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Deutsche Bank Is Forecasting That Germans Will Have to Chop Wood to Stay Warm This Winter

by Not The Bee
July 15, 2022
in Economy
Deutsche Bank is forecasting that Germans will have to chop wood to stay warm this winter

How it started:

How it’s going:

Last night, Eric Heymann, a senior economist at Deutsche Bank, released a note discussing options for Germany to manage its current energy crisis. The three scenarios involve the Russian oil sold and sent to Germany through the Nord Stream 1 pipeline.In his last scenario, Heymann discusses what might happen if Russia turns off the pipeline completely, a real possibility given Germany’s support of Ukraine.More from ZeroHedge: [W]hat we find most remarkable is DB’s assessment not of supply but demand, i.e., the bank’s projection of German gas consumption.Here, as Heymann writes, demand will remain […]

Read the rest of this story here: notthebee.com

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