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 […]
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