German Chemical Giant Warns Of "Total Collapse" If Russian Gas Supply Cut

 Thanks to J Villain for the link!

via Zero Hedge

CEO of Germany's multinational BASF SE, the world's largest chemical producer, has warned that curbing or cutting off energy imports from Russia would bring into doubt the continued existence of small and medium-sized energy companies, and further would likely spiral Germany into its most "catastrophic" economic crisis going back to the end of World War 2. 

Company CEO Martin Brudermuller issued the words in an interview with Frankfurter Allgemeine newspaper just ahead of German officials by midweek giving an "early warning" to industries and the population of possible natural gas shortages, as Russia appears ready to firmly hold to Putin's recent declaration that "unfriendly countries" must settle energy payments in rubles, related to the Ukraine crisis and resultant Western sanctions. 

According to Bloomberg he mused that while "Germany could be independent from Russia gas in four to five years" it remains that "LNG imports cannot be increased quickly enough to replace all Russian gas flows in the short term."

Here 

I like boring.  Boring is so AWESOME to me.  The world and many of my readers don't want boring.

So.....

Pass the popcorn.  

I'll do my best to make sure me and mine are as "insulated" from the madness as possible (and do more if I haven't planned properly), but watching this shit show should be fascinating. Oh and have no doubts...this applies to all the things we've ever talked about on this blog.