Predictable news here concerning energy costs in Europe.
BASF, the world's biggest chemical corporation, announced that its energy costs for the first 9 months of this year were $2.2 billion greater than for the same period last year. That's not $2.2 billion total -- that's the size of the increase.
As a result, they are permanently cutting back their operations in Europe and increasing planned expansion into China.
https://jp.reuters.com/article/basf-resu...KL8N31R10U
US policy to hurt Russia through its energy sales, at the expense of so-called allies, is bearing predictable fruit. Germany loses and China gains.
BASF, the world's biggest chemical corporation, announced that its energy costs for the first 9 months of this year were $2.2 billion greater than for the same period last year. That's not $2.2 billion total -- that's the size of the increase.
As a result, they are permanently cutting back their operations in Europe and increasing planned expansion into China.
https://jp.reuters.com/article/basf-resu...KL8N31R10U
US policy to hurt Russia through its energy sales, at the expense of so-called allies, is bearing predictable fruit. Germany loses and China gains.
