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No, it is not possible to diversify, while there is a cheaper option. The market will punish you and you will be crushed by your competition.

Same way it took Corona completely destroying logistics chains, to get manufacturing to diversify out of China.

Bored Satoshi 1y ago

Yes of course. The market will punish you for buying expensive alternative for no other reason but not having the nordstream pipeline built is also bad isn't it? German products woud've been more expensive than other country products.

I was suggesting to alternative plans if Russia was to increase price for their gas.

And I agree with you that nuclear is one of the best alternatives to have. Nami disagrees because of the "danger". Note that there are many countries using and still building new Nuclear plants. We need to mitigate the danger rather than giving up.

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Discussion

nami 1y ago

Yes. You are right but hear this. A friend used to work on windmill parks. He said to me that there is a law which says that you have to bild such windmill parks as an environmental counterweight if you want to make nuclear plants. I think that's why some things happen the way they do...

Laeserin 1y ago

Diversifying suppliers is an investment in future resilience.

We wouldn't even need all that natural gas, if we turned the nuclear back on. We use a lot of the gas to produce electricity.

They created a problem on purpose, and then they told us Russia would solve it. 😕

nami 1y ago

Yes having alternatives is always good. Having the alternatves as the main choice is not good.

So, you say they created this problem why exactly?

Laeserin 1y ago

That is the question, isn't it?

nami 1y ago

It's interesting, i never heard this narrative. I am really interested

Bored Satoshi 1y ago

I think they might have created this problem because it is probably hard for politicians and corporations bribing them to extract value by building new nuclear power plants.

First of all, it requires competence. You can't really accept bribes by allowing low quality equipments in the nuclear power plants because if they fail, you'll never get elected again. Why take such a risk when you buy Russian oil which requires a lot more moving parts where you can extract value?

And of course the incumbents that are already rich because of oil based products also bribe govts to lean towards oil.

Nuclear energy is pure. Energy is generated and goes into the grid. The govts lose some leverage if they go full nuclear.

nami 1y ago

That's a fair argument.

Still everything nuclear frightens me. After Fukushima i wouldn't approve anything like this though.

nami 1y ago

Also , russians make nuclear plants also. I think that they would have more profit doing so... So why promoting gas?

Bored Satoshi 1y ago

Because there is demand for gas. Why wouldn't they promote something they have?

nami 1y ago

Gas is good but you can cut it without having such big consequences as with nuclear power. When they depend on you about maintenance, fuel etc on nuclear is a different story. For example look at this

https://www.nytimes.com/2023/06/14/climate/enriched-uranium-nuclear-russia-ohio.html

Even USA is dependent on Russians. In fact Russians can kneel the West instantly for sure if they want. So why they don't do it? I can think of only two reasons. One, they don't want to play with the possibility that the West in its despair will do something to lead to a nuclear war, especially when it seems that they will win in the long run anyway. Two, there is a possibility, and that's my biggest fear, that Putin wants to be friends again with the West, or his partners as he used to say. In that case, the elite's grip on common people will be very tight...

What do you think guys?