Anyone who loves freedom usually wants as little government as possible. But in the areas of basic services, this is an expensive and dangerous fallacy. The International Energy Agency estimates that energy suppliers in the EU will make profits of no less than 200 billion euros in 2022 – while consumers have in some cases had their prices quintupled and are being pushed into the poverty trap.
A comment by Willi Huber
It is speculative gains that are expected in the field of energy supply. 200 billion euros – that corresponds roughly to the gross national product of Portugal. While large parts of the population are being driven into poverty and thus dependent on state subsidies, energy suppliers are reaping unimaginable profits. All of this could easily be captured by legislators at national or European level – but in contrast to increasingly drastic censorship laws, there are no initiatives in this direction here.
If you look at the oil prices of the last 20 years, for example, it is clear that crude oil is not the reason why record prices are being charged at petrol stations. On average, the price per barrel was higher in 2012 than it is now – but we still pay a good 40% higher prices at the gas station. Just a few years earlier, in 2008, absolute record prices were quoted in crude oil trading – but there were never comparable prices for consumers. You can twist and turn it how you want, but basically it is about war profiteering of the big corporations – which is stopped by nothing and nobody.
At best, eastern EU countries such as Slovenia and Hungary are taking countermeasures and have capped fuel prices to cushion the unacceptable hardships for the population. Austria, for example, is unwilling and unable to take such measures. The anti-population government coalition of the ÖVP and the Greens simply claims that the EU would not allow such a measure – of course that is a lie if it is possible in other EU member states. The fact is: You don’t want to protect or relieve the population. In the case of the Green Suicide Party, that’s no wonder, but the ÖVP, as an alleged business party, is committing the next betrayal of the people. Whoever votes for such parties is part of the problem and part of the downfall.
With the excuse that there is war in the Ukraine, the energy suppliers are currently bringing through any price, no matter how absurd. On the other hand, there are neither visible citizens’ initiatives nor particularly loud political protests.
Financial experts name the events „Windfall Profits“ – unexpected, random wins. They are made possible by the legal framework, which by no means corresponds to a “free market”. Because in a really free market there would always be providers who try to increase their market share by offering good service at lower prices. At the current profit margin there would be an extraordinary amount of room for maneuver in this area – and in a free market the battle for customers would be on.
In addition, there is the German “energy transition madness”, where instead of clean energy from highly developed, safe reactors, supposed solutions such as wind and solar energy are used. With German megalomania, this has led to large areas of land being covered with wind turbines and solar panels, the environment being destroyed on a large scale and the winged animal world being chopped up. In addition, these forms of energy only work when the sun is shining or the wind is blowing. If this is not the case, traditional power plants have to step in – usually gas-fired power plants. This is no longer possible without Russian gas. Germany is dragging all of Europe into a state of insecure energy supply – if the German plants are not sufficient, the neighboring countries have to step in and supply energy. All of this causes price fluctuations, which in turn enable stock market speculation and lead to utopian pricing in the short term. But the bill is not paid by politicians, who, as is well known, never bear the consequences for anything, but by the consumer.
The German Institute for Economic Research (DIW) has calculated that without the absurd windfall profits, German citizens would have had to pay 1.7 billion euros less in electricity prices. A rogue who suspects that this system might feed on lobbyists and bribes – comparable to the pharmaceutical industry. Ultimately, no electric utility will be interested in cutting back on its billions in profits. Many a politician builds a new villa and is happy.
The International Energy Agency (IEA) has calculated that EU-wide windfall profits for energy suppliers amount to 200 billion euros. Money that is stolen from hard-working citizens – who, however, pay absurdly high taxes to afford a political apparatus whose task it would be to stop and counteract such developments. If you don’t want to upset your corporate friends, politicians would still have the option of using the tax profits, which naturally also increased, to relieve the citizens. If we assume 20 percent VAT, this would be 33 billion euros at 200 billion euros – that could do a lot of good. If only you wanted to.
Overall, the energy sector is also contributing to the “Great Reset”, which, as Klaus Schwab (WEF) openly put it, has the ultimate goal that nobody owns anything anymore. All property should be in the hands of states and corporations. If you reject this Schwab communism, it is time to think about whether protests against absurd Corona measures are enough – or whether the Corona circus should not be used to distract one from much bigger crimes.