Thread

1. Tade0 · 1790758636 · focus · HN ↗

   I feel like this is overdramatized a bit.

   For instance: it's mentioned that EU gas storage is at 67% and Germany's at 56%.

   What is not mentioned though is that Poland's storage is at 97% because the previous administration, for better or worse, was paranoid enough to invest in a sizeable marine gas terminal and the current one stocked up early.

   Regarding real estate: adjusted for inflation prices peaked 2.5 years ago, interest rates are also much lower than back then. Nobody is buying because all the Ukrainian refugees who were moving to Poland are here already and that's the last bump in population this country will see for the foreseeable future.

   Also there's the threat of war on Polish soil, which affects investor sentiment.

   1. nazgob · 1790759146 · focus · HN ↗

      It's 97% but total gas storage capacity it quite low so it's easier to fill.

      1. Tade0 · 1790762592 · focus · HN ↗

         True, but other large EU members also did a better job replenishing their stores:

         <a href="https:&#x2F;&#x2F;energiedashboard.admin.ch&#x2F;gas&#x2F;eu-gasspeicher" rel="nofollow">https:&#x2F;&#x2F;energiedashboard.admin.ch&#x2F;gas&#x2F;eu-gasspeicher

         For instance, Italy has more storage capacity per capita despite very similar consumption (~10TWh&#x2F;1mln population) and they&#x27;re already at 86%+.

         Meanwhile indeed Poland has much less storage (about a third of Germany per capita), but it also uses it less (half the consumption of Germany per capita).

         I must ask: what the hell are the Germans waiting for?

         1. ben_w · 1790763416 · focus · HN ↗

            &gt; I must ask: what the hell are the Germans waiting for?

            Bureaucracy, most likely. That and in-fighting (I count NIMBY as an example of that, but not the only thing).

            Here&#x27;s a train station in Berlin, whose upgrade is currently 20 years behind schedule: <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Berlin-Köpenick_station" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Berlin-Köpenick_station

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