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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (9364)	9/29/2022 4:13:34 AM
From: elmatador	1 Recommendation Recommended By Cogito Ergo Sum Read Replies (1) \| Respond to of 13801

Hello Roberto! Europe’s industrial sector could be wiped out by the energy crisis gas supply picture looks brighter only post 2025. There is no immediate solution to Europe’s energy supply issue By Anne-Sophie Corbeau Sep 27 2022 · 2 min read ILLUMINEM VOICES RENEWABLES · OIL & GAS As we enter in the second year of record high energy prices in Europe, it is increasingly obvious that the industrial sector’s energy demand is starting to crumble. The IEA estimated that gas demand in key European countries dropped by a whopping 30 percent in August 2022. There is hardly any reason to rejoice that we are finally starting to achieve the much needed energy demand reductions that were called for in the Save gas for a safe winter – that demand and its corresponding industrial output may never come back. Europe is facing both a gas and a power crisis and many industrials have to face significantly higher energy costs. After one year of high prices, any solution that would preserve industrial activity – energy efficiency, switching to cheaper refined products – is likely to have been largely used. What we are seeing now with fertiliser producers such as Yara reducing their output, aluminium factories (Norsk-Hydro) closing down is pure demand destruction. It reflects the impossibility for these companies to either fully pass through their costs or remain competitive in global markets. But the worst may be still to come: Europe’s industry will likely face the double whammy of sustained high energy prices and energy supplies cuts. As Russian gas pipeline supplies have reached an historical low, governments are putting pressure on all users to reduce their consumption. To protect vulnerable consumers, the industrial sector will be the first to be cut in case of shortage. There is no immediate solution to Europe’s energy supply issues – additional gas and LNG supplies, alternative energies will likely take years to come to the market in significant quantities. The gas supply picture looks brighter only post 2025. One can wonder how the industry could survive three years of high energy prices and supply cuts. Moving to alternative energies – such as hydrogen – has been earmarked as a solution. But again, time is of essence. Hydrogen won’t be ready immediately. Europe has not even finalised its regulatory framework, leaving many investors in the dark and moving slowly forward. Ironically, while industry was expected to be a pillar of future hydrogen demand, there might not be that much left to decarbonise. Not many outside of Europe will shed a tear on the fate of Europe’s industry. Russia – which is raging an economic war against Europe – will certainly exult. China will continue to try to dominate existing and new sectors – reshoring critical industries such as batteries and electrolysers won’t work for Europe if there is no energy to power these installations. The Middle East, getting record oil and gas revenues, will seek to expand its industrial base and export hydrogen-based clean products in the future. Even Europe’s ally – the United States – will benefit from its abundant and cheaper energy sources. Illuminem Voices is a democratic space presenting the thoughts and opinions of leading Sustainability & Energy writers, their opinions do not necessarily represent those of illuminem.

To: robert b furman who wrote (9364)	10/12/2022 5:40:48 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 13801

Intel is preparing layoffs numbering in the thousands that will be announced as early as this month Some Intel divisions, including the sales and marketing group, could be cut by up to 20 percent, Bloomberg News reported on Tuesday, citing people with knowledge of the situation. The company had 113,700 employees as of July, when it slashed its annual sales forecast by $11 billion after missing estimates for second-quarter results. . Finally we'll see if Intel's dividend survives, or is cut. Intel has been battered by shifting market trends, including the decline of traditional personal computers as smartphones and tablets rise in popularity. Top computer makers Lenovo, HP, Dell and ASUS all saw sharp declines in shipments for the quarter with an aggregate global decline of 19.5%, with Apple alone among the top five manufacturers seeing growth. Intel CEO Pat Gelsinger said that plans for the new factories will push forward, despite the recent market headwinds the company has faced. 'You just don't build factories like this based on a couple of quarter cycles,' Gelsinger told Reuters at the time. 'The semiconductor industry is doubling over the decade and I need capacity to grow into that opportunity.'