Re:Exit, pursued by a bear
by morsch on Monday July 11, 2022 @03:25AM
(#32053269)
Any widget made in Europe ... will now become even more expensive to make.
Sure, but that's always the case. The question is, how much more expensive. And that's going to vary a lot depending on how much the natural gas and electricity required is part of the overall price.
No doubt we're in for a rough transition, which we should have avoided by embarking on it twenty years ago, but I see any evidence for long term ruin. Not due to loss of energy imports from Russia, anyway.
Sure, but that's always the case. The question is, how much more expensive. And that's going to vary a lot depending on how much the natural gas and electricity required is part of the overall price.
No doubt we're in for a rough transition, which we should have avoided by embarking on it twenty years ago, but I see any evidence for long term ruin. Not due to loss of energy imports from Russia, anyway.