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[Left Column] NYT: ‘Crippling’ energy bills force Europe’s factories to go dark

China and India will be able to fill the manufacturing void no doubt. 

NYT: Manufacturers are furloughing workers and shutting down lines because they can’t pay the gas and electric charges. ... 

Makers of metal, paper, fertilizer and other products that depend on gas and electricity to transform raw materials into products from car doors to cardboard boxes have announced belt-tightening. Half of Europe’s aluminum and zinc production has been taken offline, according to Eurometaux, Europe’s metals trade association. ... 

Even toilet paper is not immune: In Germany, Hakle, one of the largest manufacturers, announced that it had tumbled into insolvency because of a “historic energy crisis.”

Published:9/21/2022 6:44:08 AM
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