European power prices shatter records as energy crisis intensifies
European power prices shatter records as energy crisis intensifies Power prices in Europe continue to smash records, intensifying the region’s energy crisis and fanning fears about access to electricity and heating as the weather begins to cool. Russia is one of the world’s top producers of oil and natural gas. German power prices for next […]
USA Henry Hub Gas Prices Climb to Record High
USA Henry Hub Gas Prices Climb to Record High The commodity almost hit the $10 per MMbtu mark for the first time. U.S. Henry Hub prices have climbed to a record high, Rystad Energy analyst Lu Ming Pang highlighted in a market note sent to Rigzone on Wednesday. The commodity almost hit the $10 […]
The End of Reason — Part 1
The End of Reason — Part 1 Light a torch, dark times ahead Have we just passed Peak Rationality? Data Source: Google Search, red line: my extrapolation Most societies that have fallen before ours, have went through a similar pattern of rise, prosper and fall. Ours is no exception. Towards the end of their prosperous phase, […]
Wave Of European Ammonia Plant Closures To Exacerbate Food Crisis
Wave Of European Ammonia Plant Closures To Exacerbate Food Crisis A wave of European ammonia-plant shutdowns due to soaring natural gas prices has resulted in a devastating fertilizer crunch, worsening by the week, with as much as 70% of production offline. “Ammonia prices, though volatile, rose 15% in 3Q and could climb higher as Europe’s […]
“This Is Beyond Imagination”: Polish Homeowners Line Up For Days To Buy Coal Ahead Of Winter
“This Is Beyond Imagination”: Polish Homeowners Line Up For Days To Buy Coal Ahead Of Winter Several weeks ago we reported that amid Europe’s mindblowing gas and electricity prices, Deutsche Bank predicted that a growing number of German households will be using firewood for heating, a forecast which appears to have become self-fulfilling as German google searches for firewood […]
What Will An EU Economic Collapse Look Like?
What Will An EU Economic Collapse Look Like?
Saudi Prince Delivers a Message About the Second Cold War
SAUDI PRINCE DELIVERS A MESSAGE ABOUT THE SECOND COLD WAR Saudi Prince Abdulaziz bin Salman (ABS) said this week that OPEC+ may need to cut oil production. This may be necessary, he said, to correct problems in the market because “the paper and physical markets have become increasingly more disconnected.” This is rhetorical theater. It has no real […]
Department of Transportation declares regional emergency following BP refinery fire in Indiana
Department of Transportation declares regional emergency following BP refinery fire in Indiana Kirklareli / Turkey – Aug, 30, 2021: Lighted Sign Board with Large British Petroleum, BP Logo Placed on a poll in the highway gas station. A Department of Transportation agency declared a regional energy emergency for four Midwestern states on Saturday after a fire at […]
UK “Passed Debt And Death Sentence On Millions” By Increasing Energy Price Cap By 80%
UK “Passed Debt And Death Sentence On Millions” By Increasing Energy Price Cap By 80% The 80% rise in the U.K.’s cap for consumer electricity and natural gas bills this fall will drive millions of households into energy poverty this winter as the worsening cost-of-living crisis stokes fears of recession. All the chatter today among British people […]
Oil and Natural Gas Energy at the Crossroads
Oil and Natural Gas Energy at the Crossroads https://youtu.be/Vdn03dCxu3k
Riding the Zeitgeist: A theory of change
Riding the Zeitgeist: A theory of change ‘What I say today everybody will say tomorrow, though they will not remember who put it into their heads. Indeed they will be right for I never remember who puts things into my head : it is the Zeitgeist‘ George Bernard Shaw The word ‘zeitgeist’, originating with philosopher Hegel, […]
China’s Water Crisis Could Trigger Global Catastrophe
China’s Water Crisis Could Trigger Global Catastrophe China’s water crisis is nothing new, but it’s gotten worse – and is now on the ‘brink of catastrophe‘ and could trigger a global catastrophe, according to Foreign Affairs. Dried-up riverbed of Jialing river, a Yangtze tributary, China, August 2022 Thomas Peter / Reuters Given the country’s overriding importance to the […]
European Natural Gas Prices Are 6 Times Higher Than Last Year, And This Is Sparking Widespread Civil Unrest All Over Europe
European Natural Gas Prices Are 6 Times Higher Than Last Year, And This Is Sparking Widespread Civil Unrest All Over Europe This is going to be a bitterly cold winter for a whole lot of people. In particular, things are likely to get really uncomfortable in Europe. Soaring energy prices and concern about potential shortages […]
Ukrainian Nuclear Plant Was Cut From Power Grid For 1st Time In History
Ukrainian Nuclear Plant Was Cut From Power Grid For 1st Time In History Things have gone from bad to worse at the Russian-controlled Zaporizhzhia nuclear power plant, with the looming scenario of much of Ukraine facing a giant blackout. “The last two working reactors at the Russian-held Zaporizhzhia nuclear power plant were disconnected from Ukraine’s electricity […]
