Germany reveals when it will run out of gas
Germany reveals when it will run out of gas Natural gas storage facilities in Germany are half-empty, economy ministry says © AFP / JOHN MACDOUGALL Natural gas reserves in Germany, which has one of the highest underground gas storage capacities in Europe, have fallen to historically low levels compared with previous years. “According to the consolidated register […]
Germany Threatens To Halt Nord Stream 2 If Russia Attacks Ukraine
Germany Threatens To Halt Nord Stream 2 If Russia Attacks Ukraine On Tuesday German Chancellor Olaf Scholz was asked directly in a press Q&A whether a Russian military offensive in Ukraine might lead to NATO military intervention on behalf of Kiev. Scholz responded by underlining “serious” political and economic consequences, but appeared to rule out any assistance from […]
Chemical pollution has passed safe limit for humanity, say scientists
Chemical pollution has passed safe limit for humanity, say scientists Study calls for cap on production and release as pollution threatens global ecosystems upon which life depends Firefighters take part in an emergency drill against winter chemical hazards and accidents in China’s Inner Mongolia Autonomous Region. Photograph: Xinhua/Rex/Shutterstock The cocktail of chemical pollution that pervades the […]
‘Carbon bomb’: Westpac, National Australia Bank under fire for bankrolling Woodside, BHP’s Scarborough LNG
‘Carbon bomb’: Westpac, National Australia Bank under fire for bankrolling Woodside, BHP’s Scarborough LNG Anti-gas sentiment remains across Australia as banks continue to invest in farming the resource. Credit: AAP Bankers have been accused of “industrial-scale greenwashing” by financing a huge new gas field. But National Australia Bank and Westpac insist they’re on board with the […]
2022: Energy limits are likely to push the world economy into recessionIn my view, there are three ways a growing economy can be sustained:
2022: Energy limits are likely to push the world economy into recessionIn my view, there are three ways a growing economy can be sustained: With a growing supply of cheap-to-produce energy products, matched to the economy’s energy needs. With growing debt and other indirect promises of future goods and services, such as rising asset prices. […]
Texas’ Power Grid “Could Be At Risk” Ahead Of Cold Blast
Texas’ Power Grid “Could Be At Risk” Ahead Of Cold Blast The primary grid operator for Texas, the Electric Reliability Council of Texas (ERCOT), is preparing for another round of bitterly cold weather that may disrupt natural gas power plants. National Weather Service (NWS) anticipates temperatures across parts of the Lone Star State to plunge […]
Oil Spikes To Fresh 7-Year High After Key Iraq-Turkey Pipeline Explosion
Oil Spikes To Fresh 7-Year High After Key Iraq-Turkey Pipeline Explosion Despite dollar strength today (and more worrisome ZeroCOVID actions from China), oil prices continued to rise but news after-hours that an explosion knocked out a major pipeline sparked more upside. Little is known about the cause, but the explosion at a pipeline connecting Northern […]
US Scrambles For ‘Contingency Plans’ From Energy Firms On Gas Supply Crunch Amid Russia-Ukraine Crisis
US Scrambles For ‘Contingency Plans’ From Energy Firms On Gas Supply Crunch Amid Russia-Ukraine Crisis It appears that both Washington and Kiev are still convinced that Russia is preparing a military offensive against Ukraine to happen at some point by the close of January. Despite Western estimates echoed over the past couple months that some 100,000 […]
Experts Are Warning That Empty Shelves And Food Shortages Are Going To Continue For Many Weeks To Come
Experts Are Warning That Empty Shelves And Food Shortages Are Going To Continue For Many Weeks To Come The term “return to normal” is being thrown around a lot these days, but will things ever truly return to the way that they were before the pandemic came along? I don’t think so. From an economic standpoint, an […]
Russian ‘False Flag’ In Ukraine Story Emerged After CIA Director Secretly Visited Kiev
Russian ‘False Flag’ In Ukraine Story Emerged After CIA Director Secretly Visited Kiev On Monday it came to light that last week’s whole false flag story which involved the US alleging that Russia is planning some kind of deceptive attack on its own forces or proxies in order to justify an incursion into Ukraine was fed straight to […]
Oil Is The Wrecking Ball That We All Deserve…
Oil Is The Wrecking Ball That We All Deserve… I’ve been pretty clear on why oil is going higher. If you want a refresher, click here. I’ve also been clear that when oil overshoots, it’s going to create the next Lehman moment. Oil is the wrecking ball that will crush every CUSIP, because the Fed will eventually […]
Your life and the economy depend on biodiversity
Your life and the economy depend on biodiversity Preface. We are trained in school, newspapers, and TV to view the world politically and economically. Not ecologically. Or with energy awareness, which those of us following limits to growth, peak oil, and peak everything else call energy blindness. The World Economic Forum article below is an […]
China Coal Production Hits Record To Avoid Energy Crisis
China Coal Production Hits Record To Avoid Energy Crisis Many of us in the Western world are spending the most ever on electricity bills, forced to eat fake meat, and paying a lot more in taxes for green initiatives. At the same time, China ignores the green revolution by ramping up record coal production in […]
UK energy crisis is a fossil fuel crisis – and gas is the villain
UK energy crisis is a fossil fuel crisis – and gas is the villain New analysis by energy think tank Ember reveals that the skyrocketing price of fossil gas was responsible for 85% of the increase in UK wholesale electricity prices in 2021. In just one year, wholesale electricity prices quadrupled and it became almost five […]
