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EU Politicians Panic As Natgas Prices Explode 40% Overnight
EU Politicians Panic As Natgas Prices Explode 40% Overnight Europe’s power crunch is roiling energy markets Wednesday as Dutch and U.K. natural gas futures jumped 60% in just two days, hitting record highs along with soaring power prices. Front-month Dutch natgas futures rose an astonishing 40% today to a record 162.125 euros per megawatt-hour after […]
Europe Turns To Russia For More Coal As Energy Prices Skyrocket
Europe Turns To Russia For More Coal As Energy Prices Skyrocket Europe is facing a perfect storm of increasing demand for energy in the wake of the COVID-19 pandemic, and a dwindling supply of natural gas used to produce electricity. As Europe’s struggling energy markets look to import any form of affordable energy they can, […]
Dominos Fall As Germany’s Largest Ammonia Producer Slashes Output Amid Energy Crisis
Dominos Fall As Germany’s Largest Ammonia Producer Slashes Output Amid Energy Crisis A natural gas shortage across Europe has created supply-chain shocks, as seen in the food industry, where problems continue to worsen. European natgas prices are at insane levels, triggering a domino effect of output reduction or closures of fertilizer plants on the continent. […]
Someone is betting that oil will soar to a record US$200 per barrel
Someone is betting that oil will soar to a record US$200 per barrel Crude oil prices are falling after inventories revealed a build in stockpiles for the first time in eight weeks after natural disasters knocked several U.S. refineries offline. Could the energy crunch get so bad that oil prices hit US$200 a barrel? One […]
Death By Inflation Or Debt Defaults? Luke Gromen On The No-Win Situation We’re Trapped In
Death By Inflation Or Debt Defaults? Luke Gromen On The No-Win Situation We’re Trapped In https://youtu.be/csf4fdV-EOQ In the US, the monetary & fiscal stimulus spigots are turning off as the Fed threatens to start tapering in November and Congress devolves into gridlock over both the next stimulus package as well as the debt ceiling. The […]
My “Wealth Effect Monitor” for the Money-Printer Economy: Holy Moly, October Update
My “Wealth Effect Monitor” for the Money-Printer Economy: Holy Moly, October Update The bottom 50% need not apply. They just get to eat the soaring costs of housing. How the Fed totally blew out the already gigantic wealth disparity during the pandemic. On Friday, the Fed released the detailed data about the wealth of households […]
Peter Schiff: Government Serves Grade-A B.S. on Inflation
Peter Schiff: Government Serves Grade-A B.S. on Inflation OCTOBER 5, 2021 BY SCHIFFGOLD 0 0 Both the Federal Reserve and the Biden administration continue to insist inflation is transitory. And they are also trying to shift the blame for rising prices so they avoid any responsibility. In this clip from his podcast, Peter Schiff explains why the government inflation […]
Things do not have to run out for their scarcity to become destabilizing
Things do not have to run out for their scarcity to become destabilizing Economic cornucopians who believe “innovation” and “substitution” will solve every constraint on the resources needed for modern civilization use a clever piece of misdirection to deflect the arguments of those concerned about limits. These cornucopians say that the claim by the limits crowd that […]
Column: Hedge funds flock to oil as energy shortages worsen: Kemp
Column: Hedge funds flock to oil as energy shortages worsen: Kemp A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi/File Photo LONDON, Oct 4 (Reuters) – Rising oil prices and the spreading global shortage of coal, gas and electricity have drawn fresh buying interest from hedge funds […]
Fresh Legal Fight Erupts Over Nord Stream 2 As Europe Energy Costs Soar Ahead Of Frigid Winter
Fresh Legal Fight Erupts Over Nord Stream 2 As Europe Energy Costs Soar Ahead Of Frigid Winter Just ahead of Monday’s announcement that the North Stream 2 Russia to Germany natural gas pipeline has begun filling with gas in the first line while awaiting approval from Germany regulators before it goes fully online and the taps are turned […]
What then are we to become?
What then are we to become? According to Boris Johnson, the economic dislocation which appears to be gathering pace across the UK is merely “a period of adjustment after Brexit.” In Johnson’s formulation, those who would turn the clock back are tacitly in favour of the low-pay and poor working conditions which were encouraged when the UK […]
‘Post-Scarcity Anarchism’
‘Post-Scarcity Anarchism’ Murray Bookchin, first published 1971 View the YouTube video of this post ‘A Book in Five Minutes’ Index ‘The Meta-Blog’ Index ‘A Book in Five Minutes’, Podcast no.5: Download this recording as: An MP3 file; or an Ogg Vorbis file Topped by a statue of Ceres, the Roman goddess of agriculture, what remains of Banbury’s Corn […]
Breaking The (Supply) Chains
Breaking The (Supply) Chains “Supply chain disruptions” has become a catch-all phrase to explain product shortages and inflation. But how exactly does that work, and why is this problem taking so long to fix? For Story Time this week, Nick uses his 30 years of experience analyzing the US auto industry to explain what’s going […]
Pandora Papers Show True Face of Global Britain
Pandora Papers Show True Face of Global Britain Through its network of tax havens, the U.K. is the fulcrum of a system that benefits the rich and powerful writes Adam Ramsay. Cherie and Tony and Blair in 2003. The former U.K. prime minister and his wife are among those mentioned in the Pandora Papers. (Kremlin.ru, […]
