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Live: UK Oil Infrastructure Shut Down
Live: UK Oil Infrastructure Shut Down
German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut
German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut CEO of Germany’s multinational BASF SE, the world’s largest chemical producer, has warned that curbing or cutting off energy imports from Russia would bring into doubt the continued existence of small and medium-sized energy companies, and further would likely spiral Germany into its most […]
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles Now that Moscow has doubled down on its demands that its European “partners” pay for its oil and gas in rubles instead of euros (which, as the bloc already demonstrated, can be easily confiscated in the name of “sanctions”), the German government is digging […]
Life in ‘Degrowth’ Economy: Envisioning a Prosperous Descent (Part IV of Ecological Civilisation)
Life in ‘Degrowth’ Economy: Envisioning a Prosperous Descent (Part IV of Ecological Civilisation)
The world on the brink of the abyss. Looking at the real danger
The world on the brink of the abyss. Looking at the real danger The neoliberal ideology of unrestrained markets has led to a global crisis. Humanity now faces an existential threat as the result of global dominance by corporations, whose ultimate goal is at odds with human flourishing Back in 1947, as the world was […]
Farmers on the Brink
Farmers on the Brink “Farming looks mighty easy when your plow is a pencil and you’re a thousand miles from the corn field.” – Dwight D. Eisenhower It was a spooky time to be out at sea off the US East Coast on Halloween in 1991. A strong storm system over the maritime provinces in […]
No one will win in the Russia-Ukraine conflict
No one will win in the Russia-Ukraine conflict Most people have a preconceived notion that there will be a clear winner and loser from any war. In their view, the world economy will go on, much as before, after the war is “won” by one side or the other. In my view, we are basically […]
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles Update(9:01ET): Russia on Monday has issued a firm and unyielding response to G-7 ministers who had dismissed as “unacceptable” its plan to only accept ruble payments for Russian gas going to “unfriendly” nations. Earlier Monday German Economy Minister Robert Habeck […]
A World That’s More Expensive Is Starting to Destroy Demand
A World That’s More Expensive Is Starting to Destroy Demand Buyers are balking at high prices for fuel, food and metals, threatening to tip economies back into recession. The Central de Abastos Market in Mexico City. Photographer: Alejandro Cegarra/Bloomberg Prices for some of the world’s most pivotal products – foods, fuels, plastics, metals – are spiking beyond […]
Unbeknown to Most, A Financial Revolution Is Coming That Threatens to Change Everything (And Not for the Better)
Unbeknown to Most, A Financial Revolution Is Coming That Threatens to Change Everything (And Not for the Better) Given how much is at stake, this financial revolution is among the most important questions today’s societies could possibly grapple with. It should be under discussion in every parliament of every land, and every dinner table in […]
Designing a new currency is impractical
Designing a new currency is impractical Rising interest rates threaten to destabilise both financial asset values and the fiat currencies in which they are priced. This outcome is feared by the chattering classes who increasingly speculate about currency resets. So far, we have seen cryptocurrencies such as bitcoin, plans for the introduction of central bank […]
Sand for fracking is now 3 times as expensive as it was last year, and it’s one of several reasons US oil production isn’t increasing
Sand for fracking is now 3 times as expensive as it was last year, and it’s one of several reasons US oil production isn’t increasing A hydraulic fracturing manager holds a mixture of sand and water which is pumped down the pipes at a shale gas site in the UK. Peter Powell/Reuters Russia’s invasion of Ukraine […]
Demand Destruction Has Begun
Demand Destruction Has Begun One month ago, Brent jumped above $100/bbl for the first time in eight years as Russia executed a full-scale invasion of Ukraine, and it became clear that western governments would impose sanctions. The oil market has been in triple digits for practically the entire time since. And, after a month of […]
Trading Houses Will Collapse As “Margin Call Doom Loop” Goes Global, Trafigura CFO Warns
Trading Houses Will Collapse As “Margin Call Doom Loop” Goes Global, Trafigura CFO Warns Sometimes repo guru Zoltan Pozsar is so far ahead of his time, it takes the “experts” weeks just to read up on all the required source docs to even grasp what he is talking about. Last week we reported that the Bloomberg news that one […]
