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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 […]
Winter’s discontent
Winter’s discontent “Now is the winter of our discontent Made glorious summer by this son of York; And all the clouds that low’r’d upon our house In the deep bosom of the ocean buried.” Shakespeare, Richard III This may become the winter of our discontent as people around the world face a widening energy crisis, […]
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 […]
Revealed: Two Thirds of Online Posts from Six Major European Fossil Fuel Companies ‘Greenwashing’
Revealed: Two Thirds of Online Posts from Six Major European Fossil Fuel Companies ‘Greenwashing’ One expert called it a “systematic deceptive marketing campaign designed to interfere with the solution that is necessary to respond to the climate emergency: stopping fossil fuel production.” New research shows fossil fuel companies are overwhelmingly promoting their green efforts online. […]
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 […]
“Perfect Storm” – Global Energy Crisis Spreads To Brazil And India
“Perfect Storm” – Global Energy Crisis Spreads To Brazil And India The global energy crisis plagues Europe and China and risks spreading to emerging market economies. According to Bloomberg, severe droughts in Brazil have led to a collapse in hydroelectric generation and could force the South American country to ration power if power imports from Uruguay […]
World’s Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes
World’s Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes Just one week ago, we highlighted the first victim of the latest “rogue wave” in global natural gas markets. As Miami-based Statar Capital gave up its “hefty gains” from earlier in the year, tumbling into the red amid the NatGas market turbulence, we warned that it […]
British Army Begins Deliveries To Ease Fuel Crisis
British Army Begins Deliveries To Ease Fuel Crisis Last week, British Army personnel were on standby as service station pumps ran dry across the country, forcing vendors to ration sales as a shortage of truck drivers strained supply chains of major oil and gas suppliers. AFP reports Monday that as many as 200 military tanker personnel have been deployed to alleviate […]
Electricity bills in Italy rise by almost 30 percent from Friday
Electricity bills in Italy rise by almost 30 percent from Friday Energy prices are set to rise in Italy this week despite government interventions. Photo: Sebastien Bozon/AFP Households and businesses in Italy will be paying more for electricity and gas from Friday with another steep price rise at the start of the third quarter, despite […]
“It’s A Really Dangerous Situation” – Afghanistan Faces Imminent Blackouts As Power Bills Skyrocket
“It’s A Really Dangerous Situation” – Afghanistan Faces Imminent Blackouts As Power Bills Skyrocket While the Taliban are clearly preoccupied with the security situation inside the Islamic Emirate of Afghanistan, as emphasized by Sunday’s bombing at a major mosque in Kabul (ironically, the former insurgents are facing an insurgency of their own led by ISIS-Khorasan, […]
Global Energy Crisis Spreads
Global Energy Crisis Spreads
Take us to DEFCON 1
Take us to DEFCON 1 The US military defines its Defense Readiness Condition (DEFCON) levels as follows: DEFCON 5 is normal readiness. DEFCON 4 is above normal readiness. DEFCON 3 is the air force ready to mobilize in 15 minutes. DEFCON 2 is all forces ready to fight in 6 hours. DEFCON 1 is the […]
Pandemic Brooding: Brown Tech in New Clothing
Pandemic Brooding: Brown Tech in New Clothing Parts of this essay have already been published as ‘Pandemic brooding: can the permaculture movement survive the first severe test of the energy descent future?’ In this longer essay, David Holmgren explores the responses to the pandemic in light of his Future Scenarios work. Extract: I think it is important […]
