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Sweden, Austria Start Bailing Out Energy Companies Triggering Europe’s “Minsky Moment”
Sweden, Austria Start Bailing Out Energy Companies Triggering Europe’s “Minsky Moment” Last weekend, Credit Suisse repo guru published what may have been the most insightful snippet of the entire European energy crisis (to date) when he extended the infamous “Minsky Moment” framework to Europe, and specifically Germany, which he said “can’t cover its payments without Russian gas […]
“Exorbitant Rise In Energy Prices” Forces Europe’s Top Steelmaker To Close Plants
“Exorbitant Rise In Energy Prices” Forces Europe’s Top Steelmaker To Close Plants Even though European power and natural gas prices have subsided this week, Germany, the largest economy in the bloc, still faces historically high energy costs that have forced cuts in industrial output. The latest example is the world’s largest steelmaker, ArcelorMittal, which released […]
Darker and Colder: Europeans Warned of ‘Unprecedented’ Power Failures This Winter
Darker and Colder: Europeans Warned of ‘Unprecedented’ Power Failures This Winter “Production of electricity cannot keep up with demand.” jonathanfilskov-photography via Getty Images Europeans are being warned of ‘unprecedented’ power failures this winter as the energy crisis brings a foreseeable future that will be colder and darker. “There is an increased risk of a lack […]
Surprise: Gazprom “Completely Halts” Nord Stream Gas Supplies Due To “Unexpected” Leak
Surprise: Gazprom “Completely Halts” Nord Stream Gas Supplies Due To “Unexpected” Leak After a 3-day halt, Russian energy giant Gazprom was expected to resume critical supplies of nat gas to Europe via Nord Stream 1 tomorrow, but it appears that Putin is enjoying the game of cat and mouse a little too much, and gas […]
Your Window Of Opportunity To Get Prepared Before The Catastrophic Events Of 2023 Is Rapidly Closing
Your Window Of Opportunity To Get Prepared Before The Catastrophic Events Of 2023 Is Rapidly Closing I don’t know how I could say it any more clearly. At this moment, the vast majority of the population is completely and utterly unprepared for what is ahead of us. Every day, there are more signs in the […]
Dead of Winter
Dead of Winter “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger In the United Kingdom, a grassroots protest movement has broken out in response to the ongoing energy crisis. With the bill from its failed national policies coming due, ordinary citizens are organizing campaigns to ensure they are […]
“How In The Name Of God”: Shocked Europeans Post Astronomical Energy Bills As ‘Terrifying Winter’ Approaches
“How In The Name Of God”: Shocked Europeans Post Astronomical Energy Bills As ‘Terrifying Winter’ Approaches Over the past week, shocked Europeans – mostly in the UK and Ireland – have been posting viral photos of shockingly high energy bills amid the ongoing (and worsening) energy crisis. Several of the posts were from small business owners who […]
Greyerz – The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying
Greyerz – The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the US economy is crashing but the global collapse will be even more terrifying. _____ […]
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 […]
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 […]
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 […]
