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Green technocracy’s dirty secret
Green technocracy’s dirty secret Germany is in trouble. The IMF has revised its projected growth figures down to just 1.2 percent for 2022. Even this may prove to be optimistic now that gas imports from Russia have dropped to just 20 percent of what was anticipated prior to the EU sanctions. With autumn approaching, German industry is anticipating […]
Norway Considers Limiting Electricity Exports To Prevent Domestic Crunch
Norway Considers Limiting Electricity Exports To Prevent Domestic Crunch Norway may soon introduce a rule to reduce its vast electricity exports if levels at reservoirs for hydropower generation drop to critically low levels in a bid to prevent power shortages and further rises in energy bills domestically. Norway’s Energy Minister Terje Aasland told Norwegian media, […]
The Lowdown on the “Climate Act”
THE LOWDOWN ON THE “CLIMATE ACT” This past week the media announced an historic climate legislation deal was struck in the Senate. The Inflation Reduction Act of 2022, ( a misleading title because the Act will do nothing to tame inflation) will allocate $370 billion in spending toward a “Green Energy” future. Where is the money […]
Sorry! Diesel prices are likely to climb again soon
Sorry! Diesel prices are likely to climb again soon Behind the scenes of why fuel is so expensive in 2022 Truck stops made record diesel profits this quarter. (Roger V. Solis/AP) For today’s MODES, I called up FreightWaves Editor-at-Large John Kingston to find out what the heck is happening with diesel prices recently. I learned a lot, […]
Peak lithium makes transportation & electricity storage pointless
Peak lithium makes transportation & electricity storage pointless Preface. The lithium batteries in cars need electricity to recharge, but the electric grid can’t stay up with just wind and solar, that’s why natural gas is the energy storage today. Nor do pumped hydro or compressed air energy storage scale up. And battery storage doesn’t either. Barnhart […]
German Oil Refiner Observes “Run” On Diesel & Heating Oil, Halts Deliveries
German Oil Refiner Observes “Run” On Diesel & Heating Oil, Halts Deliveries The latest sign Europe’s energy problems are worsening is that Austrian oil and gas firm OMV AG halted crude product deliveries from storage facilities in Germany amid a “run” on supplies, Bloomberg reported. OMV Germany said two storage facilities in the southern part of the […]
Is a Partial Collapse Possible? — Part 2
Is a Partial Collapse Possible? — Part 2 Image credit: Himesh Kumar Behera via Unsplash After exploring the possible ways the West could (continue to) collapse in Part 1, let’s turn our mental gaze towards the East, and see what are the global implications of such a shift in centers of power — if there are any… […]
OPEC agrees to produce slightly more oil as recession fears loom
OPEC agrees to produce slightly more oil as recession fears loom London (CNN Business)The world’s oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global recession will crimp demand. The Organization of the Oil Exporting Countries and its allies — which includes Russia — also known as OPEC+, said on […]
Germany’s Uniper Warns Of Possible “Irregular Operation” At Major Power Plant As Rhine River Runs Dry
Germany’s Uniper Warns Of Possible “Irregular Operation” At Major Power Plant As Rhine River Runs Dry Germany’s Uniper SE, the country’s largest utility (recently bailed out by state-owned lender KfW), warned Thursday that plunging water levels on the Rhine River have reduced barge shipments of coal to a key power plant, exacerbating an energy crunch as power […]
Bill Gates’ dumbest idea ever
Bill Gates’ dumbest idea ever A legendary nuclear whistleblower’s open letter to Bill Gates over his new love of nuclear power. Dear Mr. Gates, I am writing this letter to you because I believe you have crossed the line by leveraging your fortune to maneuver state governments and, indeed, the U.S. Government to siphon precious […]
Is a partial collapse possible? Part 1
Is a partial collapse possible? Part 1 Image credit: Himesh Kumar Behera via Unsplash Can the East survive the fall (or rather the collective suicide) of the West? Can the center of global power be transferred from the falling Western Empire to its Eastern counterparts? And ultimately: will this shift contribute to or, instead, reverse the […]
Hezbollah Threatens Israel With War Over Disputed Gas Field
Hezbollah Threatens Israel With War Over Disputed Gas Field Lebanon’s armed Hezbollah group threatened Israel that drilling at the Karish gas field could result in war. Israel and Lebanon are in a years-long dispute over the demarcation of their territorial waters in the Mediterranean. Israel has already warned early on that any damage to the […]
Europe has lost the energy war
Europe has lost the energy war The livelihoods of millions have already been sacrificed After a decade of financial austerity, is Europe now on the brink of a new age of energy austerity? The city of Hanover has recently introduced strict energy-saving rules that include cutting off the hot water in public buildings, swimming pools, sports halls […]
Europe hypnotized into war economy
Europe hypnotized into war economy Thirty two years ago Germans enthusiastically took down the Berlin wall. Now, captured by cunning Anglo-Saxon global elites, Germans are helping other European “useful idiots” to erect a much higher and thicker wall to cut themselves off from Russia leading them into a war economy. But as Hungarian Prime Minister […]
#228. In the eye of the Perfect Storm
#228. In the eye of the Perfect Storm A GUIDE TO THE SURPLUS ENERGY ECONOMY FOREWORD The title of this report makes intentional reference to the Perfect Storm paper published by Tullett Prebon back in 2013, when I was head of research at that organization. Since then, my efforts have been concentrated on (a) promoting discussion (at Surplus Energy […]
