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Why The EU Could End Within A Year
Why The EU Could End Within A Year Germany, which has been high-and-mighty within the European Union and has imposed austerity against weaker European economies such as in Greece, Spain, Italy, and Portugal, is now demanding that other EU member nations bail Germans out of what will soon inevitably be an energy-emergency that results from Germany’s […]
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis How would you feel if your power bill went up by 50 percent this winter? How about 100 percent? Unfortunately, these kinds of price increases are already being announced. The world was heading […]
Gas Levy Could Triple Household Heating Bills In Germany
Gas Levy Could Triple Household Heating Bills In Germany Germany plans to introduce a levy for all its gas consumers beginning in October as the government looks to avoid a wave of collapsing gas-importing and gas-trading companies amid record-high natural gas prices, a new bill seen by Reuters showed on Thursday. Russia is further reducing flows via […]
Back to the Future
Back to the Future “The path of sound credence is through the thick forest of skepticism.” – George Jean Nathan In the second half of the 16th century, Britain plunged into an energy crisis. At the time, the primary source of energy driving the British economy was heat derived from the burning of wood, and […]
#Future Talks: Global Energy in 2022 with Vaclav Smil
#Future Talks: Global Energy in 2022 with Vaclav Smil
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction Abstract This paper assesses how much oil remains to be produced, and whether this poses a significant constraint to global development. We describe the different categories of oil and related liquid fuels, and show that public-domain by-country and global […]
Why expensive gasoline is here to stay
Why expensive gasoline is here to stay “Future presidents and administrations are going to be absolutely bedeviled by high gasoline prices.” In the short term, expectations for a drop in gasoline demand have yet to emerge. | Jeff Chiu/AP Photo The political pain that high gasoline prices have inflicted on President Joe Biden offers a […]
The world’s self-organizing economy can be expected to act strangely, as energy supplies deplete
The world’s self-organizing economy can be expected to act strangely, as energy supplies deplete It is my view that when energy supply falls, it falls not because reserves “run out.” It falls because economies around the world cannot afford to purchase goods and services made with energy products and using energy products in their operation. It […]
EU Prepares Public For Winter Gas Siege
EU Prepares Public For Winter Gas Siege European Union policymakers have started to prepare the public for siege conditions this winter if gas supplies from Russia are completely cut, an effort to demonstrate diplomatic resolve as well as avoid panic later in the year. In recent weeks, officials from Germany and other EU member states […]
BASF Prepares To Slash Ammonia Production In Germany Amid Worsening NatGas Crunch
BASF Prepares To Slash Ammonia Production In Germany Amid Worsening NatGas Crunch German chemicals company BASF SE paid an extra 800 million euros ($809.5 million) to keep its plants operating in the second quarter compared with a year earlier amid skyrocketing natural gas prices. The impact of high energy prices has forced the company to […]
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis How would you feel if your power bill went up by 50 percent this winter? How about 100 percent? Unfortunately, these kinds of price increases are already being announced. The world was heading […]
EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High
EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High European natural gas futures extended gains by 12% after Russian state-owned energy producer Gazprom PJSC unexpectedly announced it would halt a Nord Stream 1 turbine at its Portovaya compressor station from Wednesday. Simultaneously, US NatGas futures have spiked to 14-year highs. […]
Carbon-Reduction Plans Rely on Tech That Doesn’t Exist
Carbon-Reduction Plans Rely on Tech That Doesn’t Exist Instead of scaling up renewable energy, researchers promote unproved ideas Credit: Katie Louise Thomas At last year’s Glasgow COP26 meetings on the climate crisis, U.S. envoy and former U.S. secretary of state John Kerry stated that solutions to the climate crisis will involve “technologies that we don’t […]
Panama’s Inflation Upheaval Causing Food, Fuel Shortages
Panama’s Inflation Upheaval Causing Food, Fuel Shortages It started as a teacher’s strike to protest the high cost of gas, but it’s now the largest civil unrest in Panama since the end of dictator Manuel Noriega’s reign in 1989. With fiery roadblocks disrupting commerce and causing shortages of food, fuel and other supplies, the Panamanian government has […]
IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter
IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter After calling on all member states to reduce gas consumption by 15% in the face of the threat of a complete Russian gas cutoff, the IEA says the European Union will need to cut even more in order to get through the winter. “Even […]
