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What are our leaders doing?
What are our leaders doing? What force is powerful enough to synchronize every leader in almost every country to do the wrong thing on almost every covid action without assuming every leader is evil and/or stupid? Why has no one figured out what’s going on, including normally intelligent alt-media? Let’s assume that most of our leaders […]
The 1970s Again?
The 1970s Again? For the United States and much of the rest of the world, the 1970s were a time of high oil prices, surging inflation, stock market swoons, political upheaval, and geopolitical tension. Add pandemic and climate change to the list, and it also sounds like a fair description of the world today, a […]
Australia invokes emergency powers to block coal exports in energy crisis
Australia invokes emergency powers to block coal exports in energy crisis Authorities permitted to keep supplies, if needed, after consumers told to turn off the lights Australian authorities have given themselves the power to block coal exports if the resource is needed to ease the country’s crippling power crisis in the latest measure taken to […]
Germany Rations Gas Amid Russian Cuts, Mandates Return To Coal For Electricity Production
Germany Rations Gas Amid Russian Cuts, Mandates Return To Coal For Electricity Production German Vice Chancellor and Economy Minister Robert Habeck said Sunday that the country will limit the use of natural gas for electricity production amid concerns about possible shortages caused by a cut in supplies from Russia. As a member of the environmentalist Green Party, Habeck pushed […]
Our Economy In a Nutshell
Our Economy In a Nutshell The economy has reached an inflection point where everything that is unsustainable finally starts unraveling. Our economy is in a crisis that’s been brewing for decades. The Chinese characters for the English word crisis are famously–and incorrectly–translated as danger and opportunity. The more accurate translation is precarious plus critical juncture or inflection point. Beneath its […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Did Europe’s Latest (& Little Noticed) Anti-Russia Move Just Push The World Closer To WW3?
Did Europe’s Latest (& Little Noticed) Anti-Russia Move Just Push The World Closer To WW3? Quite possibly the biggest Russia-West provocation of the entire four-month long war in Ukraine has occurred this weekend, but few in the media establishment seem to be taking notice of the singular event which has the potential to quickly spiral toward a […]
Australia’s Energy Crisis Worsens As Gov’t Ask People To Keep Lights Off To Avert Blackouts
Australia’s Energy Crisis Worsens As Gov’t Ask People To Keep Lights Off To Avert Blackouts Australia’s energy minister asked Sydney and the New South Wales (eastern part of the country) residents to turn off lights and energy-intensive appliances in the evening to prevent power blackouts due to an ongoing energy crunch, The Independent reports. The federal energy […]
Oil markets are pricing in long-term supply deficits and OPEC+ will face historic lows in spare capacity, warns IEA
Oil markets are pricing in long-term supply deficits and OPEC+ will face historic lows in spare capacity, warns IEA IEA Executive Director Fatih Birol. Anadolu Agency/Getty Images The IEA issued a warning for global oil markets Wednesday, saying supply challenges will persist. Three million barrels per day of Russian crude will disappear as sanctions set in, […]
Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’
Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’ Inflation is already taking its toll on the German economy, but next winter is now being described in near apocalyptic terms by one prominent German agency head A gas shortage and high prices […]
“We Are Teetering On The Edge”: Food Shortage Worries Mount As PA Farms “Crushed” By Record Diesel Prices
“We Are Teetering On The Edge”: Food Shortage Worries Mount As PA Farms “Crushed” By Record Diesel Prices There’s nothing like the sweet smell of Building Back Better… Pennsylvania farmers are being “crushed” by the record cost of diesel – so much so, that questions about a food crisis are starting to loom, the Morning Call reported. […]
Not Enough Renewables: Minister Blames Australian Electricity Shortage on Lack of Green Energy
Chris Bowen, Labor Party’s minister for energy and climate change, speaks to media during a press conference at Parliament House in Canberra, Australia, on June 16, 2022. (AAP Image/Lukas Coch) AUSTRALIA Not Enough Renewables: Minister Blames Australian Electricity Shortage on Lack of Green Energy Energy Minister Chris Bowen has blamed Australia’s current electricity shortage on a supposed […]
The Harsh Reality of Energy TINA Strikes the US and Europe
The Harsh Reality of Energy TINA Strikes the US and Europe Hello EU and President Biden “There Is No Alternative” to Russian energy. Natural gas chart courtesy of Trading Economics, annotations by Mish. Some European Factories, Long Dependent on Cheap Russian Energy, Are Shutting Down The Wall Street Journal reports Some European Factories, Long Dependent on […]
