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How to fix our inland waterway system
How to fix our inland waterway system Preface. As you can see in Table 1 below, water transport is far more energy efficient than land transport, especially once we’re back to muscle power after fossil fuels are gone. Kilojoules of energy used to carry one ton of cargo one kilometer Transportation mode 50 Oil tankers […]
Turkey Hit By Unprecedented Power Outages As Iran Halts Gas Flows
Turkey Hit By Unprecedented Power Outages As Iran Halts Gas Flows A disruption to natural gas imports from Iran has caused an unprecedented level of power cuts in Turkey. The power cuts have largely impacted major industrial zones, with some companies forced to halt production as a result. Iran claims that its natural gas flows […]
Morgan Stanley Jumps On The $100 Oil Bandwagon
Morgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low […]
Germany reveals when it will run out of gas
Germany reveals when it will run out of gas Natural gas storage facilities in Germany are half-empty, economy ministry says © AFP / JOHN MACDOUGALL Natural gas reserves in Germany, which has one of the highest underground gas storage capacities in Europe, have fallen to historically low levels compared with previous years. “According to the consolidated register […]
Germany Threatens To Halt Nord Stream 2 If Russia Attacks Ukraine
Germany Threatens To Halt Nord Stream 2 If Russia Attacks Ukraine On Tuesday German Chancellor Olaf Scholz was asked directly in a press Q&A whether a Russian military offensive in Ukraine might lead to NATO military intervention on behalf of Kiev. Scholz responded by underlining “serious” political and economic consequences, but appeared to rule out any assistance from […]
2022: Energy limits are likely to push the world economy into recessionIn my view, there are three ways a growing economy can be sustained:
2022: Energy limits are likely to push the world economy into recessionIn my view, there are three ways a growing economy can be sustained: With a growing supply of cheap-to-produce energy products, matched to the economy’s energy needs. With growing debt and other indirect promises of future goods and services, such as rising asset prices. […]
Texas’ Power Grid “Could Be At Risk” Ahead Of Cold Blast
Texas’ Power Grid “Could Be At Risk” Ahead Of Cold Blast The primary grid operator for Texas, the Electric Reliability Council of Texas (ERCOT), is preparing for another round of bitterly cold weather that may disrupt natural gas power plants. National Weather Service (NWS) anticipates temperatures across parts of the Lone Star State to plunge […]
Oil Spikes To Fresh 7-Year High After Key Iraq-Turkey Pipeline Explosion
Oil Spikes To Fresh 7-Year High After Key Iraq-Turkey Pipeline Explosion Despite dollar strength today (and more worrisome ZeroCOVID actions from China), oil prices continued to rise but news after-hours that an explosion knocked out a major pipeline sparked more upside. Little is known about the cause, but the explosion at a pipeline connecting Northern […]
US Scrambles For ‘Contingency Plans’ From Energy Firms On Gas Supply Crunch Amid Russia-Ukraine Crisis
US Scrambles For ‘Contingency Plans’ From Energy Firms On Gas Supply Crunch Amid Russia-Ukraine Crisis It appears that both Washington and Kiev are still convinced that Russia is preparing a military offensive against Ukraine to happen at some point by the close of January. Despite Western estimates echoed over the past couple months that some 100,000 […]
Oil Is The Wrecking Ball That We All Deserve…
Oil Is The Wrecking Ball That We All Deserve… I’ve been pretty clear on why oil is going higher. If you want a refresher, click here. I’ve also been clear that when oil overshoots, it’s going to create the next Lehman moment. Oil is the wrecking ball that will crush every CUSIP, because the Fed will eventually […]
China Coal Production Hits Record To Avoid Energy Crisis
China Coal Production Hits Record To Avoid Energy Crisis Many of us in the Western world are spending the most ever on electricity bills, forced to eat fake meat, and paying a lot more in taxes for green initiatives. At the same time, China ignores the green revolution by ramping up record coal production in […]
UK energy crisis is a fossil fuel crisis – and gas is the villain
UK energy crisis is a fossil fuel crisis – and gas is the villain New analysis by energy think tank Ember reveals that the skyrocketing price of fossil gas was responsible for 85% of the increase in UK wholesale electricity prices in 2021. In just one year, wholesale electricity prices quadrupled and it became almost five […]
Can’t live with them, can’t live without them: The age of fossil-fuel abundance is dead
Can’t live with them, can’t live without them: The age of fossil-fuel abundance is dead Dwindling investment in oil, gas and coal mean high prices are here to stay For much of the past half-decade, the operative word in the energy sector was “abundance”. An industry that had long sought to ration the production of fossil […]
Canada’s offshore wind resources are huge
Canada’s offshore wind resources are huge Nuclear energy is not the solution to achieving Canada’s emission reduction targets. Offshore wind power is safer, less costly, and carries none of the risks of nuclear technology. Canada’s offshore wind could deliver more energy than nuclear power. The aging CANDU nuclear reactors are being refurbished at substantial cost […]
