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Rolling Blackouts Spread Across Europe Amid Energy Crisis
Rolling Blackouts Spread Across Europe Amid Energy Crisis Europe’s energy crisis worsened this week when Kosovo introduced rolling blackouts to most of its two million citizens, according to Bloomberg. On Thursday, the Kosovo Energy Distribution Services (KEDS) announced rolling two-hour power blackouts for 2 million people due to an “overload” of its electrical grid. KEDS asked […]
The hidden recession of 2020
The hidden recession of 2020 After 20 months of economy-wrecking lockdowns and restrictions, 2019 is fondly remembered as a period of prosperous calm. Memories though, are deceptive. And in the days before we learned what gain-of-function meant, things were not as rosy as they now seem. Although the decade 2009-2019 was officially one of the […]
Blueprints for impossible futures
Blueprints for impossible futures “A People’s Green New Deal” demands a different kind of impossible Over the past two decades, a proliferation of “Green New Deal” literature has promoted various strategies for changing the structure of the global energy system to combat climate change. While the term was first coined by the neoliberal economist Thomas Friedman, […]
#218. The real state of the economy
#218. The real state of the economy A FUNCTIONAL SYNOPSIS As this might be the last article to appear here before the festive season, I’d like to take this opportunity to wish everyone a very merry Christmas and a happy and prosperous New Year, and to thank you for your interest in, and your contributions to, […]
“Prepare for lack of electricity” in 2022 says Foxconn founder
“Prepare for lack of electricity” in 2022 says Foxconn founder Photo by Scott Olson/Getty Images The founder and director of Foxconn, the world’s largest contract manufacturer of electronics, Terry Gou, has said that “there will be a shortage of electricity in the next year.” Gou added that “people should not complain about the future lack of electricity.” […]
“Major Industrial Accident” Reported At Exxon Refinery In Texas
“Major Industrial Accident” Reported At Exxon Refinery In Texas Gasoline futures rose more than a percent early Thursday morning after an explosion was reported at an Exxon/Mobile refinery in Baytown, Texas. The Harris County Sheriff’s Office tweeted, “deputies are on the scene of a major industrial accident at 3525 Decker Dr. in Baytown. The Exxon/Mobile […]
Introduction to Power by Richard Heinberg
Introduction to Power by Richard Heinberg Richard Heinberg’s latest title, Power is an exploration of humanity’s power over nature and the power of some people over others. Power traces how four key elements developed to give humans extraordinary power: tool making ability, language, social complexity, and the ability to harness energy sources — most significantly, fossil fuels. Today, we […]
European Firms Warn “Unbearably High Energy Costs” May Spark Wave Of Production Shutdowns
European Firms Warn “Unbearably High Energy Costs” May Spark Wave Of Production Shutdowns Years of mindless green energy policies across the European continent are about to unleash an economic crisis. Energy-intensive companies are paying “unbearably high energy prices” that may force them to shutter operations. Eleven European associations (from steel to fertilizers to cement to paper mills) […]
The world’s biggest carbon-removal plant just opened. In a year, it’ll negate just 3 seconds’ worth of global emissions.
The world’s biggest carbon-removal plant just opened. In a year, it’ll negate just 3 seconds’ worth of global emissions. ‘Orca,’ Climeworks’ new facility in Iceland, can capture 4,000 tons of carbon dioxide per year. Business Wire via AP The world’s biggest carbon-capture plant – which sucks carbon dioxide out of the air – just opened. A UN […]
UK Natural Gas Prices Hit New High, Trigger “Marketwide Crisis”
UK Natural Gas Prices Hit New High, Trigger “Marketwide Crisis” Update (1120ET): The latest jump in U.K. natural gas prices has been called a “national crisis” by multiple energy firms and industry groups in the country. They’re requesting the government protect customers and suppliers as critical Russian gas flows into Europe plunge, nuclear outages in France, and cold […]
“The dream of a smooth energy transition is little more than a comforting shared illusion” – Pt. 1 of 2
“The dream of a smooth energy transition is little more than a comforting shared illusion” – Pt. 1 of 2 Moreover, says Dr. William Rees, even if it were possible, it would not solve climate change and would exacerbate the real existential threat facing society, namely overshoot. — William Rees “Climate-change and other environmental organizations urge governments […]
Energy Crisis Great Reset
Energy Crisis Great Reset This week, Steve St. Angelo of SrSRocco Report joins Dave Russell of GoldCore TV to discuss the Energy Cliff and its implications on the future economy and asset values. And why he invests in precious metals because of these energy dynamics.
In Brief: Fracking back, new weather warnings, lockdown by any other name
In Brief: Fracking back, new weather warnings, lockdown by any other name Fracking back Anti-fracking campaigners like to flatter themselves by claiming that it was their protests which finally brought UK fracking to an end. The reality though, is that the price at which UK shale gas might be recovered was far higher than the […]
The UK energy rationing plan
The UK energy rationing plan The establishment media are suspiciously silent about the energy crunch facing Europe in general and the UK in particular. In October, when the wholesale gas price spiked at 400 percent above its January 2021 level, energy prices were headline news. So too was the sight of energy supply companies falling […]
Russia Reluctant To Boost Gas Flows As Cold Snap Hits Europe
Russia Reluctant To Boost Gas Flows As Cold Snap Hits Europe Natural gas exports from Russia via the Yamal-Europe pipeline will remain limited at the start of this week as true winter begins and Russia keeps more gas for domestic consumption, with maximum temperatures in Moscow dipping below zero. Bloomberg reports that after booking limited transit space […]
