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Putin: Oil Sanctions Will Be Europe’s “Economic Suicide” On Orders From “American Overlords”
Putin: Oil Sanctions Will Be Europe’s “Economic Suicide” On Orders From “American Overlords” Russian President Vladimir Putin announced that EU countries are committing “economic suicide” by refusing Russian energy resources amid a push to impose an oil embargo, but which has been thus far blocked by Russian energy-dependent Hungary and a handful of others. As quoted in […]
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns As we detailed yesterday, almost two months after Europe rushed to declare it would impose unprecedented sanctions on Russia in response to Putin’s invasion of Ukraine with no regard for how such sanctions would boomerang and cripple its own economies, the old continent which […]
European Natural Gas Prices To Triple In “Perfect Storm”
European Natural Gas Prices To Triple In “Perfect Storm” A top commodity research firm in Norway warns a “perfect storm” is brewing as European energy security worsens following Russia’s invasion of Ukraine, which could result in the tripling of natural gas prices. “There simply is not enough LNG around to meet demand. In the short term, […]
Europe May Face LNG Crisis This Winter
Europe May Face LNG Crisis This Winter Rush to wean off Russian gas has made European consumers highly vulnerable to LNG price shocks. Global LNG demand outstrips supply in 2022. New LNG projects are unlikely to provide relief until 2024. A liquified natural gas (LNG) crisis is brewing for European countries dealing with energy insecurity […]
You Are Not Real
You Are Not Real Shakespeare’s famously gory “Titus Andronicus” is replete with violence, including fourteen deaths. Yet it continues to be performed, and audiences continue to sign up for a frisson of fear and pity, because this is not real. After the play, the actors get up, wash off the fake blood, and join the […]
Ukraine war: World Bank warns of ‘human catastrophe’ food crisis
Ukraine war: World Bank warns of ‘human catastrophe’ food crisis IMAGE SOURCE,GETTY IMAGES The world faces a “human catastrophe” from a food crisis arising from Russia’s invasion of Ukraine, World Bank president David Malpass has said. He told the BBC that record rises in food prices would push hundreds of millions people into poverty and […]
3 Factors Which Are About To Make The Coming Food Shortages Even Worse
3 Factors Which Are About To Make The Coming Food Shortages Even Worse A confluence of circumstances has come together to create a “perfect storm” for global food production, and now that “perfect storm” is about to get even worse. For months I warned that this crisis was coming, and in recent weeks I have […]
Europe To Cap Potash Imports As Planting Season Begins
Europe To Cap Potash Imports As Planting Season Begins The EU is expected to deliver another shock to its agricultural sector by capping Russian imports of potash, a crucial ingredient for growing food, according to Bloomberg, citing a Dow Jones report. The European Commission is expected to imminently unveil broad new sanctions on Russia. Much of […]
Why Renewables Can’t Solve Europe’s Energy Crisis
Why Renewables Can’t Solve Europe’s Energy Crisis Europe has been aggressively pursuing a clean energy future and the end of fossil fuels, but Russia’s invasion of Ukraine has highlighted the shortcomings of renewables. The soaring prices of key metals and the length of time it takes to implement renewable energy projects have meant Europe is […]
EU Pushes To Break “Energy Taboo” With Proposed Ban On Russian Coal Imports
EU Pushes To Break “Energy Taboo” With Proposed Ban On Russian Coal Imports Update (0825ET): As EU ambassadors meet on Tuesday to discuss another proposal on Russian sanctions, German Foreign Minister Annalena Baerbock insisted that the EU would “completely end” its fossil fuel dependence on Russia, starting with coal. Of course, as we noted below, Germany […]
Gazprom Halts Gas Shipments To Europe Via Critical Pipeline
Gazprom Halts Gas Shipments To Europe Via Critical Pipeline After European nations imported the most gas from Russian sources yesterday in months, scrambling to stock up on supplies as Russian President Vladimir Putin’s deadline to either pay for gas in rubles (or be cut off) came and went, Russian gas giant Gazprom has officially halted all deliveries to […]
Desperation And Austerity Hit Global Energy Markets
Desperation And Austerity Hit Global Energy Markets We are starting to see the makings of energy curtailments in Europe – an exceedingly unpopular step that governments would be unlikely to take if there were any other choice, highlighting the acute desperation that exists over oil and gas supplies. Another signal of this desperation is Biden’s […]
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles Now that Moscow has doubled down on its demands that its European “partners” pay for its oil and gas in rubles instead of euros (which, as the bloc already demonstrated, can be easily confiscated in the name of “sanctions”), the German government is digging […]
