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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 […]
No one will win in the Russia-Ukraine conflict
No one will win in the Russia-Ukraine conflict Most people have a preconceived notion that there will be a clear winner and loser from any war. In their view, the world economy will go on, much as before, after the war is “won” by one side or the other. In my view, we are basically […]
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles Update(9:01ET): Russia on Monday has issued a firm and unyielding response to G-7 ministers who had dismissed as “unacceptable” its plan to only accept ruble payments for Russian gas going to “unfriendly” nations. Earlier Monday German Economy Minister Robert Habeck […]
Rationing Looms As Diesel Crisis Goes Global
Rationing Looms As Diesel Crisis Goes Global Russian refiners cut processing rates of diesel fuel. Already tight diesel supply is getting even tighter. Vitol’s chief executive Hardy: diesel supply shortage could trigger rationing in Europe Earlier this week, Vitol’s chief Russell Hardy warned that a diesel shortage could trigger fuel rationing in Europe. Now, those […]
Nightmare Scenario: Operational Miscalculations Could Trigger Nuclear War
Nightmare Scenario: Operational Miscalculations Could Trigger Nuclear War Since Russia’s invasion of Ukraine on Feb. 24, Defense Secretary Lloyd Austin and Gen. Mark A. Milley, the Chairman of the Joint Chiefs of Staff, have tried to set up phone calls with Defense Minister Sergei Shoigu and Gen. Valery Gerasimov but the Russians “have so far declined […]
“Stock-Outs” Begin: Austrian Energy Giant Limits Diesel Spot Sales Until Further Notice
“Stock-Outs” Begin: Austrian Energy Giant Limits Diesel Spot Sales Until Further Notice Earlier this week, we quoted the heads of some of the world’s biggest independent energy trades, who spoke at the FT Commodities Global Summit in Lausanne, Switzerland and unveiled a dire forecast for the diesel market: “The thing that everybody’s concerned about will be diesel […]
“Gas Stations Will Run Dry”: Catastrophic Scenario For Diesel Emerging According To World’s Biggest Energy Traders
“Gas Stations Will Run Dry”: Catastrophic Scenario For Diesel Emerging According To World’s Biggest Energy Traders While the world has been obsessively focused on crude oil and gasoline in recent weeks, we instead alerted readers to a far more dire scenario playing out in diesel, a source of energy which is absolutely critical in keeping […]
World War III is here, but it’s not what we expected
World War III is here, but it’s not what we expected Movies and books have often portrayed World War III as either the final chapter of the human epoch or as a new but primitive restart for those who survive the nuclear conflagration. We cannot know if such prophesies will ultimately come true. For now […]
The end of fiat hoving into view…
The end of fiat hoving into view… Tragic though the situation in Ukraine has become, the real war which started out as financial in character some time ago has now become both financial and about commodities. Putin made a huge mistake invading Ukraine but the West’s reaction by seeking to isolate Russia and its commodity […]
European NatGas Jumps 64% As Chance Of Russian Energy Ban Ignites Mayhem
European NatGas Jumps 64% As Chance Of Russian Energy Ban Ignites Mayhem European natural gas futures soared Monday after reports the Biden administration was considering curbs on Russian crude imports sent shock waves across commodity markets. Brent surged to $137/bbl and quickly pared gains to trade near $125/bbl around 0630 ET. The focus is European […]
Further Down the Road
Further Down the Road How crises accelerate the process of decline Will it fall this time…? Image source: Unsplash I’ve always encouraged my readers to take a broader look on the shape of things to come — and to look beyond well curated political narratives. What rarely fits into these stories, is the vital role energy […]
Food Crisis Imminent: Hungary Bans All Grains Exports Effective Immediately
Food Crisis Imminent: Hungary Bans All Grains Exports Effective Immediately (Update 1:25pm ET) – Those who have it, are no longer giving it away, and those that don’t will soon find themselves in the middle of an epic food crisis. Just hours after we reported that Russia effectively banned exports of fertilizers, moments ago Hungary – […]
Zelensky Urges Biden To Impose No-Fly Zone Over Ukraine; Turkey Shuts Straits To All Warships
Zelensky Urges Biden To Impose No-Fly Zone Over Ukraine; Turkey Shuts Straits To All Warships Update(1845ET): Ukraine’s President Zelensky has urged the West to consider imposing a no-fly zone against Russian aircraft. Zelensky on Monday appealed directly to Joe Biden to consider a no-fly zone for “significant parts” of Ukraine. The Ukrainian leader issued the statement in an exclusive […]
