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“No Extra Gas Booked” – European Gas Prices Surge After Putin Punks Freezing Continent
“No Extra Gas Booked” – European Gas Prices Surge After Putin Punks Freezing Continent In late October, the market rejoiced and nat gas prices puked (even as we warned this was just the latest joke the Kremlin was playing at gullible Europe’s expense) after news that Russian President Vladimir Putin had asked Gazprom to “gradually” raise volumes […]
Conflict In North Africa Threatens Gas Supply To Europe
Conflict In North Africa Threatens Gas Supply To Europe A diplomatic crisis between Morocco and Algeria threatens gas supply to Spain Spain considers importing more (expensive) LNG Algeria faces a number of problems in expanding its gas market share in Europe European natural gas supplies are not only waning because of lower Russian supply. Brussels, […]
The Next European War
The Next European War The notion that history has nothing to teach us is one of the most pervasive beliefs in modern industrial society. It’s also one of the most misguided. Sure, we’ve got all these shiny new technological trinkets, and we love to insist to ourselves that this means we’re constantly breaking new ground […]
The Nord Stream 2 Pipeline Delay
The Nord Stream 2 Pipeline Delay (Nord Stream Pipeline) European Union leaders are scrambling for solutions to the energy crisis, but their feared friend from the East has reminded them that a solution exists. According to the Associated Press, gas prices in the EU have spiked to 95 euros from about 19 euros per megawatt-hour in […]
Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas
Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas Russia could immediately increase natural gas deliveries to Europe as soon as German authorities approve the Nord Stream 2 pipeline, the Financial Times reports, citing President Vladimir Putin as saying gas can be delivered “the day after tomorrow” if approval is granted “tomorrow”. Putin […]
Erdogan Declares 10 Western Ambassadors ‘Persona Non Grata’
Erdogan Declares 10 Western Ambassadors ‘Persona Non Grata’ Turkish President Tayyip Erdogan said on Saturday he’s now given the orders to declare 10 Western ambassadors persona non grata “as soon as possible” – however it’s unclear whether this means they’ll be forced to leave the country. “I told my foreign minister to declare these 10 ambassadors as persona […]
Winter Is Coming: Russia Signals No Extra Gas For Europe Without Nord Stream 2
Winter Is Coming: Russia Signals No Extra Gas For Europe Without Nord Stream 2 The big picture was clear to anyone who bothered to keep their eyes open: back in August, when we first reported that Russian supplies of nat gas via the Yamal pipeline had collapsed and when the first stirrings of the upcoming […]
There is No Getting off Europe’s Elevator to Hell
There is No Getting off Europe’s Elevator to Hell The European Union has been, in the immortal words of Private Hudson from Aliens, “… on an express elevator to hell, going down,” for a long time now. From the day of then ECB President Mario Draghi’s “We will do whatever it takes” speech in July 2012 to […]
After Rapid-Fire “Blame Putin” Headlines, European Commission Quietly Affirms Russia Is Not Manipulating Gas Market
After Rapid-Fire “Blame Putin” Headlines, European Commission Quietly Affirms Russia Is Not Manipulating Gas Market Putin earlier this week batted down as “utter nonsense” widespread accusations among Western media pundits that Europe’s energy crisis is due to the Kremlin using gas as a ‘geopolitical weapon’. It now appears the European Commission is quietly agreeing with him. This as […]
EU fails to reduce dependency on fossil fuels amid soaring energy bills
EU fails to reduce dependency on fossil fuels amid soaring energy bills, As the global energy crisis intensifies, the EU is renewing its commitment to fossil fuels instead of investing in green energy European Commissioner for Energy Kadri Simson speaks about European solutions to the rise of energy prices for businesses and consumers at the […]
Europe’s gas price surge is about to hit you in the belly
Europe’s gas price surge is about to hit you in the belly Soaring fertilizer prices are set to push up the price of food. With the price of fertilizer increasing, food prices will follow | Chandan Khanna/AFP via Getty Images Voiced by Amazon Polly LUXEMBOURG — It’s not just your heating bill that risks going up thanks […]
Lies, Lies & More Lies from the Financial Press
Lies, Lies & More Lies from the Financial Press COMMENT: Marty; the Fed quietly published the banks it was funding in the Repo Crisis. I just wanted to say, you are always right. The press claimed it was tax time, but you said it was the crisis in European banks. Your sources are always spot on. […]
Is America Doomed To Replicate Europe’s Energy Crisis?
Is America Doomed To Replicate Europe’s Energy Crisis? What is happening in Europe—including the UK, by the way, one of the most active energy transitioners—right now is a cautionary tale of magnificent proportions. Europe was in no particular rush to top up its gas reserves at the time, and neither was Asia. The quick deterioration […]
Is this peak gas?
Is this peak gas? The recent, spectacular increase in the price of gas has created a sense of crisis not seen outside the financial sector since the early 1980s. In Europe in general and the UK in particular, it has begun to expose the folly of having an economy entirely dependent upon imports; including imports […]
An energy crisis is gripping the world, with potentially grave consequences
An energy crisis is gripping the world, with potentially grave consequences How China and Europe are catching the brunt of it The cooling towers at the coal-fired NTPC Ltd. Dadri Power Plant in Uttar Pradesh, India. The country, which relies on coal for about 70 percent of electricity generation, has already seen signs of power […]
