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The European Energy Crisis Is About To Go Global
The European Energy Crisis Is About To Go Global It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains and a rush to cut investment in fossil fuels. The energy crunch that began in Europe […]
Skyrocketing Energy Prices Could Cripple Europe’s Economy
Skyrocketing Energy Prices Could Cripple Europe’s Economy Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to deal a blow to the post-COVID recovery in European economies with a triple whammy of reduced consumer purchasing power, lower industrial production, and higher operating costs. […]
Europe’s Soaring Natural Gas Prices To Persist For “Weeks To Come,” IEA Warns
Europe’s Soaring Natural Gas Prices To Persist For “Weeks To Come,” IEA Warns IEA Executive Director Fatih Birol delivered some unwelcoming news for commercial and residential natural gas buyers during an interview on Bloomberg TV Friday morning. He said European natural gas prices might push higher in the coming weeks as the heating season begins. “We may still […]
Record-Breaking Energy Prices Could Soar Even Higher In Europe
Record-Breaking Energy Prices Could Soar Even Higher In Europe The European electricity market is in crisis as a perfect storm is driving up prices to ever greater heights. The timing couldn’t have been worse as countries across the continent are reopening and energy demand is rising. Most signs point towards the likely continuation of the […]
Nord Stream 2 Pipeline Fully Completed – Russia Celebrates ‘Failure’ Of US Efforts To Stop It
Nord Stream 2 Pipeline Fully Completed – Russia Celebrates ‘Failure’ Of US Efforts To Stop It Russia’s state-controlled gas giant Gazprom has announced on Friday it has completed construction on the Nord Stream 2 Russia-to-Germany gas pipeline that the United States has long warred against through sanctions leveled by the Trump and Biden administrations. “Chairman […]
Europe Needs Nord Stream 2 More Than It Likes To Admit
Europe Needs Nord Stream 2 More Than It Likes To Admit When construction began on the second Nord Stream pipeline that was going to double the volume of natural gas ships to Europe—most of it to Germany—the European Union wasted no time in voicing its opposition to more Russian gas. Led by Ukraine, which fears […]
Eurozone finances have deteriorated
Eurozone finances have deteriorated Despite negative interest rates and money printing by the European Central Bank, which conveniently allowed all Eurozone member governments to fund themselves, having gone nowhere Eurozone nominal GDP is even lower than it was before the Lehman crisis. Then there is the question of bad debts, which have been mostly shovelled […]
Southeastern Europe Devastated By Wildfires
Southeastern Europe Devastated By Wildfires A dangerous heat wave is ravaging parts of southeastern Europe resulting in wildfires across Turkey, Greece, and Italy, according to VOA News. Firefighters across the European Union arrived in Turkey on Monday. The wildfires have burned for at least one week as political opposition mounts against President Recep Tayyip Erdogan for his sluggish […]
Some inconvenient questions. Open letter to the politicians responsible for the Ecological Transition, in Spain and in Europe
Some inconvenient questions. Open letter to the politicians responsible for the Ecological Transition, in Spain and in Europe (First published at the author’s blog. Translated with permission by Amelia Burke / Fabricants de Futur.) Dear Ladies and Gentlemen: I am writing to you with the intention of raising a series of relevant questions regarding the current […]
Is a Revolution Coming?
Is a Revolution Coming? We have an amazing number of readers in France, and I want to thank everyone for all the emails documenting what is going on. Anyone who takes videos of protests in the future I have no problem sharing them for the world to see. The details of what moves people to […]
Protesters Rage Across Europe As Lockdown, Vaccination Mandates Begin
Protesters Rage Across Europe As Lockdown, Vaccination Mandates Begin Update (19115ET): Anti-lockdown protests kicked into high gear around the globe on Saturday, including irate Irish protesters: Bitter Brits: Pissed-off Parisians: And incensed Italians, where the country has restricted public access to restaurants and museums to the unvaccinated. This is what it looked like today in Australia, Milan, London, […]
Gates & Schwab Control Europe
Gates & Schwab Control Europe I have warned from the outset that the entire COVID Pandemic has been created. The idea of COVID Passports is to reduce travel to cut CO2. Ursula von der Leyen, the head of the EU, was also a board member of the World Economic Forum. So is the head of […]
German Ambassador Seconds Putin’s Fiery NS2 Remarks: “European Energy Policy Not Determined By Foreigners”
German Ambassador Seconds Putin’s Fiery NS2 Remarks: “European Energy Policy Not Determined By Foreigners” The day after Putin announced the completion of the first leg of the Russia-to-Germany natural gas pipeline Nord Stream 2, declaring that essentially Washington’s best efforts to halt it via an avalanche of sanctions have been defeated, Germany appears to have seconded his assessment. […]
From the Notebook: A Critical Shift in the War for Oil
From the Notebook: A Critical Shift in the War for Oil Davos really do think they are too clever by half. Despite prognostications to the contrary, negotiations with Iran over a new JCPOA are nearing completion which Biden/Obama will sign off on after putting up a bit more token resistance to lifting sanctions. Why do […]
Turning Out the Light When the Bankers Leave Town
Turning Out the Light When the Bankers Leave Town I have written before how a friend of mine who is very senior at one of the investment banks in New York called to see if I would go to dinner. I thought he was here in Florida to catch a breath of fresh air and […]
