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Germany’s Uniper Warns Of Possible “Irregular Operation” At Major Power Plant As Rhine River Runs Dry

Germany’s Uniper Warns Of Possible “Irregular Operation” At Major Power Plant As Rhine River Runs Dry Germany’s Uniper SE, the country’s largest utility (recently bailed out by state-owned lender KfW), warned Thursday that plunging water levels on the Rhine River have reduced barge shipments of coal to a key power plant, exacerbating an energy crunch as power […]

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Israel’s War On Cash Is About To Get More Drastic

Israel’s War On Cash Is About To Get More Drastic Starting Monday, it will be a criminal offense in Israel to pay more than the equivalent of $1,700 in cash to a business or $4,360 in cash to individual, as the government intensifies its ongoing war on tangible money. It’s a war that began in earnest […]

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What Happens If The Fed Doesn’t Capitulate On Interest Rates?

What Happens If The Fed Doesn’t Capitulate On Interest Rates? In the past stock markets used to rely on the innovation and profit reports of individual companies, and while there were sometimes all encompassing events that would push equities in one direction or another, in the last decade there has been only one factor that ever really […]

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EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High

EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High European natural gas futures extended gains by 12% after Russian state-owned energy producer Gazprom PJSC unexpectedly announced it would halt a Nord Stream 1 turbine at its Portovaya compressor station from Wednesday. Simultaneously, US NatGas futures have spiked to 14-year highs. […]

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Panama’s Inflation Upheaval Causing Food, Fuel Shortages

Panama’s Inflation Upheaval Causing Food, Fuel Shortages It started as a teacher’s strike to protest the high cost of gas, but it’s now the largest civil unrest in Panama since the end of dictator Manuel Noriega’s reign in 1989.  With fiery roadblocks disrupting commerce and causing shortages of food, fuel and other supplies, the Panamanian government has […]

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Germany’s Energy Crisis About To Get Even Worse As Rhine Water Levels Plummet

Germany’s Energy Crisis About To Get Even Worse As Rhine Water Levels Plummet What has already been a year from hell for Germany, which is suffering energy hyperinflation as a result of Europe’s sanctions on Russia, and which is “facing the biggest crisis the country has every had” according to the president of the German […]

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Gazprom Reportedly Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely

Gazprom Reportedly Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely Already days before the July 22 European “Doomsday” when the scheduled Russian 10-day maintenance of the crucial Nord Stream pipeline to Germany is slated to end – but which was thrown into deep doubt given Gazprom recently said it can no longer guarantee its “good […]

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After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity

After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity After Joe Biden’s red carpet fist bump with the “pariah” it appears Crown Prince Mohammed bin Salman got what he wanted – namely the necessary optics of being deemed “back in” with Washington and having his blood stained reputation rehabilitated on a global stage, signaling […]

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German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage

German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage Dear Biden administration: for an example of a real emergency that justifies draining a commodity reserve – and not just midterm elections which Democrats will lose in a historic rout – read on. German energy giant and distressed nat gas utility Uniper, […]

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Deutsche Bank Now Modeling German Households Chopping Wood To Keep Warm This Winter

Deutsche Bank Now Modeling German Households Chopping Wood To Keep Warm This Winter Yesterday we reported that just in case the world didn’t have enough things to worry about, it is now also petrified about Europe’s potential “doomsday” on July 22 when Putin will decide the fate of the continent: if he resumes gas flows along the […]

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US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month

US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month With The White House having desperately tried to front-run this morning’s inflation print, analysts were expecting a jump higher led by food and energy costs. They were right in direction but it was way worse as the headline CPI soared 9.1% […]

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Is Saudi Oil Production At Capacity?

Is Saudi Oil Production At Capacity? Use it or lose it – this principle might apply to Saudi Arabia’s oil production capacity that is now eyed by the Western world to fill the Russia-sized gap in supply left behind by embargoes. However, as Statista’s Katharina Buchholz details below, Saudi Arabia in the past three years only approached its declared […]

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Norwegian Strikes Could Sever NatGas Supplies To UK 

Norwegian Strikes Could Sever NatGas Supplies To UK  The European energy crunch is set to worsen this week after Norwegian offshore oil and gas workers went on strike, threatening to sever the Scandinavian country’s energy supplies to the UK and Europe, according to Reuters. As much as 1,117,000 barrels of oil equivalent, or 56% of daily […]

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33 Problems With Media In One Chart

33 Problems With Media In One Chart One of the hallmarks of democratic society is a healthy, free-flowing media ecosystem. In times past, that media ecosystem would include various mass media outlets, from newspapers to cable TV networks. Today, the internet and social media platforms have greatly expanded the scope and reach of communication within […]

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Dutch Farmers Livid Over EU’s ‘Green’ Nitrogen Rule Block Border Between Holland And Germany

Dutch Farmers Livid Over EU’s ‘Green’ Nitrogen Rule Block Border Between Holland And Germany Thousands of tractor-driving Dutch protesters came out this week to continue demonstrations against the government’s radical plan to cut nitrogen emissions by 30% – 70% as part of their ‘green’ agenda. Farmers from the world’s 5th largest exporter of food are demanding that the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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