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Tag Archives: economic sanctions
European Power Prices Spike As Heat Dome Strains Grid
European Power Prices Spike As Heat Dome Strains Grid European day-ahead power prices continue to soar for the third day due to an early-season heat wave driving up cooling demand, lack of renewable energy generation, declining nuclear power, and soaring natural gas costs. Large swaths of Europe over the weekend experienced temperatures above 100 degrees Fahrenheit (38 Celsius). The […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Pitchforks soon in Europe?
Pitchforks soon in Europe? Dear Europeans For your own children´s sake — on my knees and with my saddened eyes humbly looking downwards — I beg of you to please stop the current self-destructive nonsense dead in its tracks by immediately demanding from your political class to import the bloody Russian oil normally once again […]
Crazy Pills
Crazy Pills “It’s not denial. I’m just selective about the reality I accept.” – Bill Watterson In the brilliantly funny 2001 film Zoolander, Ben Stiller plays a past-his-prime male model named Derek Zoolander. As the plot unfolds, Zoolander is unknowingly groomed and brainwashed by evil fashion designer Jacobim Mugatu (played by Will Ferrell) to assassinate the […]
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 […]
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 […]
An Economic ‘Atomic Bomb’: Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo
An Economic ‘Atomic Bomb’: Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo The European Union’s ban on Russian oil is in jeopardy Friday after Hungary’s Prime Minister Viktor Orban rejected proposals as too costly and too swift for the country to implement, marking a potentially lethal blow to the bloc’s plans to wean […]
Will We Have Food Shortages In America?
Will We Have Food Shortages In America? Aerial shot of a milling tractor (Tom Fisk/Pexels). Higher Food Prices And Shortages? Our system has been betting on higher food prices since earlier this year, and of course the war in Ukraine has put upward pressure on food an energy. But now one of our Twitter correspondents […]
NATO Sanctions and the Coming Global Diesel Fuel Disaster
NATO Sanctions and the Coming Global Diesel Fuel Disaster Amid the ongoing global inflation crisis, NATO heads of state and mainstream media repeat a mantra that high energy prices are a direct result of Putin’s actions in Ukraine since end of February. The reality is that it is the western sanctions that are responsible. Those […]
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 […]
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 […]
The Dollar Dethroned: We Have Reached The End Of Monetary Policy As We All Once Knew It
The Dollar Dethroned: We Have Reached The End Of Monetary Policy As We All Once Knew It And the world hasn’t even noticed yet. People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades. […]
“Fertilizer Is Out Of Control” – US Farmers Ditch Corn For Soy To Save On Costs
“Fertilizer Is Out Of Control” – US Farmers Ditch Corn For Soy To Save On Costs Fertilizer prices are at record highs following Russia’s invasion of Ukraine puts massive pressure on American farmers to transition to crops that need less fertilizer. A Bloomberg survey found that farmers will plant 2 million more acres of soybeans and about […]
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 […]
