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Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A
Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at RT.com in Moscow asked me to write a Q and A article on what these developments mean, […]
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 […]
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 […]
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 […]
Demand Destruction Has Begun
Demand Destruction Has Begun One month ago, Brent jumped above $100/bbl for the first time in eight years as Russia executed a full-scale invasion of Ukraine, and it became clear that western governments would impose sanctions. The oil market has been in triple digits for practically the entire time since. And, after a month of […]
“Energy Shortages Could Threaten Social Cohesion”: Germany Warns Against Ban On Energy Imports From Russia
“Energy Shortages Could Threaten Social Cohesion”: Germany Warns Against Ban On Energy Imports From Russia At a time when US officials are saying virtually every day that the US is in “active discussions” to ban Russian oil imports, Germany’s economy minister said that while he regrets the country is still dependent on imports from Moscow, […]
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 […]
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 […]
Depleted Gas Stocks Force Europe To Use More Coal
Depleted Gas Stocks Force Europe To Use More Coal With power demand recovering from the pandemic, European utilities are using more coal as natural gas inventories are unusually low for this time of the year due to a cold snap in late winter and early spring. This year, despite the record-high carbon price in Europe, […]
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When”
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When” Secretary of State Mike Pompeo has long vowed he’ll “do everything” to stop Nord Stream 2, last month indicating the US is building a coalition of countries to fight against it, given Washington sees it as a massive compromise to Russia, giving it […]
Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel
Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel It started in mid-February for jet fuel and in mid-March for gasoline. Oil companies are reporting financial fiascos every day: Today Exxon reported its first quarterly loss since 1999 ($610 million), on a “market-related” $2.9 billion write-down. “We’ve never seen […]
Gas Wars in the Mediterranean
Gas Wars in the Mediterranean The unexpected alliance between Turkey and Libya is a geopolitical earthquake that changes the balance of power in the eastern Mediterranean and across the Middle East. Turkey’s audacious move has enraged its rivals in the region and cleared the way for a dramatic escalation in the 9 year-long Libyan civil […]
“Gasmaggedon” Sweeps Over Global Gas Market
“Gasmaggedon” Sweeps Over Global Gas Market China’s state-owned gas importers are considering declaring force majeure on LNG imports, which would amplify the turmoil in global gas markets. LNG prices have already plunged to their lowest levels in a decade in Asia as the ramp up of supply in 2019 came at a time when demand has slowed. […]
Russian Gas Mega-Pipeline To China Goes Online As Putin & Xi Hail Closer Ties
Russian Gas Mega-Pipeline To China Goes Online As Putin & Xi Hail Closer Ties Late Monday Chinese President Xi Jinping and Russia’s Vladimir Putin jointly launched the major unprecedented cooperative project that had been years in the making called the ‘Power of Siberia’ gas pipeline. The China-Russia east-route pipeline is now providing China with Russian natural gas, which according to […]
Getting Real About Green Energy: An honest analysis of what it CAN’T promise
Getting Real About Green Energy: An honest analysis of what it CAN’T promise I want to be optimistic about the future. I really do. But there’s virtually no chance of the world transitioning gently to an alternative energy-powered future. These Are The ‘Good Old Days’ I’m often asked where I stand on wind, solar and […]