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US NatGas Futures Jump As Frigid Weather Set To Swoop Across Country
US NatGas Futures Jump As Frigid Weather Set To Swoop Across Country US natural gas futures bottomed on Oct. 24 after a 50% haircut on warmer weather. In the last two weeks, prices have staged a rally on the prospect of cold weather and tighter supplies. Last Monday, we penned a note titled “US NatGas Spikes […]
Natural gas shortage could lead to power outages during coldest months
Natural gas shortage could lead to power outages during coldest months Joe Nolan, the CEO of Eversource, said a shortage of natural gas poses a serious health and safety threat. HARTFORD, CT (WFSB) – Connecticut and other New England states could be in trouble this winter when it comes to natural gas. Joe Nolan, the […]
NT’s Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline
NT’s Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline The Channel Island power station is the main provider of electricity to the Darwin-Katherine interconnected system.(Supplied: Territory Generation) Production from the offshore field which supplies gas for the Top End’s electricity generation has decreased by nearly 50 per cent this year — raising […]
Europe’s Energy Crisis May Not End Until 2024
Europe’s Energy Crisis May Not End Until 2024 The EU gas storage units are nearly full giving some relief to fears of shortages Challenges remain for the continent’s energy security as winter arrives The challenges will persist into the winter of 2023-24. The worst energy security fears of spring and summer as regards the coming […]
Can Europe Avoid A Worst-Case Energy Scenario This Winter?
Can Europe Avoid A Worst-Case Energy Scenario This Winter? European countries have done most things they feasibly could to fill gas storage units. Overall in the EU, gas storage was 92.37% full as of October 17. Weather will be the determining factor in how fast gas in storage would be depleted, so Europe hopes for […]
Look Before you Eat
Look Before you Eat Preface. This post is a book review of Be Wilson’s Swindled. From Poison Sweets to Counterfeit Coffee – The Dark History of the Food Cheats. With likely world peak oil production in 2018, the price of food will rise relentlessly, since fossil fuels are used to fertilize, plant, harvest, distribute, package, cook, and refrigerate […]
The Era Of Cheap Food And Cheap Gasoline Is Over
The Era Of Cheap Food And Cheap Gasoline Is Over All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming. Throughout our entire lives, we have always been able to depend on a couple of things. There would always […]
Dutch dilemma: What is Europe willing to do for more natural gas?
Dutch dilemma: What is Europe willing to do for more natural gas? Modern global society is steeped in the idea of trade-offs, the notion that one must suffer losses to obtain desired gains. This prepares the way for disingenuous leaders to explain why sacrifices are necessary to reach supposedly exalted goals. Usually those sacrifices are […]
Russian Gas Stops Flowing To Italy After ‘Problem’ In Austria
Russian Gas Stops Flowing To Italy After ‘Problem’ In Austria Russian energy giant Gazprom PJSC suspended natural gas deliveries to Eni SpA, Italy’s largest oil company, on Saturday, reported Bloomberg. “Gazprom informed that it is not able to confirm the gas volumes requested for today, stating that it’s not possible to supply gas through Austria. Therefore, today’s Russian […]
Apparent Sabotage Disables Nord Stream 1 and 2, Cutting Off All Direct Gas Supply to Germany from Russia
Apparent Sabotage Disables Nord Stream 1 and 2, Cutting Off All Direct Gas Supply to Germany from Russia Anonymous German officials appear to acknowledge the strong possibility of American or NATO involvement Yesterday evening, pressure in the undersea Nord Stream 2 pipeline suddenly collapsed, and gas could be seen bubbling to the surface of the Baltic […]
In Dramatic Escalation, European Nat Gas Prices Soar After Gazprom Warns Ukraine Flows At Risk
In Dramatic Escalation, European Nat Gas Prices Soar After Gazprom Warns Ukraine Flows At Risk In a day of constant news surrounding European gas flows, including the potential sabotage of the Nord Stream pipeline, moments ago, Russia state-owned gas giant Gazprom PJSC warned that another major source of gas flows to Europe was at risk, […]
Germany nationalizes its biggest natural gas importer
Germany nationalizes its biggest natural gas importer Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an €8 billion ($7.9 billion) plan to prevent an energy shortage this winter. Europe has been hit by soaring natural gas and electricity prices as a result of Russia’s invasion of Ukraine and its throttling of gas supplies. The German government […]
Germany To Nationalize Struggling Uniper In Deepening Energy Crisis
Germany To Nationalize Struggling Uniper In Deepening Energy Crisis Germany on Wednesday announced a move to nationalize struggling natural gas supplier Uniper SE as it strives to keep the industry functioning in the wake of a global energy crisis, according to Reuters. Uniper is Germany’s largest importer of Russian NatGas and has suffered tremendous losses after Russian energy […]
A Natural Gas Shortage Is Looming For The U.S.
A Natural Gas Shortage Is Looming For The U.S. As natural gas demand around the world breaks new records, U.S. shale producers are struggling to keep up with demand. While natural gas prices in the United States fell after a railway strike was averted last week, it looks likely that prices both at home and […]
