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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 […]
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 […]
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, […]
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 […]
Three Illuminating Quotes About The War In Ukraine
Three Illuminating Quotes About The War In Ukraine Listen to a reading of this article: ❖ Noam Chomsky, John Pilger, and Chris Hedges have lent their expertise to the subject of the war in Ukraine with some recent comments that help bring some much-needed clarity to an often confusing and always contentious issue. Here they […]
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut An employee walks across the top of an oil storage tank at an oil field near Salym, Russia. Source: Bloomberg Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. […]
Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head
Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head Germany’s Economic Minister Robert Habeck speaks to press in Dusseldorf, Germany. Roberto Pfeil – Pool/Getty Images Germany’s top union official said entire industries could collapse due to Russia’s natural-gas cuts. Europe’s largest economy is heavily reliant on natural gas piped in from […]
France Sees Nuclear Energy Output Plummet At The Worst Possible Moment
France Sees Nuclear Energy Output Plummet At The Worst Possible Moment France, the European Union’s leader in nuclear energy, is seeing a massive decline in output. Though it has been relatively unfazed by the bloc’s ongoing energy crisis, declining nuclear production could pose a significant problem in the coming months. The collapse of French nuclear […]
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 […]
Oil Likely To Hit $200: SEB Group
Oil Likely To Hit $200: SEB Group Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB Group. Bjarne Schieldrop, SEB analyst, said on Wednesday in no uncertain terms that the G7’s price capping proposal […]
IEA: Europe Will Have To Cut Gas Usage By Nearly One-Third
IEA: Europe Will Have To Cut Gas Usage By Nearly One-Third In the first quarter of next year, the countries of the European Union will have to cut their usage of natural gas by up to 30% in preparation for a complete stoppage of Russian gas flows, according to the International Energy Agency (IEA). IEA […]
Germany Fears Russia Could Shut Nord Stream 1 Within Weeks
Germany Fears Russia Could Shut Nord Stream 1 Within Weeks The European Union has this week accused Russia of planning “rogue moves” regarding lowering natural gas flows to Europe, or in other words continuing to ‘weaponize’ its energy, to which the Kremlin has consistently responded with variations of ‘our gas, our rules’. This after Moscow has reduced Nord Stream […]
Germany Elevates Risk Level In Its “National Gas Emergency Plan” To Second-Highest “Alarm” Phase
Germany Elevates Risk Level In Its “National Gas Emergency Plan” To Second-Highest “Alarm” Phase European natural gas and power prices surged after Germany triggered the “alarm stage” of its NatGas-emergency plan amid reductions in supplies from Russia, according to Reuters. German Economy Minister Robert Habeck said Europe’s largest economy is in a severe energy crisis. He warned Germany […]
IEA: Europe Should Prepare For Complete Russian Gas Shutdown
IEA: Europe Should Prepare For Complete Russian Gas Shutdown IEA chief Birol said that Europe should prepare for a complete suspension of Russian gas supplies. Birol advised European governments to keep nuclear power stations running and take other contingency measures. Germany, Austria, and the Netherlands are restarting coal power plants. Europe should prepare for a […]
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 […]
