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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 […]
Europe’s Permanent Energy Crisis Gets Worse
Europe’s Permanent Energy Crisis Gets Worse The pipeline explosions I wrote about last week were neither a beginning nor an end to Europe’s economic woes. The “invisible scissors” cutting all ties between Europe and the rest of Eurasia were already active since months — if not years — and did not stop for a minute ever […]
Humanity’s Biggest Crisis Since WW2?
Humanity’s Biggest Crisis Since WW2?
Lights out, ovens off: Europe preps for winter energy crisis
Lights out, ovens off: Europe preps for winter energy crisis An employee pushes bread rolls into one of the gas heated ovens in the producing facility in Cafe Ernst in Neu Isenburg, Germany, Monday, Sept. 19, 2022. Andreas Schmitt, head of the local bakers’ guild, said some small bakeries are contemplating giving up due to […]
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 […]
Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills
Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills Prime minister to lead nation in a minute’s silence to honour the Queen’s legacy ahead of funeral. Liz Truss is facing a political and economic baptism of fire this week with warnings of mass bankruptcies across the economy – even as […]
Energy Shock
ENERGY SHOCK The world is in energy shock. European imported coal prices increased 421% before Russia invaded Ukraine. German electric power price increased 518%. European natural gas jumped 765% and Asian spot LNG, 957%. Since then, it’s gotten even worse. U.K. natural gas futures price has increased +$99.86 (+574%) from $17.41 to $117.27 per mmBtu […]
IMF Chief: Harsh Winter May Spark Social Unrest In EU Amid Energy Crisis
IMF Chief: Harsh Winter May Spark Social Unrest In EU Amid Energy Crisis A number of countries in Europe may experience social unrest if the upcoming winter is harsh amid an economic crisis, the head of the International Monetary Fund (IMF) warned on Wednesday. “There is certainly fear of recession in some countries, or even if it is not […]
Europe Is Facing Energy Disaster And It’s Going To Bleed Over Into The US
Europe Is Facing Energy Disaster And It’s Going To Bleed Over Into The US Though the situation is ever changing, currently the Russian government has announced an official shutdown of ALL natural gas exports to Europe through the Nord Stream 1 pipeline and plans to maintain the shutdown until the EU ends its economic sanctions over the […]
Dead of Winter
Dead of Winter “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger In the United Kingdom, a grassroots protest movement has broken out in response to the ongoing energy crisis. With the bill from its failed national policies coming due, ordinary citizens are organizing campaigns to ensure they are […]
“Widespread Civil Unrest” Looming in UK Over Cost of Living Crisis
“Widespread Civil Unrest” Looming in UK Over Cost of Living Crisis Movement to stop paying bills snowballs. SOPA Images via Getty Images The chance of “widespread civil unrest” occurring in the UK as a result of people being unable to afford to pay their bills due to the cost of living crisis is “inevitable,” according […]
Bigger than you can imagine
Bigger than you can imagine One of the problems with claims that our situation is “just like the 1970s,” is that very few adults of the period are still around to share the memory. Those of us who were children at the time have only memories distorted through the lens of childhood innocence. I, for […]
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns The bullish narrative for oil markets builds as the head of the International Energy Agency (IEA) and a new Organization of the Petroleum Exporting Countries (OPEC) report, all separately, warned Tuesday about a further global squeeze on energy supplies. IEA Executive Director Fatih Birol told the audience at a […]
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 […]
