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Norway’s Top Energy Exec Warns EU’s Supply Crunch Won’t Be Solved With Price Caps
Norway’s Top Energy Exec Warns EU’s Supply Crunch Won’t Be Solved With Price Caps EU energy commissioner Kadri Simson said Wednesday that natural gas price caps could limit excessive price spikes but only if countries give Brussels the power to impose such a measure. Norway’s top energy firm responded to the proposal in an interview […]
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 […]
“This Is A Perfect Storm” – EU Leader Warns Of “Black Swans” Everywhere, Says ‘Propaganda Is Our Battlefield’
“This Is A Perfect Storm” – EU Leader Warns Of “Black Swans” Everywhere, Says ‘Propaganda Is Our Battlefield’ “This is a perfect storm,” exclaims European Commission Vice President Josep Borrell in his opening speech to EU Ambassadors this week. Having noted previously his warnings to The Fed that it is “bringing us to a world recession,” Borrell went considerably […]
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 […]
IEA Head Warns “Wild West” Energy Scenario Could Unravel Europe
IEA Head Warns “Wild West” Energy Scenario Could Unravel Europe The unity of EU member states could be in jeopardy as a dark winter fast approaches set to trigger a ‘continental scramble’ for energy resources. European countries would be in a “wild west scenario” in their attempt to pursue energy security which would result in […]
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 […]
This Winter, Europe Plunges Into “The New Dark Ages”
This Winter, Europe Plunges Into “The New Dark Ages” Could you imagine being sent to prison for three years if you dared to set your thermostat above 66 degrees Fahrenheit? As you will see below, this is a proposed regulation that is actually being considered in a major European country right now. If you have not […]
The EU’s Crisis Is Global: Neocolonialism, Hyper-Financialization and Hyper-Globalization Come Home to Roost
The EU’s Crisis Is Global: Neocolonialism, Hyper-Financialization and Hyper-Globalization Come Home to Roost The EU’s crisis isn’t limited to energy. It is a manifestation of the global breakdown of Neocolonialism, Financialization and Globalization. The European Union (EU) was seen as the culmination of a centuries-long process of integration that would finally put an end to the […]
Nobody could have seen it coming
Nobody could have seen it coming Eighteen months ago, the UK average annual combined gas and electricity bill was £1,287. Later this week, we expect to learn that it will rise to £3,582 in October and to £4,266 in January 2023. Not, in reality, that anybody is going to pay that amount. All but those […]
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 […]
“How In The Name Of God”: Shocked Europeans Post Astronomical Energy Bills As ‘Terrifying Winter’ Approaches
“How In The Name Of God”: Shocked Europeans Post Astronomical Energy Bills As ‘Terrifying Winter’ Approaches Over the past week, shocked Europeans – mostly in the UK and Ireland – have been posting viral photos of shockingly high energy bills amid the ongoing (and worsening) energy crisis. Several of the posts were from small business owners who […]
European power prices shatter records as energy crisis intensifies
European power prices shatter records as energy crisis intensifies Power prices in Europe continue to smash records, intensifying the region’s energy crisis and fanning fears about access to electricity and heating as the weather begins to cool. Russia is one of the world’s top producers of oil and natural gas. German power prices for next […]
What Will An EU Economic Collapse Look Like?
What Will An EU Economic Collapse Look Like?
