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Breaking The (Supply) Chains

Breaking The (Supply) Chains “Supply chain disruptions” has become a catch-all phrase to explain product shortages and inflation. But how exactly does that work, and why is this problem taking so long to fix? For Story Time this week, Nick uses his 30 years of experience analyzing the US auto industry to explain what’s going […]

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“Perfect Storm” – Global Energy Crisis Spreads To Brazil And India

“Perfect Storm” – Global Energy Crisis Spreads To Brazil And India The global energy crisis plagues Europe and China and risks spreading to emerging market economies. According to Bloomberg, severe droughts in Brazil have led to a collapse in hydroelectric generation and could force the South American country to ration power if power imports from Uruguay […]

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World’s Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes

World’s Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes Just one week ago, we highlighted the first victim of the latest “rogue wave” in global natural gas markets. As Miami-based Statar Capital gave up its “hefty gains” from earlier in the year, tumbling into the red amid the NatGas market turbulence, we warned that it […]

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British Army Begins Deliveries To Ease Fuel Crisis

British Army Begins Deliveries To Ease Fuel Crisis Last week, British Army personnel were on standby as service station pumps ran dry across the country, forcing vendors to ration sales as a shortage of truck drivers strained supply chains of major oil and gas suppliers. AFP reports Monday that as many as 200 military tanker personnel have been deployed to alleviate […]

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“Transitory” is the New Spandex: Powell Admits it, Still Denies its Cause. Why this Inflation Won’t Go Away on its Own

“Transitory” is the New Spandex: Powell Admits it, Still Denies its Cause. Why this Inflation Won’t Go Away on its Own Blames tangled-up supply chains but not what’s causing supply chains to get tangled up in the first place: The most grotesquely overstimulated economy ever. Fed Chair Jerome Powell, during a panel discussion hosted by […]

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UK To Deploy Reserve Tanker Fleet And Military To Ease Energy Crisis

UK To Deploy Reserve Tanker Fleet And Military To Ease Energy Crisis Gas stations in English metro areas are running dry after six days of buying panic worsened shortages caused by insufficient truck drivers. For days, the UK government has contemplated the use of military truck drivers to replenish gas stations. Now there’s word the government’s reserve tanker fleet will […]

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Millions of Britons Could Face ‘National Shortage’ of Turkeys This Christmas

Brian Taplin feeds the free-range Norfolk Black organic turkeys on Laverstoke Park Farm, on their final day before being killed for the Christmas Day table, in Overton, England, on Dec. 12 2006. (Matt Cardy/Getty Images) UK Millions of Britons Could Face ‘National Shortage’ of Turkeys This Christmas Trees and toys also at risk, suppliers say […]

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Panic-Buying Could Leave 90% Of UK Gas Stations Dry; BoJo Considers Calling In Army To Resupply

Panic-Buying Could Leave 90% Of UK Gas Stations Dry; BoJo Considers Calling In Army To Resupply UK politicians panic as similarities to the 1970s-style “winter of discontent” of shortages and socio-economic distress have already materialized. Prime Minister Boris Johnson requested the Army to begin fuel deliveries to petrol stations. According to Reuters, 90% of petrol stations could […]

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The Harsh Truth Behind Europe’s Energy Crisis

The Harsh Truth Behind Europe’s Energy Crisis Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the […]

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The march of folly

The march of folly It is of some interest that people have been contrasting images of British petrol queues this weekend with the petrol queues which formed back in 1973 as a result of the OPEC oil embargo.  Not least because a more accurate comparison is with the fuel protests in September 2000.  That is, […]

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UK’s Fertilizer Crisis Spreads To EU After Another Firm Slashes Output

UK’s Fertilizer Crisis Spreads To EU After Another Firm Slashes Output Europe’s energy crisis has claimed another victim, with Austrian fertilizer producer Borealis AG slashing the output of ammonia after the cost of the primary feedstock, natural gas, compresses margins in an industry already facing tight supplies, according to Bloomberg. Borealis’ ammonia-producing plant uses natural gas […]

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Panic Hoarding Gasoline Begins As UK Plunges Towards “Winter Of Discontent”

Panic Hoarding Gasoline Begins As UK Plunges Towards “Winter Of Discontent” One day after oil giant BP warned about rationing gasoline and diesel at UK service stations, Brits began to panic buy fuel as the government tried to calm fears. Lines of cars and trucks are spilling over into the streets at service stations across the country. […]

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UK Tells People To Stop “Panic Buying” As “Winter Of Discontent” Fears Emerge

UK Tells People To Stop “Panic Buying” As “Winter Of Discontent” Fears Emerge UK politicians are in utter panic as similarities to the 1970s-style “winter of discontent” of shortages and socio-economic distress could rear its ugly head in the coming months, according to Reuters. A significant driver in what could very well be a hellacious winter […]

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UK Supermarket Boss Says Shortages at Worst Level He Has Seen

A truck driver makes a milk delivery to a supermarket in London on Aug. 3, 2021. (Tolga Akmen / AFP via Getty Images) UK Supermarket Boss Says Shortages at Worst Level He Has Seen A leading supermarket boss has warned that current UK food shortages are at a “worse level” than he has ever seen. The food supply chain has […]

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‘Preppers’ Quietly Stock Up for the ‘Perfect Storm’

Travis Maddox, a prepper and producer of “The Prepared Homestead” on YouTube, feeds his turkeys and chickens. (Courtesy Travis Maddox) US FEATURES ‘Preppers’ Quietly Stock Up for the ‘Perfect Storm’ A crippling ice storm that left Travis Maddox and thousands of other Missouri residents without power in 2007 had an “almost apocalyptic feel to it.” […]

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