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French And German Power Prices Soar As Cold Sweeps Europe
French And German Power Prices Soar As Cold Sweeps Europe After a mild start to the year, cold weather sweeping across western Germany, France, and the UK led to a surge in electricity prices on Tuesday. French day-ahead power prices jumped to 135 euros a megawatt-hour, a 42% increase versus the rolling two-week average. The […]
The Lost Forest Gardens of Europe
The Lost Forest Gardens of Europe Contents People of the Hazel: Europe’s indigenous cultures return after the glaciers retreat, bringing their most cherished tree with them The Continent-Wide Orchard: Mesolithic people create Europe’s post-glacial ecosystems as vast forest gardens A Changing Climate: millennia of drastic fluctuations in the climate lead to the creation and spread […]
Europe Is Being Deindustrialized With a Purpose
Europe Is Being Deindustrialized With a Purpose Photo by Felix Mittermeier on Unsplash The sun is shining, birds are singing and natural gas demand destruction goes on unabated in the EU. One might ask here: why have TTF gas prices fallen below 70 Eur/MWh (1) actually to even lower levels than in Asia? Mainstream media tries to spin the story that […]
Colder Weather Might Return To Northwest Europe Next Week
Colder Weather Might Return To Northwest Europe Next Week European natural gas prices have plunged to pre-Ukraine invasion levels on mild winter. Heating demand across the EU has declined, allowing fuel storage tanks to continue injections and remain above seasonal levels. This bodes well for the energy-stricken continent, but new weather forecasts suggest a late-month […]
World Bank Warns Global Economy “Perilously Close To Falling Into Recession”
World Bank Warns Global Economy “Perilously Close To Falling Into Recession” Six months ago, The World Bank slashed its global growth outlook for 2022 and 2023 to +2.9% and +3.0% respectively blaming “the war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation” for hammering growth. Today, in its latest report on global economic […]
In 2022, the world as we knew it ended. Decades of conflict lie ahead
In 2022, the world as we knew it ended. Decades of conflict lie ahead The ‘end of history’ has concluded and the world has returned to conflicts between ‘great powers’. Let’s hope it doesn’t turn nuclear By Ivan Timofeev, Valdai Club Programme Director & one of Russia’s leading foreign policy experts.© Getty Images / erhui1979 […]
Austrian Defense Minister Warns Europeans Are Unprepared For Days-Long Blackouts
Austrian Defense Minister Warns Europeans Are Unprepared For Days-Long Blackouts Leaving one third of citizens unable to “supply themselves.” SOPA Images via Getty Images The Austrian defense minister has warned that Europeans could face blackouts that go on for days, leaving one–third of citizens unable to “supply themselves.” Klaudia Tanner made the comments during an […]
Europe’s Energy Crisis Is Just Getting Started
Europe’s Energy Crisis Is Just Getting Started While Europe managed to fill its gas storage ahead of winter this year, it will have to import huge amounts of LNG in a competitive market to survive next winter. The next 12 to 24 months will be critical in establishing whether Europe can stave off a long-term […]
First Big Freeze Puts “Heavy Strain” On European Power Grids
First Big Freeze Puts “Heavy Strain” On European Power Grids Europe’s cold blast is due to a weak, polar vortex split in the stratosphere, which allowed high pressure to build across Greenland last week. As a result, Arctic air poured over the energy-stricken continent, sending natural gas and power prices higher. The unseasonably cold weather will […]
EU’s Oil Price Cap Creates a Price Cap… on Stupidity
EU’s Oil Price Cap Creates a Price Cap… on Stupidity MOSCOW, RUSSIA DECEMBER 1, 2021: Russia’s Foreign Ministry Spokesperson Maria Zakharova gives a weekly press briefing. Russian Foreign Ministry/TASS The EU and the US went forward with their long-debated, long-telegraphed move to put a price cap on Russian oil at $60 per barrel. By […]
Europe’s Energy Crisis Is Reshaping Geopolitics
Europe’s Energy Crisis Is Reshaping Geopolitics Europe’s energy crisis is fueling a major geopolitical reconfiguration. The IEA is warning that we are currently living through a “global energy crisis of unprecedented depth and complexity,” and that “there is no going back to the way things were.” The financial vulnerabilities emanating out of Europe threaten to […]
Winter in Central Europe and for the dollar
Winter in Central Europe and for the dollar In this article I examine the current state of the fight for hegemonic control between America on the one side, and Russia and China on the other. It is being fought on two fronts. Ukraine, the one in plain sight, is about to endure a winter without […]
Russia Now Says US & NATO “Directly Participating” In Ukraine War
Russia Now Says US & NATO “Directly Participating” In Ukraine War Earlier this week CNN reported that the Biden administration is considering “dramatically” increasing its training of Ukrainian forces. The proposal would involve US advisers training “much larger groups of Ukrainian soldiers in more sophisticated battlefield tactics” at American installations in Germany, and possibly other locations in Europe. This could […]
October 2022: Earth’s 4th-warmest October on record
October 2022: Earth’s 4th-warmest October on record Europe had its warmest October on record, as did Northern Hemisphere land areas. Sunshine bathes government buildings at Whitehall Street in London on the unusually mild afternoon of Friday, October 28, 2022. The high of 66 degrees Fahrenheit at Kew Gardens followed 70 degrees on October 27. Some […]
