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IEA: Current Energy Crisis Is “Much Bigger” Than 1970s Oil Crunch
IEA: Current Energy Crisis Is “Much Bigger” Than 1970s Oil Crunch IEA Chief Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. Back in the 1970s, the crisis was just about oil. Birol: The world, especially Europe, could face a summer of shortages of gasoline, fuel, and jet fuel. […]
Putin: Oil Sanctions Will Be Europe’s “Economic Suicide” On Orders From “American Overlords”
Putin: Oil Sanctions Will Be Europe’s “Economic Suicide” On Orders From “American Overlords” Russian President Vladimir Putin announced that EU countries are committing “economic suicide” by refusing Russian energy resources amid a push to impose an oil embargo, but which has been thus far blocked by Russian energy-dependent Hungary and a handful of others. As quoted in […]
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns As we detailed yesterday, almost two months after Europe rushed to declare it would impose unprecedented sanctions on Russia in response to Putin’s invasion of Ukraine with no regard for how such sanctions would boomerang and cripple its own economies, the old continent which […]
Europe May Face LNG Crisis This Winter
Europe May Face LNG Crisis This Winter Rush to wean off Russian gas has made European consumers highly vulnerable to LNG price shocks. Global LNG demand outstrips supply in 2022. New LNG projects are unlikely to provide relief until 2024. A liquified natural gas (LNG) crisis is brewing for European countries dealing with energy insecurity […]
An Economic ‘Atomic Bomb’: Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo
An Economic ‘Atomic Bomb’: Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo The European Union’s ban on Russian oil is in jeopardy Friday after Hungary’s Prime Minister Viktor Orban rejected proposals as too costly and too swift for the country to implement, marking a potentially lethal blow to the bloc’s plans to wean […]
Europe To Cap Potash Imports As Planting Season Begins
Europe To Cap Potash Imports As Planting Season Begins The EU is expected to deliver another shock to its agricultural sector by capping Russian imports of potash, a crucial ingredient for growing food, according to Bloomberg, citing a Dow Jones report. The European Commission is expected to imminently unveil broad new sanctions on Russia. Much of […]
EU Pushes To Break “Energy Taboo” With Proposed Ban On Russian Coal Imports
EU Pushes To Break “Energy Taboo” With Proposed Ban On Russian Coal Imports Update (0825ET): As EU ambassadors meet on Tuesday to discuss another proposal on Russian sanctions, German Foreign Minister Annalena Baerbock insisted that the EU would “completely end” its fossil fuel dependence on Russia, starting with coal. Of course, as we noted below, Germany […]
EU Considers Massive 100 Billion Euro Energy Relief Fund For Companies
EU Considers Massive 100 Billion Euro Energy Relief Fund For Companies Europe faces an unprecedented energy crisis that requires extraordinary policy action, such as a possible 100 billion in relief funds to businesses hit the hardest by soaring energy prices. Bloomberg cites MF daily that said the European Union on Wednesday is considering a massive 100 […]
When normality is exposed as a Ponzi
When normality is exposed as a Ponzi Putin’s hubris, yes-men for generals, lack of fighting conviction among the men, poor logistics and strong Ukrainian leadership and determination have combined to turn the Russian invasion of Ukraine into a military quagmire. Meanwhile, the West has upped the stakes in a financial war. The underlying assumption is […]
The Dutch have decided: Burning biomass is not sustainable
The Dutch have decided: Burning biomass is not sustainable EU member states are increasingly turning their coal plants into biomass plants in an effort to cut carbon emissions. [Mizzou CAFNR / Flickr] The Netherlands should phase out the use of biomass for generating electricity as soon as possible, the advisory board of the Dutch government […]
US to Help Ukraine Strengthen Border With Russia, Belarus
US to Help Ukraine Strengthen Border With Russia, Belarus The US will pay about $20 million for video recording systems, drones, and equipment for border guards Ukraine’s border service said on Tuesday that the US will finance projects to strengthen the country’s borders with Russia and Belarus. The border service said the US will spend about […]
War Drums Are Beating
War Drums Are Beating A RISK NOT DISCUSSED It was around 2017 when I began seeing the ridiculous climate hysteria being pushed not just by dreadlocked physics deniers chaining themselves to trees but at an institutional level. This, I thought to myself, was something very, very dangerous and which — if taken to any greater […]
