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European Natural Gas Prices To Triple In “Perfect Storm”
European Natural Gas Prices To Triple In “Perfect Storm” A top commodity research firm in Norway warns a “perfect storm” is brewing as European energy security worsens following Russia’s invasion of Ukraine, which could result in the tripling of natural gas prices. “There simply is not enough LNG around to meet demand. In the short term, […]
Rockefeller Foundation President Starts Countdown Until All Hell Breaks Loose
Rockefeller Foundation President Starts Countdown Until All Hell Breaks Loose Rockefeller Foundation President Rajiv Shah told Bloomberg Television’s David Westin a “massive, immediate food crisis” is on the horizon. Shah provides what could be a timeline for the next global food crisis that could begin “in the next six months.” He said global fertilizer supply disruptions caused by the Russian […]
Why Renewables Can’t Solve Europe’s Energy Crisis
Why Renewables Can’t Solve Europe’s Energy Crisis Europe has been aggressively pursuing a clean energy future and the end of fossil fuels, but Russia’s invasion of Ukraine has highlighted the shortcomings of renewables. The soaring prices of key metals and the length of time it takes to implement renewable energy projects have meant Europe is […]
Limits to Growth: Natural gas fertilizer that feeds 4 billion of us
Limits to Growth: Natural gas fertilizer that feeds 4 billion of us Preface. In chapter 4 of my book “Life After Fossil Fuels: A Reality Check on Alternative Energy“, I explain how it came to be that fertilizer is made out of natural gas, using the energy of natural gas, and why it allows at least […]
Russia-Ukraine War and the Changing Energy Landscape.
Russia-Ukraine War and the Changing Energy Landscape. The can of worms that is our global use of energy, has been levered open yet further by the escalating war in Ukraine. Prices of all types of energy had already been hiked dramatically as a result of a strong economic rebound post-covid, but with limited capacity to […]
European NatGas Jumps 64% As Chance Of Russian Energy Ban Ignites Mayhem
European NatGas Jumps 64% As Chance Of Russian Energy Ban Ignites Mayhem European natural gas futures soared Monday after reports the Biden administration was considering curbs on Russian crude imports sent shock waves across commodity markets. Brent surged to $137/bbl and quickly pared gains to trade near $125/bbl around 0630 ET. The focus is European […]
Russia bans ammonium nitrate exports until April to support domestic farmers
Russia bans ammonium nitrate exports until April to support domestic farmers Russia has banned the export of ammonium nitrate (AN) from Feb. 2 to April 1, in a widely-expected move by the government as it seeks to guarantee affordable supplies for domestic farmers following the spike in global fertilizer prices. Ammonia gas, one of the […]
Russia Warns Of “Brave New World” Of Higher Gas Prices After Germany Halts Nord Stream 2
Russia Warns Of “Brave New World” Of Higher Gas Prices After Germany Halts Nord Stream 2 Update (0900ET): Europe’s energy crisis deepened Tuesday as Germany halted the process of certifying the Nord Stream 2 natural gas pipeline. Putin’s right hand man, Dmitry Medvedev responded to German Chancellor Olaf Scholz’s comments about the certification of the controversial […]
Europe relies primarily on imports to meet its natural gas needs
Europe relies primarily on imports to meet its natural gas needs Source: Graph created by the U.S. Energy Information Administration, based on data from Eurostat and the International Group of Liquefied Natural Gas Importers (GIIGNL) annual liquefied natural gas trade reports Note: Due to reporting requirements, some volumes of pipeline-imported natural gas are not attributed to a […]
The gas price crisis – in a hole, stop digging, here’s how to climb out…
The gas price crisis – in a hole, stop digging, here’s how to climb out… Does it seem odd that in a gas price crisis, there are people arguing we should dig ourselves deeper into the grip of that particular fuel? We’ve been here before – and it never ends well. A poorly regulated banking […]
Ray McGovern asks: Is Nord Stream 2 Dead in the Water?
Ray McGovern asks: Is Nord Stream 2 Dead in the Water? Does President Joe Biden consider himself King of Europe, with a kind of eminent (or is it “imminent”) domain over multi-billion-dollar projects like the German-Russian Nord Stream 2 natural gas pipeline? That’s sure what it sounded line yesterday at the joint press conference with […]
Dwindling French Gas Stockpiles Stoke Fears Of Winter Blackouts
Dwindling French Gas Stockpiles Stoke Fears Of Winter Blackouts The Brits aren’t the only European nation to find itself on the verge of a full-blown energy crisis. On Thursday, French natural gas pipeline operator GRTgaz warned that French gas stockpiles are much lower at this point in the year than they have been during years past […]
Turkey Hit By Unprecedented Power Outages As Iran Halts Gas Flows
Turkey Hit By Unprecedented Power Outages As Iran Halts Gas Flows A disruption to natural gas imports from Iran has caused an unprecedented level of power cuts in Turkey. The power cuts have largely impacted major industrial zones, with some companies forced to halt production as a result. Iran claims that its natural gas flows […]
Germany reveals when it will run out of gas
Germany reveals when it will run out of gas Natural gas storage facilities in Germany are half-empty, economy ministry says © AFP / JOHN MACDOUGALL Natural gas reserves in Germany, which has one of the highest underground gas storage capacities in Europe, have fallen to historically low levels compared with previous years. “According to the consolidated register […]
