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The End of the Crisis for Now: America Is Awash in Energy
The End of the Crisis for Now: America Is Awash in Energy.
Across America, something unusual is happening on main streets, in suburban strips, and at country stores: workers are lowering the prices on the signs for gasoline.
Veterans of the energy crisis that began in 1973 and has continued, with perturbations, ever since, are trying to get their heads around this enormous reversal of fortune: there is no energy crisis for any fuel in America as winter approaches. That was the message delivered loud and clear at the annual Energy Supply Forum of the United States Energy Association (USEA).
Indeed the main problem, if there is one, is that oversupply is driving down some fuel prices, like for oil and natural gas, which could result in higher prices later as producers curb production.
“Who would have believed it?” asked Barry Worthington, president of USEA.
…click on the above link to read the rest of the article…
Energy Economics – Crash Course Chapter 19 | Peak Prosperity
Energy Economics – Crash Course Chapter 19 | Peak Prosperity.
The central point to this latest video is this: as we’ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but exponential growth.
But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I’m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on.
In short, on top of all the debt and other economic messes we’ve made for ourselves, constraints from the natural world will increasingly place limits on economic growth in a way we haven’t had to deal with over the past century.
This is why I’m so confident in the claim that the next 20 years will be completely unlike the past 20.
So understanding the dynamics at play here is key to forecasting what the future will be like. Since energy is the master resource, that’s where we’re going to start.
…click on the above link to read the rest of the article…
Germany’s Merkel Agrees with ‘Angry’ Slovak Leader that Ukraine Bums EU to Pay for Russian Gas Washington’s Blog
On October 21st, the German Economic News headlined (as translated), “Merkel: EU Taxpayers Should Finance Debt of Ukraine,” and reported that, “Angela Merkel visited [Slovakia’s Finance Minister] Robert Fico on Monday [in the Slovak capital of Bratislavia]. Both leaders demand that Kiev should take more responsibility,” and not push the EU to pay Ukraine’s past-due gas bills from Russia’s Gazprom.
Ukraine’s leader, Petro Poroshenko, was “demanding” that the EU bail out Ukraine, which is months behind on its gas bill from Gazprom, and which furthermore has been getting Slovakia to reverse flow of Russia’s gas, in order to meet Kiev’s own heating-needs.
“Ukraine and Russia negotiate Tuesday morning in Brussels about the dispute over gas supplies,” to Europe, through Ukraine’s pipelines from Russia.
“Russia demands that Ukraine pay its past-due gas bill of $4.5 billion, but doubts Kiev’s solvency.”
Merkel proposes that the EU provide a bridge-loan to help Ukraine get through the winter. She says, “It could not be expected that the EU will take over Ukraine’s gas debt to Russia. Fico’s anger is understandable.”
…click on the link above to read the rest of the article…
