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Is America Doomed To Replicate Europe’s Energy Crisis?
Is America Doomed To Replicate Europe’s Energy Crisis? What is happening in Europe—including the UK, by the way, one of the most active energy transitioners—right now is a cautionary tale of magnificent proportions. Europe was in no particular rush to top up its gas reserves at the time, and neither was Asia. The quick deterioration […]
Covid is at the center of world’s energy crunch, but a cascade of problems is fueling it
Covid is at the center of world’s energy crunch, but a cascade of problems is fueling it “It’s like a car that’s been taken off the road for a while and now we want to restart it quickly — it takes time,” according to an expert. A man uses his smartphone flashlight to light up […]
Energy Crisis-UK Industry Could Grind to a Halt
Energy Crisis-UK Industry Could Grind to a Halt
The age of fossil fuel abundance is dead
The age of fossil fuel abundance is dead JOE GIDDENS/AP Workers at Buncefield oil depot, known as the Hertfordshire Oil Storage Terminal. British military personnel have begun delivering fuel to gas stations after a shortage of truck drivers disrupted supplies for more than a week, leading to long lines at the pumps as anxious drivers […]
Gas prices skyrocket as the global energy crisis worsens
Gas prices skyrocket as the global energy crisis worsens New York (CNN Business)The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic. Energy demand is back today as the world economy reopens — but supply simply hasn’t kept up. That’s […]
Is this peak gas?
Is this peak gas? The recent, spectacular increase in the price of gas has created a sense of crisis not seen outside the financial sector since the early 1980s. In Europe in general and the UK in particular, it has begun to expose the folly of having an economy entirely dependent upon imports; including imports […]
China Coal Futures Hit Record High As Mines Flood; Worsening Power Shortages Hit Rust Belt
China Coal Futures Hit Record High As Mines Flood; Worsening Power Shortages Hit Rust Belt China’s top coal-producing region has been devastated by torrential rains and flooding this past week. About 9% of the coal mines in Shanxi province, an area responsible for producing 30% of China’s supply, have closed operations. The direct effect of […]
Yet another worry: Price of ship fuel is now highest since 2014
Yet another worry: Price of ship fuel is now highest since 2014 Bunker surcharges on the rise for shippers of containerized cargo Ship refueling (Photo: Shutterstock) Commodity prices are surging around the globe, so it should come as no surprise: Marine fuel is getting a lot more expensive. That’s bad news for ship operators on the […]
That Untraversed Land
That Untraversed Land It’s been just over a month since I started talking about how the predictions set out in 1972 by The Limits to Growth were coming true in our time. Since then the situation has become steadily worse. As I write this, rolling blackouts are leaving millions of people in China to huddle in the dark and […]
Fertilizer Prices Hit Record Highs, May Pressure Food Inflation Even Higher
Fertilizer Prices Hit Record Highs, May Pressure Food Inflation Even Higher Fertilizer prices have risen to a record high in North America, threatening to boost food inflation even higher. Nitrogen products are increasing due to the cost of natural gas, which is used in the manufacturing process. The Green Markets North America Fertilizer Price Index […]
An energy crisis is gripping the world, with potentially grave consequences
An energy crisis is gripping the world, with potentially grave consequences How China and Europe are catching the brunt of it The cooling towers at the coal-fired NTPC Ltd. Dadri Power Plant in Uttar Pradesh, India. The country, which relies on coal for about 70 percent of electricity generation, has already seen signs of power […]
British industry warns of factory closures without help on fuel costs
British industry warns of factory closures without help on fuel costs Stainless steel tubes are stored ready to be made into exhausts at the Eminox factory, during a post-Budget visit by Britain’s Chancellor of the Exchequer Philip Hammond, in Gainsborough, Britain October 30, 2018. Christopher Furlong/Pool via REUTERS LONDON, Oct 9 (Reuters) – Britain’s most […]
It’s all happening…..
It’s all happening….. Anyone who has been following this blog long enough will know that I predicted 2020 was crunch time and that we were heading into the mother of all energy crises. As I write, the UK is in deep turmoil, Germany is making contingency plans for blackouts, Lebanon has turned power off, China’s rationing electricity and India is doing the same. Low rainfall […]
Blackout Warning For Delhi If Coal Supply Not Restored In 2 Days
Blackout Warning For Delhi If Coal Supply Not Restored In 2 Days Over half of India’s 135 coal-fired power plants, which in total supply around 70 per cent of the country’s electricity, have fuel stocks of less than three days Power Crisis: Coal-fired power plants are facing shortage of coal There could be a blackout […]
Money, Bad Policies, Inflation & You
Money, Bad Policies, Inflation & You How to weather the inflationary and energy storms The global financial system and economy are a house or cards. Built on an unsustainable underpinning to ever-increasing debt the financial system is, as far as I am concerned, irretrievably insolvent. To truly grasp this you need to understand the basics […]
