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Olduvai III: Catacylsm
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Europe has lost the energy war

Europe has lost the energy war The livelihoods of millions have already been sacrificed After a decade of financial austerity, is Europe now on the brink of a new age of energy austerity? The city of Hanover has recently introduced strict energy-saving rules that include cutting off the hot water in public buildings, swimming pools, sports halls […]

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Gazprom Reportedly Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely

Gazprom Reportedly Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely Already days before the July 22 European “Doomsday” when the scheduled Russian 10-day maintenance of the crucial Nord Stream pipeline to Germany is slated to end – but which was thrown into deep doubt given Gazprom recently said it can no longer guarantee its “good […]

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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 […]

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“No Extra Gas Booked” – European Gas Prices Surge After Putin Punks Freezing Continent

“No Extra Gas Booked” – European Gas Prices Surge After Putin Punks Freezing Continent In late October, the market rejoiced and nat gas prices puked (even as we warned this was just the latest joke the Kremlin was playing at gullible Europe’s expense) after news that Russian President Vladimir Putin had asked Gazprom to “gradually” raise volumes […]

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Momentous Shift in US Natural Gas, with Global Consequences

Momentous Shift in US Natural Gas, with Global Consequences And this is just the beginning. The year 2017 was when the US became a net exporter of natural gas for the first year in history. The production of natural gas has been surging since 2007, when fracking turned into a boom, whittling away at the […]

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Turkey becomes second-biggest Russian gas importer in 2014, Germany keeps leading position

Turkey becomes second-biggest Russian gas importer in 2014, Germany keeps leading position Gazprom’s exports to Italy ammount to 21.6 billion cubic meters which makes it the third-biggest importer MOSCOW, February 13. /TASS/. Russian Gazprom increased gas exports to Turkey by 2.3% in 2014 compared with the previous year, while cutting supplies to its two biggest […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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