{"id":63171,"date":"2022-07-30T18:53:38","date_gmt":"2022-07-30T23:53:38","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63171"},"modified":"2022-07-30T18:53:38","modified_gmt":"2022-07-30T23:53:38","slug":"we-are-going-to-see-energy-prices-go-absolutely-nuts-this-winter-just-as-we-plunge-into-a-horrifying-global-economic-crisis-2","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63171","title":{"rendered":"We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis"},"content":{"rendered":"
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We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis<\/a><\/h3>\n<\/header>\n
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\nHow would you feel if your power bill went up by 50 percent this winter?\u00a0 How about 100 percent?\u00a0 Unfortunately, these kinds of price increases are already being announced.\u00a0 The world was heading into a major energy crisis even before the war in Ukraine started, and now that conflict threatens to create an extremely severe energy crunch that would have been unimaginable just a couple of years ago.\u00a0 If some sort of a miracle doesn\u2019t happen, it is going to be a really, really cold winter for countless people in the western world.<\/p>\n

The Russians have been trying to use energy as leverage, and on Monday they announced that the amount of natural gas flowing through the Nord Stream 1 pipeline will be reduced\u00a0\u201cto just 20% of its capacity\u201d<\/a>\u2026<\/p>\n

The Biden administration is working furiously behind the scenes to keep European allies united against Russia as Moscow further cuts its energy supplies to the European Union, prompting panic on both sides of the Atlantic over potentially severe gas shortages heading into winter, US officials say.<\/p>\n

On Monday, Russia\u2019s state-owned gas company Gazprom said it would cut flows through the Nord Stream 1 pipeline to Germany in half, to just 20% of its capacity. A US official said the move was retaliation for western sanctions, and that it put the West in \u201cunchartered territory\u201d when it comes to whether Europe will have enough gas to get through the winter.<\/p><\/blockquote>\n

In essence, Vladimir Putin is \u201cturning the screws\u201d, and it may just be a matter of time before he cuts off the gas completely.<\/p>\n

The Europeans never should have allowed themselves to become so dependent on Russian energy, and now a major crisis is staring them in the face.<\/p>\n

Last Wednesday, a modest rationing plan for the member states of the EU\u00a0was introduced<\/a>\u2026<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis How would you feel if your power bill went up by 50 percent this winter?\u00a0 How about 100 percent?\u00a0 Unfortunately, these kinds of price increases are already being announced.\u00a0 The world was heading […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[279,284,4901,13351,694,7452],"class_list":["post-63171","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-eu","tag-european-union","tag-michael-snyder","tag-price-inflation","tag-russia","tag-the-economic-collapse-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63171"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63171\/revisions"}],"predecessor-version":[{"id":63172,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63171\/revisions\/63172"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}