Rebuilding Ukraine is a “generational task that must begin now,” said Germany’s Olaf Scholz and the EU’s Ursula von der Leyen. Ukrainian and German experts are meeting in Berlin to discuss support for the reconstruction…
EU Commission Announces 5 Point Plan for Self-Imposed Energy Crisis, Including Increased Imports of U.S. Natural Gas Driving Up Prices for U.S. Consumers…
According to the U.S. Energy Information Association (IEA), U.S. storage of Liquified Natural Gas (LNG) is 12% below the five-year average (LINK). Additionally, the IEA is expecting the U.S. to export 11.7 billion cubic feet of LNG per day during the fourth quarter of 2022 — up 17% from the third quarter. The destination of that export is Europe…
German Minister of Economics, Robert Habeck, Under Fire As Energy Driven Reality of Economic Collapse Starts Sinking In…
German Minister of Economics Robert Habeck is under fire after his comments during an interview with an ARD broadcaster on Tuesday evening…
Europe’s Energy Crisis Was Created by Political Interventionism…
An energy policy that bans investment in some technologies based on ideological views and ignores security of supply is doomed to a strepitous failure…
EU Commission Triggers Financial Sanctions Against Hungary for Electing Wrong Candidate…
The insufferable claims of “democratic norms” from the European Union are laughable in their construct. While sitting atop their elitist perches preening philosophically about values and democracy, the ruling globalist elites in Brussels are now going to trigger €5 billion in punitive sanctions against Hungary because the citizens overwhelmingly voted for an unapproved European candidate to be their national leader….
France Yields on January 31 Brexit Extension…
France has agreed to the three-month Brexit extension suggested by European Council President Donald Tusk, softening its previously hard stance on only granting the U.K. a short technical extension of a few weeks. The change in position happened over the weekend after Emmanuel Macron had a phone conversation with British Prime Minister Boris Johnson on […]
How the Wheels Came Off the Second Brexit Vote Bandwagon…
Germany’s von der Leyen Voted New EU Commission President…
German Defense Minister Ursula von der Leyen has won the vote to become the next president of the European Commission, and will be the first woman to hold the post. She received 383 out of 747 possible votes, just nine more than the minimum for her election. A total of 327 lawmakers voted against her […]
As Regulators Squirm in their Seats at Hearing, JPMorgan and Citigroup Get Slapped with More Rigging Charges by EU…
At a House Financial Services Committee hearing yesterday, Republicans attempted to marshal arguments for why U.S. banks needed more relief from regulatory oversight. Those arguments weren’t helped by the news of the day. As the hearing got underway, headlines were being promulgated around the globe that JPMorgan Chase, Citigroup and three foreign banks had been […]
EU Fines Citigroup, JPMorgan, 3 Other Banks $1.2B for Collusion…
The European Commission fined five banks more than $1 billion Thursday, including Citigroup and JPMorgan, for participating in collusion activities involving 11 currencies and two cartels in the Spot Foreign Exchange market. The commission penalized Citigroup, JPMorgan, Barclays and the Royal Bank of Scotland for taking part in the Forex-Three Way Banana Split cartel. Barclays, […]