“Weakening Germany, strengthening the U.S.”…
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…
Moscow Says No More Nord Stream 1 Gas Until Sanctions Are Lifted…
On Monday, Kremlin spokesman Dmitry Peskov said that until the West lifts the economic sanctions placed on Russia, technical issues with gas deliveries through the Nord Stream 1 pipeline will persist…
Michael Hudson: America’s Real Adversaries Are Its European and Other Allies…
The sanctions that U.S. diplomats are insisting that their allies impose against trade with Russia and China are aimed ostensibly at deterring a military buildup…
How Stupid Do European Politicians Think Their Citizens Are?: China Is Aggressively Reselling Russian Gas to Europe…
One month ago, we were surprised to read how, despite a suppressed appetite for energy amid its housing crash and economic downturn (for which “zero covid” has emerged as a convenient scapegoat for emperor Xi), China has been soaking up more Russian natural gas so far this year, while imports from most other sources declined…
Will Europe Go Down to Defeat Before Ukraine?…
During the runup to the financial crisis, your humble blogger pointed out that financial time moved faster than political time. Market players often had better and more comprehensive access to important information than officials did and had strong incentives to act on it…
Europe’s Economic and Social Suicide – Provoked by the U.S. and Helped Along by Europe’s Leaders…
Due to the stupidity of Europe’s political leadership the U.S. has managed to push it towards committing economic and social suicide…
At Last, the EU Wakes Up – And Finds Out It’s Doomed Anyhow…
Finally, at long last, it appears the European Union may come to its senses. All it took was for German elites to understand they’re about to lose billions and risk upheaval. News from the IMF that halted gas supplies to the country will cost Europe’s largest economy 1.5 percent of its GDP in 2022 scares the Olaf Scholz puppet worse than communist smart girl Sahra Wagenknecht. Which has me wondering, was communism that bad, after all?…
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