The Drought

the Machiavellian war strategy in the supply chain of the natural gas market … -Hopefully, …the economic giant of the East will wake up and use the unique key that its economic and political power confers on it to find a definitive way out of this situation that is wreaking havoc on the global economy. […]

US Strategic Oil Reserves Reach Historic Low as Biden Taps Further

As Washington tries to control the nation’s gas prices, US President Joe Biden’s decisions this year have led to a serious depletion of the US Strategic Petroleum Reserve. According to statistics released by the US Department of Energy, the US emergency oil reserves this week included just 416.4 million barrels, which is the lowest amount […]

Time to get rid of the “Green Transition”

Global liberal elites love slogans, especially if they signal virtue while avoiding or discouraging critical thinking. At the beginning of the millennium globalists used the term “globalisation” in this way. It suggested an inevitable process which no-one could resist, and which could not be reversed. The losers in globalisation were victims of unavoidable progress rather […]

OPEC+ oil output cut ahead of winter fans inflation concerns

Global crude futures jumped this week, returning to three-week highs, after the Organization of the Petroleum Exporting Countries and their allies, including Russia, on Wednesday agreed to slash output by 2 million barrels per day just ahead of peak winter season. This is likely to drive spot prices higher, particularly for Middle East oil, which […]

Russian Gas Stops Flowing To Italy After ‘Problem’ In Austria

Russian energy giant Gazprom PJSC suspended natural gas deliveries to Eni SpA, Italy’s largest oil company, on Saturday, reported Bloomberg. “Gazprom informed that it is not able to confirm the gas volumes requested for today, stating that it’s not possible to supply gas through Austria. Therefore, today’s Russian gas supplies to Eni through the Tarvisio entry […]

The Problem with Green Capitalism

It’s clear that we need to decarbonize our economy as quickly as possible in order to avoid the worst of climate change — but carbon isn’t the only problem we’re facing. As the world moves towards renewables and away from fossil fuels as an energy source, we can’t forget that the technology and minerals behind […]

Kunstler: Slouching Toward Endgame

“There is a dark craving for rot… as if decay were an escape from the limits, the oppressive fears and the pains of an individual existence.” — Eric Hoffer Breugel’s prophetic depiction of mid 21st century daily life in Euroland   Since “Joe Biden” flat-out promised last February to “bring an end to the Nord […]

OPEC+ to halt oil’s drop?

Oil prices have drawn some respite from the US dollar’s pullback this week, even though global recession risks still weigh on the commodity’s outlook. Although Brent is now trading back closer to the psychological $90/bbl mark, such relief is of mere consolation when stacked within the downtrend that’s been in place since June. Oil’s first […]

Peak oil has finally arrived: No, really

I’ve rarely felt more trepidation about writing a column than this one. But here goes: After more than a century of almost continual growth, the world’s appetite for oil is peaking, and will soon enter terminal decline. That’s hard to write, because those who’ve called a top in oil have a forecasting record on a par with […]

Biden Raids Oil Reserves As Some Decry Energy Vulnerability

President Joe Biden began dipping into the Strategic Petroleum Reserve last year to curb historically inflated gasoline prices. Now that gas prices are no longer historically high, the U.S. reserve is at historic lows. That’s the result of the president playing politics, critics say. “The intent was to use SPR as a tool of energy […]

Cyprus wants EU exemption from energy cutback

Cyprus is gearing up to request an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil. According to the Cyprus News Agency, government sources on the island said Nicosia would request to be exempted from measures concerning the mandatory reduction […]

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