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Tag: energy

The EU is on the edge and Yanis Varoufakis wants to reform the energy market

The EU is on the edge and Yanis Varoufakis wants to reform the energy market

Go back 10 years and Yanis Varoufakis was a hero of mine. However, I had the misfortune to stumble across this interview with Amy Goodman. We are in the midst of World War 3, gas pipelines are being blown up and he talks about reforming the energy markets! Not that that is a bad idea but the timing is insane. No doubt, the liberal mind will say “are you in favour of neo-liberalism? Why do you oppose change? You are…

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New Zealand is committing national suicide

New Zealand is committing national suicide

Even countries like Mali have gold reserves. On the 12 September 2019, the RBNZ also confirmed in an Official Information Act request that “the Reserve Bank does not hold any gold as reserves.” How Much Gold Does the Reserve Bank of New Zealand Have in 2022? We’ve had the odd query from other New Zealanders asking, “how much gold does the Reserve ‎Bank of New Zealand (RBNZ) actually have?”. Our guess is people are probably asking because since the financial crisis…

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The tragedy for Ukrainian civilians

The tragedy for Ukrainian civilians

Political civil war in Ukraine: The evacuation of Kherson and Kiev has begun – Without electricity, heating and with polar temperatures million citizens Tragic conditions for millions of Ukrainians The Mayor of Kyiv, Vitali Klitschko, issued a recommendation to evacuate Kyiv, stressing that “anyone who has a house in the suburbs with water, heating or friends should go. Those who can move now to the suburbs of Kiev, to their summer house or to their friends’ residence, if there is water supply…

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Are we running out of diesel?

Are we running out of diesel?

RUMOUR: I have heard this from Multiple sources. Apparently there is just one tanker on route delivering Diesel to us, but none ordered afterwards. Not only NZ either, others are also about to experience a Diesel shortfall. Time will tell Is this a cover story? The last reports of problems with New Zealand were in June, yet prices of diesel are at par with petrol, yet I have not heard a sniff of a report for help for the trucking…

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Europe’s energy crisis

Europe’s energy crisis

“A Paradoxical Situation”: Germany Is Dismantling A Wind Farm To Make Way For A Coal Mine By Michael Kern of OilPrice.com A wind farm is being dismantled in western Germany to make way for an expansion of an open-pit lignite coal mine in a “paradoxical” situation highlighting the current prioritization of energy security over clean energy in Europe’s biggest economy.   The dismantling of at least one wind turbine at the wind farm close to the German coal mine Garzweiler, operated by energy…

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Our energy woes will not be fixed by financial approaches

Our energy woes will not be fixed by financial approaches

Tverberg: Why Financial Approaches Won’t Fix The World’s Economic Problems This Time Gail Tverberg Authored by Gail Tverberg via Our Finite World blog, Time and time again, financial approaches have worked to fix economic problems. Raising interest rates has acted to slow the economy and lowering them has acted to speed up the economy. Governments overspending their incomes also acts to push the economy ahead; doing the reverse seems to slow economies down. What could possibly go wrong? The issue…

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As things get worse quickly….

As things get worse quickly….

Fertilizer Giant Yara Slashes European Output As Energy Crisis Worsens Europe’s fertilizer supply crunch continues to tighten after Yara International ASA announced Thursday that third-quarter ammonia output was slashed due to skyrocketing natural gas prices, putting more upward pressure on food inflation as the cost-of-living crisis worsens.  The Norwegian producer said ammonia output in the quarter dropped to 57% of capacity in Europe, plunging from 81% in the previous quarter. It warned output could collapse to just 35% if NatGas prices…

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Biden’s epic failure with Saudi Arabia

Biden’s epic failure with Saudi Arabia

Yesterday, the geopolitical balance shifted and yet I cannot find a single article about this in the whole NZ media. Biden’s Secret Promise To OPEC Backfires: Shellenberger Submitted by Michael Shellenberger, In early September, United States Secretary of Energy, Jennifer Granholm, told Reuters that President Joe Biden was considering extending the release of oil from America’s emergency stockpiles, the Strategic Petroleum Reserve (SPR), through October, and thus beyond the date when the program had been set to end. But then, a few hours later, an…

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