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Welcome To The Greatest Energy Crisis In History

Welcome To The Greatest Energy Crisis In History

Welcome To The Greatest Energy Crisis In History – Things Will Only Get Much More Painful From Here Michael Snyder Just as the western world was accelerating the transition away from traditional forms of energy, the COVID pandemic caused the most epic supply chain crisis in history, and now the largest land war in Europe since World War II has thrown global energy markets into a state of complete and utter chaos.  And if you think that things are bad…

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Dieselgeddon – America’s diesel supply on verge of catastrophic collapse

Dieselgeddon – America’s diesel supply on verge of catastrophic collapse

Tumbling Inventories Send US Gasoline, Diesel Prices To Fresh Record High By Tsvetana Paraskova of OilPrice.com U.S. gasoline prices continued to rise, setting another all-time high on Wednesday at $4.404 per gallon average nationwide, data from AAA showed today.  That’s the highest recorded average price for gasoline in the United States, ever. Diesel prices also hit a new high on Wednesday, reaching $5.553 a gallon. This is the highest average price ever recorded, too.   Average U.S. gasoline prices have reached new records…

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Ukraine Cuts Off Gas To Europe

Ukraine Cuts Off Gas To Europe

What Ukraine’s block on Russian gas means for Europe Kiev has stopped flows via a key transit point, raising fears of European energy shortages © Getty Images / Michael Moeller / EyeEm Ukraine’s gas network operator on Wednesday stopped the transit of Russian natural gas to Europe through one of its key cross-border stations, citing “interference by the occupying [Russian] forces.” Here is what this development means for the European gas market and economy. What happened? Ukraine’s gas network operator, GTS Ukraine,…

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Power Grid Operators Warn Of Potential Electricity Shortages Amid Transition To Clean Energy

Power Grid Operators Warn Of Potential Electricity Shortages Amid Transition To Clean Energy

Power-grid operators across the US warn that power-generating capacity struggles to keep up with demand, a worrying sign ahead of summer where heatwaves could lead to rolling blackouts. Zero Hedge, 10 May, 2022 The Midcontinent Independent System Operator, or MISO, operating in 15 states across the US Central region, said last month that capacity shortages this summer due to soaring summer demand might result in outages. Last Friday, California Independent System Operator, or California ISO, outlined energy shortfalls this summer…

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Economic collapse news – 2 May, 2022

Economic collapse news – 2 May, 2022

New Record for Diesel Fuel Prices A new record has been set for national truck stop retail diesel at $5.28/gallon ($.81/mile). An owner-operator doing 7000 miles per month and getting 6.5 MPG would have seen their fuel bill jump $1800/month since the start of the year. This staggering price for diesel fuel will result in massive price increases for . . . . everything . . . because literally E V E R Y T H I N G, except…

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Europe embargoes Russian coal ensuring higher coal prices

Europe embargoes Russian coal ensuring higher coal prices

In addition to an already existing energy crisis – cutting off their nose to spite their face. Coal Miners Surge After Europe Backs Russian Coal Embargo, Assuring Much Higher Coal Prices Just moments after we warned that a European embargo on Russian coal would send already record coal prices surging even higher since Russia is such a critical supplier to Europe and since the world will have to find more expensive trade routes to satisfy the new, post-Ukraine reality… … the European…

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Government Announces Rationing (This Is Really BAD)

Government Announces Rationing (This Is Really BAD)

Neil McCoy-Ward Germany and Austria take step towards gas rationing IMAGE SOURCE,GETTY IMAGES Germany and Austria have triggered emergency plans over possible gas supply disruption amid a payments stand-off with Russia. Russia had demanded “unfriendly” countries pay for its gas in roubles from 31 March, but the EU, which mainly pays in euros, rejected the idea. Moscow later appeared to soften its stance, saying on Wednesday rouble payments would be introduced gradually. But Germany and Austria have taken the first…

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Berlin’sa public appeal: “Save money – Blackouts are coming”

Berlin’sa public appeal: “Save money – Blackouts are coming”

I’ll be watching this carefully over the next day or so. From warnews24/7 Germany’s unprecedented derailment – Berlin public appeal: “Save money – Blackouts are coming” A megaton bomb exploded in Germany   Germany’s unprecedented deportation has been taking place for several hours now, with German Chancellor Olaf Scholz being forced to call Putin and accept a “preliminary agreement on payment in rubles.” This is because Germany’s gas reserves are at a level of 25%. This is an unprecedented humiliation…

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Germany’s flip-flops over energy

Germany’s flip-flops over energy

European Union To Phase Out Russian Oil And Gas As It Seeks Energy Independence On Tuesday, the European Commission published a new ambitious energy strategy to “make Europe independent from Russian fossil fuels well before 2030,” according to NYTimes.  “We must become independent from Russian oil, coal, and gas,” the commission’s president, Ursula von der Leyen, said in a news release.  “We simply cannot rely on a supplier who explicitly threatens us,” he said.  The commission said it aims to reduce as much as two-thirds…

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