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Tag: gas prices

Who do you think is actually winning?

Who do you think is actually winning?

At Least 20 European Gas Buyers Open ‘Rubles-For-Gas’ Account With Gazprombank Europe’s anti-Russian virtue signaling and harsh language are nothing more than a facade as the number of European companies opening accounts with Gazprombank JSC has doubled as President Vladimir Putin demands rubles for natural gas.  Bloomberg reports a person close to Gazprombank said twenty European companies had opened accounts with the private-owned Russian bank to swap euros for rubles to purchase natgas. Another 14 companies are requesting paperwork to facilitate transactions…

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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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Crisis in Europe – 4 April, 2022

Crisis in Europe – 4 April, 2022

German Retailers To Increase Food Prices By 20-50% On Monday Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the  Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere… … on Monday, Germany will take one step toward a return of the dreaded Weimar hyperinflation, when according…

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