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Tag: natural gas

Putin pegs the Russian rouble to gold

Putin pegs the Russian rouble to gold

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I don’t think this movement by Vladimir Putin can be dismissed. When Saddam Hussein and Col. Gadhaffi announced the introduction of a gold dinar they were marked for destruction. Times have changed. “Russia won’t engage in charity” “Russian President Vladimir Putin has made a public statement on video about what has taken place with binding the Ruble to Gold. In that statement, he points out that Western Nations have simply STOLEN Russia’s foreign currency reserves and Gold Bullion Reserves, and…

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HUGE: Russia To Demand “Hostile States” Pay In Rubles For Gas

HUGE: Russia To Demand “Hostile States” Pay In Rubles For Gas

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  Zero Hedge, 23 March, 2022,   With the ruble mostly stuck in sanctions limbo and trading around 100 to the dollar in recent days (an improvement from the USDRUB 140 hit on March 8), the Kremlin appears to have found a new way to prop up the Russian currency besides merely central bank interventions: make foreign customers of Russian gas demand it. During an address to the nation moments ago, Vladimir Putin said that Russia will demand that countries it…

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Germany’s flip-flops over energy

Germany’s flip-flops over energy

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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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National suicide: Germany kills Nord Stream 2 to appease Biden

National suicide: Germany kills Nord Stream 2 to appease Biden

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Germany’s leaders are schizophrenic and seemingly suicidal. But they also don’t care a fig for their populations. “German Chancellor Olaf Scholz has issued an order to halt the process of certifying the Nord Stream 2 gas pipeline. Well. Welcome to the brave new world where Europeans are very soon going to pay €2.000 for 1.000 cubic meters of natural gas!“ Russia Warns Of “Brave New World” Of Higher Gas Prices After Germany Halts Nord Stream 2 Update (0900ET): Europe’s energy crisis…

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Dutch Greenhouses Go Dark As Energy Crisis Worsens; Food Inflation Fears Mount For Europe

Dutch Greenhouses Go Dark As Energy Crisis Worsens; Food Inflation Fears Mount For Europe

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Zero Hedge, 2 October, 2021 Soaring European gas and electricity prices are getting worse by the day, forcing a vast network of Dutch glasshouses, the largest on the continent, to limit output or go entirely dark, according to Bloomberg. This could have a devastating impact on food supplies and boost prices ahead of the holiday season.  The Netherlands has become an agricultural giant and is the world’s second-largest exporter of food by value, primarily thanks to its 25,000 acres of…

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European Gas Hits A Record 100 Euros As Russian Gas Flows Collapse By 77%

European Gas Hits A Record 100 Euros As Russian Gas Flows Collapse By 77%

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Zero Hedge, 1 October, 2021 While Russia would never admit it, Putin is slowly but surely tightening the screws on Europe’s hyperinflating energy prices just as China told the world it will buy every source of energy that is not nailed down. On Friday, front-month European nat gas (Dutch TTF) briefly soared to a record 100 euros before retreating, at the as China stepped up a global fight for energy supplies, ordering top energy companies to secure energy supplies “at…

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