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Energy Policy No Green Party BS

by Oui Mon Mar 7th, 2022 at 01:01:10 PM EST

Fossil Fuel Economic Revival

Oil price jumps to >$140 pb

Saudi stock market records highest closing since July 2006

  • Saudi Stocks a continual rise
  • Asia and European stocks crash
  • Food scarcity by summer as bread, etc doubles in price
  • Inflation will hit the poorest who always are hit by an economic downturn
  • What is the price the empire and allies are willing to take for the destruction of Russia?

Amazing triumph of capitalism

European stocks sink 3% as U.S. and Europe consider Russian oil ban | CNBC |

No Diplomacy Means War

Fossil Fuel Economic Revival

Thx WallStreetJoe!

Beneficiaries the oil producing giants Saudi Arabia, America and Russia ... nrs 1,2,3 ...

Oil stocks surging as does bit coins, gold, precious metals, commodities ... wrecking communities and society ... the great divide.

India on a downturn as the economy cannot survive on high energy price ...

World Food Prices Skyrocket Amid Russia Ukraine War

For 2022 Risk of Nuclear War Not Zero

American War Hawks Demagogues

#MichaelWeiss: displayed his Russophobia many times before ...

How does Hamilton 68 Dashboard differ from PropOrNot? | Feb. 1, 2018 |

We need to stop being intimidated by a bully who thrives on fear ... mirror, mirror on the wall 😎

Pentagon Creating A 'Gulf of Tonkin' Event

Putin has been clear-eyed from the start of hostilities. Interference by any foreign power will be dealt with instantly.

No-fly Zone Would Push NATO Into War

Continuation of War w/o Talks Leads to Worst Case Scenario

With friends like Samantha Power, Erik Prince, Dubai Sheikh Mohammed bin Rashid Al Maktoum, Abu Dhabi Sheikh Khalifa bin Zayed bin Sultan Al Nahyan ... Who needs adversaries?

Samantha Power, the Monster, and the Libyan Intervention | by Frank Schnittger Thu Mar 31, 2011 |

Libyan War - Third Mothership | by Nomad Wed Mar 23rd, 2011 |

Building on previous success ... 😠

Her new found ally

"I thanked the UAE for its growing humanitarian contributions globally."

Zelensky campaigned on promise for a peaceful settlement, instead the war hawks forced him into a whole new character ... from actor to president a role he knew well, to a commander-in-chief  ... failed as leader, he's no Boris and far from being a Winston or Monty ...

Has criticism on the person pulling his strings ... at least he is communicating.

Hold on, now. The WORLD'S LARGEST OIL PRODUCER pledged to release 30M bbl from its strategic reserve.

VICTORY is right around the corner.

by Cat on Mon Mar 7th, 2022 at 02:32:56 PM EST
Trump haters of Russia shoved by a belligerent US Congress #russiagate explanation loss #hillary

Today a victorious Biden presidency to get rid of a competitor aiming to be allied to mainland #europe ...

'Sapere aude'
by Oui (Oui) on Mon Mar 7th, 2022 at 03:16:26 PM EST
BLOOMBERG | Russia's New Bond Rules Split Creditors Based on Sanctions
Vladimir Putin introduced new rules for foreign creditors that will set debt payments depending on whether or not investors are based in a country that's sanctioned Russia, dividing bondholders into two distinct categories. Authorities said at the weekend that Russia and Russian companies will be allowed to pay creditors from "countries that engage in hostile activities" in rubles, even on securisecurities denominated in other currencies. But they also said creditors in countries that haven't imposed sanctions may be able to receive the payment in foreign currency with special permission.

The countries deemed "unfriendly" include the U.S., the U.K., Japan and European Union members.
For many LOL, the key date coming up is March 16. That's because while some of Russia's foreign sovereign debt allows repayments in rubles, the $117 million worth of coupons on dollar bonds due on that day don't have that option. If Russia decides to pay in rubles, it could eventually lead to a default and trigger the credit-default swaps -- the contracts insuring against such risks.

conflating AE and EME exchanges
Russian corporate bonds denominated in foreign currencies have plunged to deeply distressed levels as investors weigh the impact of the sanctions and capital controls. The ruble has fallen to a record low and the stock exchange has been shut for more than a week [TO WHOM?].
Earlier this month, Russia made a coupon payment on sovereign bonds known as OFZs. While Russia's National Settlement Depository received the money, foreign bondholders weren't paid because of the ban on foreign payments. That triggered a debate over whether or not that constituted a default. ...But a different procedure will apply to creditors from countries that have imposed sanctions, the central bank said. Ruble payments to them will be made to special ruble-denominated accounts in the name of foreign creditors for settlement.
by Cat on Mon Mar 7th, 2022 at 03:37:53 PM EST

11 dead as coalition bombs Yemen after UAE attack | France24 - Jan. 18, 2022 |

'Sapere aude'

by Oui (Oui) on Mon Mar 7th, 2022 at 04:04:57 PM EST

'Sapere aude'
by Oui (Oui) on Mon Mar 7th, 2022 at 06:09:58 PM EST
As usual, Oui, you pull together a lot of interesting material in this thread.

As usual, the thread title is incomprehensible and/or bears no obvious relation to the thread content.

But your editorial content boggles the mind...

Zelensky campaigned on promise for a peaceful settlement, instead the war hawks forced him into a whole new character ... from actor to president a role he knew well, to a commander-in-chief  ... failed as leader, he's no Boris and far from being a Winston or Monty ...

The war hawks? Oh right, the people who forced kind, peaceful Vlad to invade his country...

Zelensky's ratings are pretty good these days. That would likely be the case even if he was "performing poorly" - war often has that effect; but on the contrary he seems to be doing a fair job, within the limits of current circumstances.

He has negotiated with the Russians; Putin, in typical style, is negotiating nothing, just dictating that the Ukrainians must lay down their arms, and accept as-yet unrevealed border adjustments. I suppose that his refusal to accept surrender is what makes him bad, in your eyes?

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Mar 7th, 2022 at 07:25:54 PM EST

Working on the Atlantic Alliance ...

'Sapere aude'

by Oui (Oui) on Mon Mar 7th, 2022 at 11:10:53 PM EST

'Sapere aude'
by Oui (Oui) on Tue Mar 8th, 2022 at 09:08:22 PM EST

'Sapere aude'
by Oui (Oui) on Wed Mar 9th, 2022 at 10:48:03 PM EST
Invasion of Ukraine, rising commodity and oil prices and sanctions likely to have major impact on economy | CEBR |

Russia's invasion of Ukraine is likely to have a large effect on the UK economy. The scale of this effect is likely to be in the mind of Chancellor of the Exchequer Rishi Sunak when he releases his Spring Forecast Statement on 23 March 2022.

Based on our scenario analysis which assumes a high transmission of sanctions to global commodity prices and UK inflation, we estimate that GDP growth this year will be halved - down from a previously forecast 4.2% in 2022 to 1.9%. And growth in 2023 is reduced from 2.0% to 0.0%. The reduction in real GDP in 2022 is £51.4 billion; that in 2023 is £42.5 billion. Cumulatively this is a reduction in GDP of more than £90 billion per annum.

The main channels for these impacts are the rising cost of living, a reduction in consumption and reduced exports because of sanctions on Russia.
The effect of higher commodity prices reduces the level of disposable income by 1.9% in 2022 and by 2.1% in 2023. As a result we estimate that disposable incomes will fall in 2022 by 4.8% with a further fall of 1.4% in 2023. The fall in 2022 is the largest since records started in 1955.

The forecast fall in living standards this year is an estimated £71 billion - which amounts to £2,553 per household.

UK household incomes facing biggest decline since mid-70s, says thinktank | The Guardian |

As Mark Rutte explained in Dutch parliament with unanimous approval, we are willing to carry the cost for our freedom. Never, ever heard of such bs argument where war with Russia should never have been an option.

'Sapere aude'

by Oui (Oui) on Thu Mar 10th, 2022 at 07:00:35 AM EST
They have been roaming the houses in Schevening for 3 years telling ppl that 'they should stop depending on Russian gas and switch (at their costs) for electrical cooking, heater.'

Today in the centrum some posters with qr-codes "join the Ukr fight to defend Europe". BTW, who in the NL gives a fuck about the EU apart from the Rutte fans who can't imagining living without an AOW and an off-shore bank account for their extras? (Add to those their spoiled brat kids who know very well the advantages they get of being a fiscal paradise and keep voting for the crooks to keep the privileges).

Syria bis. When the mercenaries they have recruited via FB and these posters from all other the world will fail to get an EU passport, do not be surprised when they start to explode themselves in the public transportation.
Fully trained by Nato/EU and our taxes. I read somewhere that this latest "brigade internationale" -the word was used already by a Le Monde journalist about the djihadi youth that travelled from their impoverished EU suburbs to fight the evil red Asad- has already some 40+ nationalities.

by Tom2 on Thu Mar 10th, 2022 at 09:04:31 AM EST
[ Parent ]
BTW, who in the NL gives a fuck about the EU

Would you be looking for a fight now? [insert emoticon of choice]

Undoubtedly there are older people who never leave their polder or wanted to see a foreigner; but in my experience, younger Dutch folk are very mobile, and not particularly stupid. So good luck with taking them out of the EU.  

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Thu Mar 10th, 2022 at 10:28:49 AM EST
[ Parent ]
Beyond oil, natural gas, and wheat: The commodity shock of Russia-Ukraine crisis | Atlantic Ciuncil |

Russia's invasion of Ukraine pushed Brent crude oil prices over $130 per barrel on Monday, threatening the fragile post-pandemic recovery of the global economy. Wheat prices are also up by more than 60 percent, increasing the risk of hunger and civil unrest in economies where governments can't afford to further subsidize bread, and which depend on large amounts of wheat imports from Russia and Ukraine -- mainly those in the Middle Eastern, North African, and South Asian regions.

Around 14 percent of all global coal briquettes exports are sourced from Russia, making it the world's third largest exporter of this strategic commodity that is used heavily in power generation and energy intensive manufacturing (Figure 2). As of 2020, coal accounted for more than 27 percent of all energy consumption in the world, second only to oil -- at 31 percent (Figure 3).

In addition to its wide use in coins, nickel is essential to battery technologies. Moreover, because of its resistance to corrosion, nickel is crucial in a wide variety of products ranging from wire, nails, and pipes, to gas turbines and propeller shafts in boats and desalination plants. Accounting for more than 28 percent of the world's raw nickel exports, Russia is by far the leading exporter.

Platinum & Palladium
Russia accounts for 16 percent and 24 percent of platinum and palladium global exports, respectively (Figures 8 and 9). These metals are mainly used in jewelry, dentistry, and electronics -- as electrical contacts, and catalytic convertors.

Neon is a byproduct of steel manufacturing and is central to the semiconductor industry. Around half of the world's neon is supplied by Russia and Ukraine, and more than 90 percent of neon used in the U.S. chip industry is sourced from Ukraine. The negative impact of neon shortages on an already ailing semiconductor industry cannot be underestimated. Its ripple effect would reach far across the global economy.

We are two weeks into the worst crisis that Europe has faced since World War II. Most experts anticipate a prolonged period of geopolitical tension with elevated prices and risk premiums across all commodities and foods, especially those directly sourced from Russia and Ukraine.

'Sapere aude'
by Oui (Oui) on Sun Mar 13th, 2022 at 06:07:45 AM EST

Commodity markets and the war in Ukraine | Investments Insight |

Related reading: Economic Cycli

Riding out the slump: the outlook for commodities markets | Financier Worldwide - January 2016 |

'Sapere aude'

by Oui (Oui) on Sat Mar 19th, 2022 at 01:00:17 PM EST
[ Parent ]
One must admit, we are living in interesting times, albeit pathetically hollow.
I quote again:
Don't drive your car on a Sunday says the IEA, and we'll hurt Putin's oil sales, the West is now nothing more than a laughing stock, and embarrassment, as the pathetic witch hunt against all things Russian looks for new ways to try and hurt Russia. The mask has finally fallen away from the face of Nato and the EU, and what we see is a deceitful, controlling, self-serving, asset stripping, sanctions applying, group of nations who think that the rest of the world should heed them and follow their lead or be sanctioned or razed to the ground under the guise of bringing democracy and freedom to whatever country finds itself in their crosshairs.

"Car-free Sundays in cities, working from home up to three days a week and using cost-efficient public transport - are just some of the recommendations made by the International Energy Agency (IEA) to the world. The 10-point action plan aims at cutting back on oil consumption "in the face of the emerging global energy crisis triggered by Russia's invasion of Ukraine."

According to IEA estimates, the actions it suggests, should they be implemented globally, could help reduce oil consumption by 2.7 million barrels per day (bpd) within four months, which would be equivalent to more than half of Russia's exports. It is estimated that the world consumes nearly 100 million barrels daily."

by Tom2 on Sat Mar 19th, 2022 at 03:27:22 PM EST
[ Parent ]
Russia's MFA Reacts on Zijlstra Affair | Feb 13, 2018 |

On February 14, the Minister of Foreign Affairs of the Kingdom of the Netherlands, H. Zailstra, will pay a working visit to the Russian Federation. This is his first visit to Russia since his appointment as Foreign Minister in October 2017. The Netherlands is one of the few EU countries that has pursued a policy of limiting bilateral contacts with Russia through government members, with the exception of meetings of foreign ministers.

Russian-Dutch relations are overshadowed by the unprecedented anti-Russian campaign unleashed in the Dutch media, the bias of the Netherlands-led investigation into the wreck of the Malaysian Boeing in 2014 in eastern Ukraine, the decision of the Tribunal in the case of Arctic Sunrise, the unjust verdict of the Amsterdam court on the transfer of the exhibits "Crimea - a golden island in the Black Sea" to Ukraine, and not to Crimean museums.

Despite the official line of The Hague, Dutch business is interested in developing cooperation with our country. In 2017, the 125th anniversary of the beginning of the Russian oil and gas company Shell, which today is the largest foreign investor in our economy, is participating in the Nord Stream-2, Baltic LNG and Sakhalin-2 projects.

Foreign affairs minister Halbe Zijlstra has admitted lying about being at a meeting where Vladimir Putin supposedly set out his plans for a 'Greater Russia'

Cabinets Mark Rutte and years of lies and anti-Russia propaganda 😠

Related reading ...

Putin 2-Day State Visit to The Netherlands ¶ Busy Business Schedule | by Oui Thu Nov 3rd, 2005 |

'Sapere aude'

by Oui (Oui) on Tue Mar 15th, 2022 at 10:38:32 AM EST
In the style of leader Mark Rutte .... but results?

... a bit wet behind the ears 😖


    Less Russian gas can go hand-in-hand with our climate ambitions and a lower energy bill. That's why we're going to:

  • reduce gas consumption with more insulation in houses and businesses;

  • accelerate with clean energy;

  • preparing for the winter with extra LNG and increased gas storage

'Sapere aude'
by Oui (Oui) on Tue Mar 15th, 2022 at 10:44:18 AM EST
Groningen gas last resort if Russia-Ukraine war drags on: Energy Min.

Extracting more gas from Groningen is a "very, very last resort in the event of a very large conflict that lasts a long time." That said Minister Rob Jetten (Climate and Energy) when asked whether the government would count on Groningen gas again because of the conflict between Russia and Ukraine.

Jetten added that he is "not seriously thinking bout this option at the moment because there is no need for it now." The Cabinet is working on phasing out gas extraction and plans to stop it "as soon as possible."

According to Jetten, the Netherlands and other European countries also currently have enough gas in stock to get through the rest of the winter.

Under pressure, all ministers in cabinet Rutte IV fail miserably.

'Sapere aude'

by Oui (Oui) on Tue Mar 15th, 2022 at 10:45:33 AM EST
[ Parent ]
Story of change: The dash away from gas: how the Netherlands kicked a big fossil fuel habit | Rutte's Stunt Team |

The Netherlands plans to abandon its gas grid and use this monumental shift to drive the de-carbonisation of its wider built environment. Natural gas is to the Netherlands what oil is to the Gulf States and it has completely shaped its economic and industrial legacy. In 1959, the ninth largest natural gas field in the world was discovered in the northern province of Groningen and within just five years, nearly all Dutch homes were connected to the gas grid. As of 2018, gas heated nine in every ten homes in the Netherlands and 38% of total energy consumption went towards heating (of which over half goes to residential buildings). The change came following a series of earthquakes caused by fracking, which created a huge public outcry. In 2019, the Dutch decided to go completely gas-free by 2050, and to halt domestic production by 2030 - although this could happen as early as 2022.

Norg reconfiguration to shift Dutch gas blending

The supply of converted high-calorie gas to the Norg storage site and Germany's Gaspool market area may significantly shift the scope for Dutch blending between seasons, with a pronounced fall expected in winter.

'Sapere aude'

by Oui (Oui) on Sat Apr 2nd, 2022 at 08:50:59 PM EST
[ Parent ]
Personification of utter failure ... if necessary we'll shut the valve of gas supply to a province.

Transition to green energy ... shutting down coal fired power plants before alternate sources are available. In today's crisis, extreme high energy prices a benefit to OPEC countries and Putin too. The EU to the rescue: gas and nuclear plants are green too!

'Sapere aude'

by Oui (Oui) on Tue Mar 15th, 2022 at 10:47:42 AM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Tue Mar 15th, 2022 at 10:49:33 AM EST
[ Parent ]
Sustainability Distribution of Gas to Dutch Households

'Sapere aude'
by Oui (Oui) on Tue Mar 15th, 2022 at 10:50:39 AM EST
[ Parent ]
EU considers cap on gas prices to limit soaring energy prices | Brussels Times |

De Croo after EU summit: "More and more countries in Europe are realizing that intervention on gas prices is becoming inevitable"

More and more Member States of the European Union are realizing that it is inevitable that action will be taken to cap the gas price. Prime Minister Alexander De Croo (Open VLD) said this after the European summit in Versailles. The European Commission is now preparing a proposal for the next European summit, in two weeks.

Dutch PM Mark Rutte opposed the suggestion of EU internvention ...

'Sapere aude'

by Oui (Oui) on Tue Mar 15th, 2022 at 10:52:18 AM EST
Don't the MP's understand ... it's fracking for our freedom!

Oil price falls below $100 amid Russia-Ukraine ceasefire talks

'Sapere aude'

by Oui (Oui) on Tue Mar 15th, 2022 at 09:07:54 PM EST

'Sapere aude'
by Oui (Oui) on Tue Mar 15th, 2022 at 09:09:16 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Thu Mar 24th, 2022 at 06:00:56 PM EST

'Sapere aude'
by Oui (Oui) on Thu Mar 24th, 2022 at 06:04:52 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Thu Mar 24th, 2022 at 06:06:29 PM EST
[ Parent ]
Opinion: Don't demonise de-carbonisation

The energy debate was polarised long before Russia's invasion of Ukraine. Those divisions are being cleaved wider with every day that passes. There is a popular take doing the rounds among a certain faction of energy commentators that goes like this:

    Europe tried to rely on renewables but moved too fast, leaving itself reliant on natural gas for backup - which it naively procured from Russia, strengthening the hand of Vladimir Putin and funding Russian military expansionism. Therefore, green policies and decarbonisation bear some responsibility for the atrocities we are now witnessing in Ukraine.

Europe's dependence on Russian gas was short-sighted. A fateful mix of naivety towards Russia's trustworthiness, prioritisation of 'the market' over geostrategic allegiances, wilful historical ignorance and corruption of European energy politics all created opportunities for Moscow to exploit.

Time for renewables 2.0

Anti-renewables zealots have been quick to accuse variable-output power generators for exacerbating the EU's Russian gas dependency. 'Dunkelflaute' - a German word describing lengthy mid-winter periods of low wind and solar availability coinciding with high heat and electricity demand - is often cited as the Achilles' heel in Europe's embrace of intermittent energy sources.

It is true that energy storage technologies cannot yet displace gas in its role of covering prolonged or seasonal variations in renewable output, but that is not to say renewables aren't helping. On the contrary, wind and solar displace power generation from other sources, and since they have no fuel costs, they displace more expensive conventional generation, such as thermal power from gas, coal or other fossil fuels.

'Sapere aude'
by Oui (Oui) on Thu Mar 24th, 2022 at 06:03:55 PM EST

'Sapere aude'
by Oui (Oui) on Sat Apr 2nd, 2022 at 08:52:08 PM EST
[ Parent ]

Looking at today's high energy prices and corporate profit windfall ...

Dutch coal-fired power plant to remain operational longer than planned

Another black face for the Rutte coalition to meet their already downrated emission standards ☹

'Sapere aude'

by Oui (Oui) on Sat Apr 2nd, 2022 at 09:00:01 PM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sat Apr 16th, 2022 at 06:53:55 PM EST
[ Parent ]

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