marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
fuel rationing
07/04/2024
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By Zoey Sky
Russia overtakes U.S. as Europe’s primary gas supplier despite ongoing sanctions
Sanctions have failed to stop Russia from overtaking the United States as Europe’s primary gas supplier. Even with the continent’s efforts to reduce its reliance on Russian fossil fuel resources since the beginning of the conflict, reports have revealed that Europe’s gas imports from Russia surpassed those from the U.S. in May. (Related: Russian central bank governor: […]
05/29/2024
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By Ava Grace
Biden admin to sell off almost 1M BARRELS from U.S. fuel reserves in desperate attempt to lower pump prices
The Biden administration has announced plans to sell off almost one million barrels of gasoline in a desperate bid to lower fuel prices as Americans gear up to hit the road this summer. The Department of Energy‘s Office of Petroleum Reserves confirmed the sale, adding that 998,824 barrels will be released from the Northeast Gasoline […]
01/29/2024
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By News Editors
Oil rises as tensions increase in the Middle East
Oil prices rose on Monday following a drone attack on U.S. forces in Jordan, heightening concerns about supply disruptions in the Middle East. (Article by Comfort Ogbonna republished from YourNews.com) Houthi rebels intensified their assaults on vessels in the Red Sea, targeting a fuel tanker operated by Trafigura. The potential for an expanded conflict increased […]
03/08/2023
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By Oliver Young
Study: Germany’s power grid on the brink of collapse
Analysts believe Germany’s power grid is on the brink of collapse and are predicting power outages that could last almost an entire a day in some instances. A local McKinsey study determined that the country will lack four gigawatts of power capacity by 2025 and 30 gigawatts by 2030. “So, we’re heading toward a significant shortage: 30GW […]
02/07/2023
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By Arsenio Toledo
Oil prices to rise above $100 a barrel this year due to lack of investment in energy production capacity
The price of oil will rise back above $100 a barrel this year, and will continue rising in 2024 due to serious supply problems as spare production capacity runs out. This dire warning comes from senior Goldman Sachs analyst Jeff Currie, who spoke at an event in Riyadh, Saudi Arabia. “The commodity super cycle is […]
11/04/2022
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By Ethan Huff
Glass maker Duralex HALTS operations in France due to skyrocketing energy costs
Another major European manufacturer, glass maker Duralex of France, is having to shut down operations due to skyrocketing energy prices. Duralex operates one glass furnace in La Chapelle-Mesmin, in the Loiret, that is no longer operating as of November 1. It will remain on standby for at least five months, we are told, with no […]
07/06/2022
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By Ethan Huff
Oil price could TRIPLE to $380 / barrel, warns JPMorgan, from Putin simply reducing oil exports from Russia
If you think gas prices are bad now, consider what JPMorgan analysts are now saying about the price of a barrel of oil tripling in the not-too-distant future. Right now, a barrel of oil costs about $111. But if JPMorgan analysts are correct, then that same barrel of oil will soon be $380 – and […]
06/28/2022
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By Ethan Huff
Collapse continues unabated: Supply chain problems interrupting company operations all across America
Another American company is embroiled in a serious force majeure situation due to a crumbling supply chain and the war in Ukraine (or so we are told by the media). Master Builders Solutions Admixtures wrote a letter to its customers the other day explaining that raw materials allocations are simply not arriving as contracted, which […]
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