marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
gas
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: […]
02/08/2023
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By Cassie B.
As gas prices rise for 5th straight week, experts warn high prices will persist through summer
Gas prices in the U.S. rose for the fifth week in a row during the last week of January, and industry analysts report that they are unlikely to drop in the near future. According to GasBuddy, the national average reported last week of $3.49 per gallon represents a rise of 33.3 cents over the figure […]
01/10/2023
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By Ethan Huff
High cost, low availability: This is the new normal for German energy, warns finance minister
With Russian gas via the Nord Stream pipelines now a thing of the past, Germany will face extremely high energy costs well into the future, says German Finance Minister Christian Lindner. In an interview with Bild, Lindner admitted that the loss of Russian energy could be a death sentence for Germany, which will have an […]
12/14/2022
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By Ethan Huff
German economy suffers another devastating blow as BASF announces “downsizing” will be PERMANENT and IMMEDIATE
The “energy transition” that took Germany from reliable coal and nuclear to wind, solar, and now-unavailable Russian natural gas has destroyed BASF, the world’s largest chemical supplier, which is permanently and immediately “downsizing” its operations. Soaring natural gas prices triggered by Western sanctions against Russia over its invasion of Ukraine have left Germany without any […]
11/11/2022
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By Ethan Huff
Homemade energy crisis? Another refinery, owned by Chevron, goes up in flames – sabotage of oil infrastructure?
The night of the midterm election, another oil refinery, this one owned by Chevron and located in El Segundo, Calif., caught fire under mysterious circumstances. Firefighters were called to the scene, which was described as a “massive fire” – see the video below. Officials say they have no idea how the fire started. ?#BREAKING: A […]
09/15/2022
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By Ethan Huff
SANCTIONS BACKFIRING: European manufacturers closing up shop due to skyrocketing energy costs
There is a pretty good chance that Europe is done for as it pertains to manufacturing. The soaring cost of energy has made it prohibitively expensive for primary-metals producers and other heavy industries to continue doing business across the continent, which is boycotting Russian energy over Vladimir Putin’s invasion of Ukraine. Anti-Russia sanctions have all […]
09/13/2022
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By Ethan Huff
Return to the Dark Ages: European steel, metals industries plead with EU to stop de-industrializing the continent with its sanctions against Russia
Dozens of relevant stakeholders sent a letter to European Commission President Ursula von der Leyen, European Council President Charles Michel, and several others in key position of power calling on them to take immediate action to “prevent permanent deindustrialisation from spiralling electricity and gas prices.” Western sanctions against Russia have made it prohibitively difficult for […]
09/09/2022
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By Ethan Huff
PhD economist says energy and financial situation in Europe is “much worse than many understand,” warns of “mayhem” in weeks or months
Forecaster, associate professor, CEO and economist Tuomas Malinen, PhD, says that economic conditions in Europe are much worse than most people – including Europeans themselves, who are being kept in the dark by their politicians as to what is transpiring – think. In addition to the energy crisis – several of Europe’s largest steel mills […]
07/18/2022
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By Kevin Hughes
Hungarian PM Viktor Orban says anti-Russia sanctions will kill EU economy
Hungarian Prime Minister Viktor Orban said in a radio interview Friday, July 15, that the European Union (EU) sanctions against Russia were “miscalculated” and could destroy Europe’s economy. “The moment of truth must come in Brussels, when leaders admit they have made a miscalculation, that the sanctions policy was based on wrong assumptions and it must […]
07/14/2022
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By Ethan Huff
To continue buying groceries and gas, some Americans are having to take out micro-loans
Swedish fintech company Klarna Bank is seeing increased demand for micro-loans from cash-strapped Americans who are no longer able to afford basics such as food and gas amid skyrocketing inflation. The company says it has seen a flood of applications in recent days for staple items that people need just to survive, as opposed to […]
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