Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
by Bernard (bernard) on Mon Aug 1st, 2022 at 06:37:01 PM EST
UK.gov | G7 Foreign Ministers' Statement on Energy Security, 2 Aug free trade
... We remain committed to considering a range of approaches, including options for a comprehensive prohibition of all services that enable transportation of Russian seaborne crude oil and petroleum products globally, unless the oil is purchased at or below a price to be agreed in consultation with international partners. In considering this and other options, we will also consider mitigation mechanisms alongside our restrictive measures to ensure ["]the most vulnerable["] and impacted countries maintain access to energy markets including from Russia.

We will further reduce our reliance on civil nuclear and related goods from Russia, and assist countries seeking to diversify their supplies. ...

by Cat on Tue Aug 2nd, 2022 at 04:55:22 PM EST
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Let's recap
• Ban G7 member Urals imports ("embargo" Urals)
• Fix G7 $/bbl Urals below cost, inexplicably
• Penalize unauthorized ROW Ural contracts, shipping, insurance, and imports
• Sell G7 Urals prix fixe sanction waivers to world
• Assume OPEC "excess capacity" exports, becaus obligation to balance demand
• Watch RF production collapse, benchmark $/bbl explode
• Profit!

Actual 1YR trend (ex ROW "discounts", bi-lateral currency settlement)

yahoo! Bloomberg | Russia Floating Long-Term Oil Contracts ahead of G7 racketeering, 24 Aug

"We are working very hard to implement this joint project," Scholz told reporters earlier this month. "However, it will not work if only the G-7 countries agree on it. There are others who are needed as partners."
and even then, ya gits. Slava Ukraini!
readovka | It is in Russia's interests to conclude long-term oil contracts with Asians as soon as possible, 24 Aug
The [FY 2022/23] budget still include[s] a price of just $62 per barrel.

by Cat on Fri Aug 26th, 2022 at 03:16:21 AM EST
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Reuters | Oil prices rise on signals OPEC might cut output, ahead of G7 racketeering?
nahhh. US and ECB interest rate hike, yanno, to squeeze the *flation out of energy demand. worldwide.
by Cat on Fri Aug 26th, 2022 at 11:34:16 PM EST
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APsplainin | Yellen warns of failure to agree on Russia oil price cap, 1 Sep
[CAPTION: [US] Treasury Secretary Yellen, right, gestures to the United Kingdom's Chancellor of the Exchequer Nahhim Zahawi during their meeting at the Treasury Department, Wednesday, Aug. 31, 2022, in Washington]
Yellen said a price cap also would limit the impact of higher oil prices on inflation in consuming countries, with the cost of gasoline and diesel still squeezing consumers and businesses hard, especially in Europe. To be effective, participating countries would have to collectively agree to purchase the oil at a lower-than-market price.
G7 "effective" scenario

volDemoRT | Russia issues oil supply warning to G7, again, 1 Sep embargo fu

"In my opinion, this ["price cap"] is a complete absurdity... To those companies or countries that will impose restrictions, we will not supply our oil and oil products, because we are not going to work under non-market conditions," he told reporters, commenting on a plan to limit prices on Russian oil currently being discussed by the Group of Seven (G7) countries.
so go ahead. Pay more for less "free market" oil and gas. OPEC+ Norway+ Seven Sisters thank you.
by Cat on Thu Sep 1st, 2022 at 09:20:12 PM EST
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wut: "Maximising the gas price is one of the proposals that the Czech Republic wants to put on the table, Sikela said."
by Cat on Thu Sep 1st, 2022 at 09:27:44 PM EST
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restraint of trade (*-English)
and disturbances in the antitrust farce
by Cat on Thu Sep 1st, 2022 at 09:34:41 PM EST
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euractiv | 10 heads of the G7 splainin, 2 Sep
Western G7 leaders agreed in June to explore a cap to limit how much [G7] refiners and traders can pay for Russian crude - a move Moscow says it will not abide by and can thwart [G7 racketeering] by shipping oil to states wholesale buyers not obeying the price ceiling [G7 law enforcement].
< wipes tears >
The G7 consists of Britain, Canada, France, Germany, Italy, Japan and the United States. The G7 meetings also include < wipes tears > EU officials, representing the [European] Commission and the [European] Council. Some officials in the bloc have said that the cap needs broader backing [international producers'agreement?] and have questioned whether [bid-rigging] can be successful without the participation of major oil consumers China and India, which are unlikely to endorse the plan. But other G7 officials [EU High Representative?] have said that China and India have expressed interest in buying Russian oil [from WHOM?] at an even lower price in line [sic] with the cap than G7 MSRP.
Another G7 official said that the bloc has "a desire to show there's momentum on this" ahead of the European Union's planned imposition of a regional embargo on prohibition of member licensed or illicit purchases of Russian crude on 5 December.
S&P Global Commodity Insights (price discovery)

• Platts excludes Russian-origin material from European LPG assessments effective Sept 1

• Platts excludes Russian-origin material from European gasoline assessments effective Sept 1

• Platts excludes Russian-origin material from European jet fuel assessments effective Sep 1, 2022

• Platts excludes Russian-origin product from European 1%S FO and 0.5%S MF assessments from Sept. 1

• Platts discontinues nine Asia clean tanker assessments, from Sept 1

• Platts to discontinue Indonesia's Handil Mix, Australia's Gippsland crude assessments from Jan 1, 2023

• Platts to discontinue assessments of Abu Dhabi crudes differentials to OSP from Jan 1, 2023

• Discontinued USDA third party grains and biofuels symbols

• Platts discontinues some third-party grains data, August 31

• Platts discontinues publishing assessments for Eagle Ford Postings Average, August 22

• Discontinued CEC carbon credit symbols, August 16

by Cat on Fri Sep 2nd, 2022 at 03:15:11 PM EST
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separated at birth

UK inflation will soar to 'astronomical' levels over next year, thinktank warns
"there will be 'no respite' for British households and businesses"
by Cat on Wed Aug 3rd, 2022 at 09:13:35 PM EST
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by Cat on Thu Aug 4th, 2022 at 11:38:47 AM EST
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by Cat on Thu Aug 4th, 2022 at 11:45:06 AM EST
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The Plan:
It's simple: we are demanding a reduction of energy bills to an affordable level. Our leverage is that we will gather a million people to pledge not to pay if the government goes ahead with another massive hike on October 1st.

Mass non-payment is not a new idea, it happened in the UK in the late 80s and 90s, when more than 17 million people refused to pay the Poll Tax - helping bring down the government and reversing its harshest measures....

euronews | human interest feature
by Cat on Thu Aug 4th, 2022 at 10:58:20 PM EST
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by Cat on Tue Aug 9th, 2022 at 11:00:21 PM EST
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UK Supermarket Iceland Offers Loans to Help Struggling Shoppers Buy Food17 Aug universal credit
Iceland will partner with non-profit lender Fair For You to offer loans of 25-100 pounds ($30-$121) through pre-loaded cards to financially vulnerable customers, who can make repayments once a week.
The loan scheme would offer flexible repayment programmes and borrowers would not be harassed by debt collectors, Walker said on Sky News earlier on Wednesday. He also said loans would not be sold off to third parties.
The loans will be limited to six windows through the year to coincide with school holidays when expenses usually rise, Iceland said.
UK inflation hits 10.1%, driven by soaring food and fuel prices - ONS, 17 Aug
by Cat on Wed Aug 17th, 2022 at 02:29:26 PM EST
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Sky News | UK's ability to train fast jet pilots in crisis as threats grow from Russia and China, leaked documents suggest, 5 Aug Rodents of Unusual Sizes
"An internal memo from May and slides from a meeting of top RAF officers in July, seen by Sky News, reveal."
by Cat on Sat Aug 6th, 2022 at 12:19:08 PM EST
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UK wants criminal migrants to scan their faces up to five times a day using a watch, 7 Aug
The UK's Home Office [Priti Panopticon] and Ministry of Justice want migrants with criminal convictions to scan their faces up to five times a day using a smartwatch kitted out with facial-recognition software.

Plans for wrist-worn face-scanning devices were discussed in a data protection impact assessment report from the Home Office. Officials called for "daily monitoring of individuals subject to immigration control," according to The Guardian this week, and suggested any such entrants to the UK should wear fitted ankle tags or smartwatches at all times.

In May, the British government awarded a contract worth £6 million to Buddi Limited, makers of a wristband used to monitor older folks at risk of falling. Buddi appears to be tasked with developing a device capable of taking images of migrants to be sent to law enforcement to scan. ...

archived Winners and Losers in Electronic Monitoring
by Cat on Sun Aug 7th, 2022 at 10:34:17 PM EST
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UK must curb influence of European human rights rules, says [Suella] Braverman, 10 Aug
Removing the UK altogether from the ECHR, the rights of which were incorporated into UK law in 1998 with the Human Rights Act, is viewed as notably difficult, not least as the ECHR was an integral part of the Good Friday deal that brought peace to Northern Ireland.

In June, the government pledged to introduce a UK new UK bill of rights, saying this would greatly reduce the influence of the ECHR and the European court of human rights.

Asked about efforts to decouple UK law from Strasbourg during a Q&A after her speech, Braverman claimed this was possible using domestic legislation, saying: "So we can find legislative means. I think it's something we definitely support going forward, with our bill of rights."

Policy Exchange | Keynote Speech by Rt Hon Suella Braverman QC MP - Equalities and Rights: Conflict and the Need for Clarity, 10 Aug transcript
by Cat on Wed Aug 10th, 2022 at 04:46:25 PM EST
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Left Foot Forward | Liz Truss attacks British workers to deflect from Tory failings on the economy

[Prem SIKKA:] "The UK's ruling Conservative Party does not accept responsibility for any of its disastrous policies. The long list includes botched Brexit which has created shortages of goods, services and labour, the highest rate of inflation for 40 years, the highest tax burden for 70 years, the biggest fall in living standards since the 1950s, the biggest fall in real wages for 100 years and the worst economic growth prospects in G20 countries. It always blames others."

That mind-set is revealed by a leaked audio recording in which Liz Truss, frontrunner to be the next Conservative Party leader and effectively the Prime Minister, blames workers for economic woes. ...

by Cat on Sat Aug 20th, 2022 at 08:40:55 PM EST
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Oil Price | UK's Centrica Signs $8.5B Long-Term Deal To Import U.S. LNG, 9 Aug
Centrica, the owner of British Gas, has signed a heads of agreement with U.S. firm Delfin Midstream to import LNG starting in 2026 from a planned floating LNG export facility offshore Louisiana, in a 15-year-deal worth USD 8.5B (GBP 7B).

Delfin has thus secured another long-term customer, which is expected to facilitate a Final Investment Decision (FID) for Delfin Deepwater Port, the first floating LNG export facility in the United States, by the end of this year, the companies said in a joint statement on Tuesday.
In June, Centrica signed a deal with Norway's major Equinor for the delivery of an additional 1 billion cubic meters (bcm) of gas supplies to the UK for each of the next three winters. Centrica has also been awarded by UK authorities a gas storage license for the Rough site in the southern North Sea--a site that was closed in 2017, but could reopen as early as this winter.

by Cat on Wed Aug 10th, 2022 at 01:26:00 AM EST
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The Australian gang who has produced "Honest government ads" has come up with one for the UK: Brace yourself, this is brutal.

by Bernard (bernard) on Tue Aug 23rd, 2022 at 03:59:41 PM EST
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Sewage in sea: French appeal to EU over UK discharges of waste
A file photo shows untreated sewage flowing into a river

The UK is threatening health and marine life on the French coast by allowing raw sewage to be dumped in the Channel and North Sea, say three Euro MPs.

Pollution warnings have been issued for almost 50 beaches in England and Wales, after heavy rain caused sewage overflow to be diverted into rivers and the sea.

The French MEPs accuse the UK of neglecting environmental commitments and risking marine life and fishing.

British water companies have said they are investing in solving the problem.

Since its departure from the European Union, the United Kingdom had neglected its environmental commitments, the MEPs said in a letter calling for legal or political action from the European Commission.

by Bernard (bernard) on Fri Aug 26th, 2022 at 09:01:31 PM EST
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