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Consequences of War In Europe

by Oui Sun Dec 4th, 2022 at 10:11:32 AM EST

How does the fabricated energy crisis touch your personal life ...
How have you adapted your personal lifestyle ...
Managing household budget under inflationary pressure ...
Overall profit taking of business taking advantage of surge in prices ...

The greatest bs of the war in Ukraine, fought to "protect our freedom" ...

The long term effects on the European economies as military spending surges and consumers are left with a sixfold up to a tenfold energy costs and the fossil fuel suppliers reaping wartime profits.

Politicians are the sheep as wolves unite in packs to attack.

Biden is willing to meet once in the saloon car of Compiègne for full surrender.

Biden 'happy to sit down with Putin' to discuss ending Ukraine war

Are there any leaders in Europe concerned about the damage to the European Union as most nations reverse their attitude to self- or national interests first! MAGA followed by Brexit and a return to isolation of smaller nations as France and Germany protect their own industry.

UK oil and gas producers say windfall tax makes some projects 'uneconomical' | EuroNews - Green |

The two windfall taxes are expected to generate £45bn over six years depending on movements in energy prices, according to the Financial Times. The North Sea windfall tax had been forecast to raise around £28bn over four years.

The move to curb the profits on electricity generators represents a departure from the former prime minister Liz Truss's plan to cap the revenues of renewable and nuclear power producers from next year, in line with the EU's "revenue cap".

After the successes of globalization, we offer the upside of deglobalization

Your Commander-in-Chief of Wall Street Interests ...

History of U.S. Congress and the German-Russian Nord Stream pipelines ... don't be presumptuous you will make an impression on your American "ally".

On US state visit, Macron to draw the line on American protectionism | France24 |

Long live the authoritarian regimes of the Arabian peninsula ... delivering Oil & Gas ... no strings attached 🤥

The deal struck with QatarEnergy is set to go into effect in 2026 and last 15 years | DW News |

Qatar's state-owned oil and gas company has agreed to send Germany two million tons of liquefied natural gas (LNG) a year, QatarEnergy's CEO said.

Moscow confirms its refusal to put a ceiling on the price of Russian oil

In the meantime China president Xi Jinping ...

This map shows the massive gas pipeline that Russia and China are building | CNBC |

by Oui (Oui) on Sun Dec 4th, 2022 at 10:13:34 AM EST
Energy and Transport: Between Yesterday and Tomorrow | The Netherlands - 1978 | (pdf - 136 pp)


Trading in uncertainty

Transport and energy, devoting an issue of a magazine to this theme is still a risk, because it is surrounded by uncertainties. Yet one certainty is paramount with this theme, namely that energy in its present form and size will not be available for the future.

Transport is movement and energy is the indispensable condition for that movement. Using widely differing techniques, primary energy raw materials 1) such as crude oil, coal, gas, raw materials for nuclear energy, are converted into movement and this is how the movement process arises. The final phase of the conversion into motion takes place in the means of transport itself, so that the holder of one or more means of transport is faced with at least two main questions: am I being offered enough energy and at what price, to which the second, perhaps even more important question is linked? know the technical form in which the energy is offered. No society is possible without displacement processes, so that everyone, without exception, is involved, whether as an entrepreneur or as a user, privately or in a business household, or as a functionary in an organization or within government.

Authoritative voices are now being raised, warning that far-reaching changes can be expected in the foreseeable future and that the time has clearly come to respond to the future situation. Down-to-earth practicality then leads to the question of how long the limited time of the current energy supplies will last, along which lines the response to changing energy situations will proceed, what types of energy can be expected and who will respond to that will take the lead. The assumption seemed legitimate that the readers of this magazine would be interested in a field survey in this direction.

Partly apart from the foregoing, there is still the question of how to deal with an acute political crisis. We experienced something of that in 1973/1974. Fortunately, the crisis was contained, but the tensions that came to light then continue to have an effect, the creaking in the joints of the world can be heard.

Taken as a whole, the situation certainly encourages action, but it is also characterized by many questions.

'Sapere aude'
by Oui (Oui) on Sun Dec 4th, 2022 at 01:20:54 PM EST
Hard cash from consumers to fossil fuel giants ... madness. How will homeowners be able to invest in insulation and sustainability.

'Sapere aude'
by Oui (Oui) on Sun Dec 4th, 2022 at 01:22:08 PM EST
West challenged by China's Green Energy Products

Cutting energy prices will take years - power boss | BBC News |

The International Energy Agency has said that China's dominance of solar and wind turbine production creates "potential challenges that governments need to address".

Mr Starace said the West has been over-reliant on China for renewables and other goods.

"Some rebalancing needs to be happening because it is healthy," he said, when asked about geopolitical tensions interfering with energy supplies.

This has helped drive Enel's investment in solar panels, although the expansion of the Sicilian factory will still meet only 10% of Europe's needs, he said.

'Sapere aude'
by Oui (Oui) on Sun Dec 4th, 2022 at 01:22:56 PM EST
[ Parent ]
What an array of sanctimonious "media operator" ignorance to memorialize phase changes of the metaphorical G7 Russian oil and gas "embargo" and very real, lethal export of world wars expeditionary forces since...c. 1700 CE.
by Cat on Sun Dec 4th, 2022 at 05:55:36 PM EST
Not sure Neocon Niall is the best lede authority for nonintervention.
by rifek on Tue Dec 6th, 2022 at 02:40:21 AM EST
That was a big surprise like a double negative 😂

I normally quote him as a neocon together with his spouse Ayaan Hirsi Ali. Perhaps just a slip of the tongue.

'Sapere aude'

by Oui (Oui) on Tue Dec 6th, 2022 at 05:36:59 AM EST
[ Parent ]

'Sapere aude'
by Oui (Oui) on Sun Dec 11th, 2022 at 06:09:29 PM EST

'Sapere aude'
by Oui (Oui) on Sun Dec 11th, 2022 at 06:13:57 PM EST
Central Heating is a luxury I can't afford .... have shut down gas heater to just keep house at 16 degr C ... have added electric heaters in office and living room to be comfortable at 20* C. Still at high energy price costs me €20 to €25 a day. For many households they are in a far worse situation. Rutte and free market dogma ... price gouging by big oil and fossil fuel corporations across the EU-27.

'Sapere aude'
by Oui (Oui) on Sun Dec 11th, 2022 at 06:26:15 PM EST
[ Parent ]
Plunge in Wind Power Is Next Big Test for European Power Market | Bloomberg |

After this week's cold snap in Europe, electricity traders on the continent and in the UK are bracing for what a slump in wind power over the next few days will do to prices. 

Following an autumn that was milder than normal, a December freeze has sent prices soaring. Warnings of power shortages have become more likely and a dearth in supplies from UK, German and Nordic wind parks is set to test grids further. 

"It will be worst on Sunday and Monday, with some extreme hourly prices, especially in the UK," said Fabian Ronningen, an analyst at Rystad Energy AS.

UK power for Friday settled at £378.15 per megawatt-hour on Thursday morning in auction, the most expensive since the last day of August. Nordic and German prices are also the highest in months. 

Grid operators have bolstered preparations ahead of what may be the most difficult winter anyone can remember. In France and the UK, some households are on standby to turn down consumption. Britain's grid operator has paid almost £400 million ($487 million) for reserve coal supplies to be kept available. Authorities in Sweden and Finland flagged that outages may occur as demand peak. 

Arctic Blast to Test Swedish Power Grid as Reactor Shuts

Svenska Kraftnät: Electricity market and electricity prices

'Sapere aude'

by Oui (Oui) on Sun Dec 11th, 2022 at 06:26:57 PM EST
[ Parent ]
the "market correction mechanism" is functioning as planned.

euronews | EU gas cap will be 'immediately' suspended if LNG cargoes go elsewhere, 17 Nov

The EU's proposed cap to rein in high gas prices will be "immediately" switched off if it leads to unforeseen and detrimental consequences for the bloc's economy, according to senior EU officials.

There are fears that a price cap, which aims to curb market speculation, could scare away much-needed supplies of liquefied natural gas (LNG), which can be easily re-routed to Asian countries. As private companies, LNG producers seek to maximise their profits and chose their markets accordingly. Recent media reports suggest dozens of LNG ships have been lingering around Europe's coast, waiting for prices to go up before unloading their supplies.
Officials admit that, in cases of extreme weather events or global market disruptions, the cap will be rendered useless because securing supplies, rather than affordable prices, will become the EU's utmost priority.

Don't Panic!
The European Commission is still developing the price cap's specific details, but an outline shared with the press on Thursday offered a preview of how the unprecedented instrument will work in practice.

The cap will apply to the Title Transfer Facility (TTF), the Dutch virtual hub where shippers and clients trade gas supplies. The TTF serves as a leading reference for Europe's entire energy sector, with its prices having a strong influence on the bills that companies and consumers receive every month.

TTF is Winning JKM! And slaying PUTIN revenue!

naturalgasintel | Europe's TTF Rises on Winter Signals, While Asia LNG Price Dips, 9 Dec
European Import Updates
Russia's Gazprom pipeline natural gas to Europe is now flowing at its highest rate in nearly three months, along the Europe-bound section of the TurkStream pipeline. Flows have risen close to the 43mcm/day capacity, up from its recent range of 30-35mcm/day on buyer demand.
S&P minority report (09.12.22)
Turkstream, Sudzha**, Yamal*

Flows of Russian gas via Ukraine [Sudzha] to the European Union and Moldova remained unchanged at 42mcm/day. Local German officials maintained the ambiguity about approval for the new Deutsche ReGas import project at Lubmin [former NS 2 landing!] after they received 1,099 objections to the project during its public consultation. The Neptune FSRU is at the nearby Mukran port undergoing final modifications for the project.
by Cat on Sun Dec 11th, 2022 at 08:37:26 PM EST
[ Parent ]

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