Posted on 09/01/2022 11:17:33 AM PDT by rktman
In terms of intentionally destructive impact on civilization, the fast-escalating energy crisis may be the greatest challenge we face in our lifetimes. World wars have been fought over less. And don't think it will turn out any different this time – unless we radically change course quickly.
Surprisingly little is reported about the gravity of the energy crisis raging out of control throughout the Western world. Progressive governments, including our own, have made absurdly counterintuitive and destructive decisions in favor of lofty "green energy" policies that will not become a reality in our lifetime or our children's.
What they have succeeded in doing is making certain progressive loyalists wildly wealthy. But nothing beyond that dirty, one-hand-washes-the-other political money machine has materialized from all the green bluster as they fly private jets to Davos – despite the fossil fuel savings of Zoom.
They know full well it's impossible to run the increasingly demanding electrical grid without the aid of fossil fuels – even if you papered planet earth with Chinese-made solar panels. The grid infrastructure and battery capacity don't yet exist, and this unforgivingly harsh reality has landed exceptionally hard on Europe this year. It's landing here in America next.
Germans who've been largely compliant and ideologically committed to a green economy are suddenly foraging wood from national forests to survive the winter, much like during the Stone Age. They find themselves waiting in miles-long lines with pickup trucks and cars at coal plants they picketed only months earlier, as my friend Tucker Carlson aptly pointed out on his show Monday night.
(Excerpt) Read more at wnd.com ...
The situation is created, the effects are real.
How is oil $86 per barrel here and everything is through the roof in Europe?
The foolish Germans should not have based their country’s energy policies on the rantings of a mentally ill autistic girl from Sweden.
Did I miss the roof repair here in the U.S.? 😂✌
Watch how Putin plays this: Millions will be freezing, and Putin will turn the pipeline back on and suddenly he turns into a hero and good guy.
Oil is at $86 in the domestic market because the Strategic Petroleum Reserve is being raided for political gain, at the tune of a million barrels a day.
This affects market prices on the short term, but once the election is past, the selloff stops, and since there is no further benefits in terms of getting the Democrats to retain both Houses of Congress, the price of crude oil will again be subject to real market forces. Within weeks the world will see $150/barrel crude, or more.
The Russian Federation gets a windfall increase in their international petroleum sales, and they could even open up the natural gas pipelines to Europe a little, but not enough so as to cause price erosion.
You ain’t seen nothing yet. As the fellow who fell into the meat grinder shouted out, “The wurst is yet to come!”
the people will warm themselves by the bonfire
Thanks. I figured the emergency reserves had something to with it but wasn’t sure it was that much. I believe there’s 485 million barrels left? These radicals could control the market for a while-—
Four years ago the Germans were laughing at Trump when he warned them about Russian energy. With EU sanctions in place against Russia, Vlad has shut down most of his energy exports to Europe. Now the Germans firing up old coal plants.
The rumor is the SPR oil is going to China. Secondly, the total capacity of the SPR is only good for about a day’s total US consumption. It is a spit in the bucket. It was designed for NATIONAL EMERGENCIES, like WAR.
Nope.
Bookmark.
What's going to happen to Energy stocks when this happens? Best guess?
Hmmmmm, we have been harvesting wood for the whole summer.
Got the log splitter about working and have some nice pieces to run through it, stuff too big to split by hand.
Considering it’s supposed to be a rough winter, we’ll not be going much of anywhere so will be able to run the wood stove pretty much continually.
They fall. Like a rock.
Governments will demonize the energy companies for their "windfall profits" and levy huge new taxes and fines on them. They will also nationalize critical assets, then pass them along to cronies.
"Well right now we are advising our clients to put all they can into canned food and shotguns."
(Gremlins, 1990)
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