The Inevitable Financial Crisis
We’re again in the Wile E Coyote phase of a financial crisis, but this time, the real economy problems are far worse than in 2008.
Read more...Category Archives: Energy markets
More Fallout From the Nord Stream Pipeline Attacks
By Conor Gallagher Yves wrote yesterday about what the Russian response might be to the Nord Stream attacks. I wanted to touch on a few other potential consequences I’ve come across, and as there are no doubt more, hope to see them in comments. Economic Catastophre in Europe Now Certain There were questions in Washington […]
Read more...Michael Hudson on The Euro Without Germany
Conor: Germany’s swift demise reminds me of the German intelligence agent Bachmann in “A Most Wanted Man.” He’s led to believe he’s operating on an equal level with CIA and British intelligence only to realize too late he was being played the whole time. Hudson gets to the bottom of what Germany’s downfall will mean […]
Read more...Russia Seeking UN Security Council Meeting Over Nord Stream “Act of International Terrorism.” What Else Might Russia Do?
Russia is almost required, if nothing else for domestic political reasons, to Do Something about the Nord Stream attacks. But what exactly?
Read more...The Bornholm Blow-Up Repeats the Bornholm Bash — Poland Attacks Germany and Blames Russia
The military operation on Monday night which fired munitions to blow holes in the Nord Stream I and Nord Stream II pipelines on the Baltic Sea floor, near Bornholm Island, was executed by….
Read more...Mission Accomplished: “Super Mario” Draghi’s Legacy and the Italian Election
Turnout in Italy’s election was the lowest since WWII as voters lose faith in a system unable to reverse a declining standard of living.
Read more...Italy’s Lurch to the Right Raises Risk of Fossil Gas Lock-In
After this weekend’s snap election, incumbent energy companies will face scant pressure over climate change from the winning right-wing coalition.
Read more...Europe Faces An Exodus Of Energy-Intensive Industries
Fortune passes everywhere.
Read more...Ramping Up Renewables Won’t Save The World From A Cold Winter
Renewables alone won’t be able to supply our coming energy needs. A decline in nuclear power as well as local production and storage of natural gas has left places like Europe particularly vulnerable to energy shortages in the winter.
Read more...U.S. Senators Propose Secondary Sanctions On Russian Oil
Some US senators are pushing what looks like another sanctions own goal…..assuming it gets done.
Read more...What the Fighting between Armenia and Azerbaijan Is Really About and Why It’s Likely to Get Worse
By Conor Gallagher Ever since the breakup of the USSR, Azerbaijan and Armenia have been locked in a dispute over Nagorno-Karabakh, an enclave recognized as Azerbaijani territory by the international community but mostly populated by ethnic Armenians. They fought a war there two years ago when Azerbaijan grabbed land in a six-week conflict that led […]
Read more...Yanis Varoufakis: Time to Blow Up the Electricity Markets
How the EU’s neoliberal Rube Goldberg electricity market has made the energy shortage problem much worse than it needed to be.
Read more...Using the Payments System to Enforce an Russian Oil Price Cap Likely to Cause Supply Shock
The G7 plans to use its payments system to enforce a Russian oil price cap, because that worked so well in the shock and awe sanctions.
Read more...Congressional Sausagemaking, or How Inflation Reduction Became Fossil Fuel Export Promotion
How Manchin and Sinema got dirty energy goodies and financier breaks into the Inflation Reduction Act.
Read more...Gasoline Demand Destruction Accelerates Despite Plunge in Prices: Consumption Drops to August 1997 Level
Gasoline purchases show a softening economy, but the Fed is likely to ignore that memo.
Read more...