Self-Imposed Energy Crisis

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rachel
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Self-Imposed Energy Crisis

Unread post by rachel »

I thought I'd start off with a couple of videos. the first one is quite partisan, but it has some interesting information. Norris McWhirter died in 2004, so it gives you an idea how old it is. Edward Fox, also featured, is an uncle of Laurence Fox.

The Real Face of the European Union - Full Length



This one came out around the time of the Referendum.
Merryn Somerset Webb's interview with economist Bernard Connolly about the democratic deficit in the EU, and the certainty of a new financial crisis.
Bernard Connolly: the EU is an “explicitly anti-democratic”, crony capitalist state
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Re: Self-Imposed Energy Crisis

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Four German states are repealing rules on water purification
https://alethonews.com/2022/10/21/four- ... ification/
Sewage treatment plants in Germany are running out of chemicals. Four federal states are therefore taking drastic steps and they have been allowing the phosphate limit values ​​to be exceeded.

The European production of the “precipitants”, which are essential for the chemical cleaning of sewage water, has fallen by more than 50 percent due to the self-imposed energy crisis. A quarter of German sewage treatment plants have since reported delivery failures.

The chemical industry currently has its back to the wall – more and more companies are threatened with bankruptcy. Wolfgang Große Entrup, General Manager of the industry association VCI, said in an interview with ntv recently: “The skyrocketing energy prices are hitting our industry brutally.”

The VCI boss added: “We are therefore looking extremely critically and with deep concern into the future”. And that has serious consequences, not only for the employees of the affected companies but also for the public in general.

Many sewage treatment plants in Germany no longer have enough iron and aluminum salts to comply with the strict guidelines for phosphates. The so-called precipitating agents, which bind the phosphates and are disposed of with the sewage sludge, are normally a by-product of the production of hydrochloric acid...

...Drinking water is also affected: Not only sewage treatment plants, but also the drinking water suppliers are reporting a lack of chemicals – the flocculants, which are necessary to free the water from so-called suspended matter, are also becoming scarce. This could have serious consequences. “In the worst case” without flocculants, the water could become cloudy, “which would no longer make it possible to supply it as drinking water,” the Association of Municipal Enterprises (VKU) told the Neue Osnabrücker Zeitung (NOZ)...
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Re: Self-Imposed Energy Crisis

Unread post by rachel »

Interesting talk about Ukraine by Peter Hitchens, Nov 2015.

The EU is the Continuation of Germany By Other Means


The related article:
Three Wise men provoke some thoughts about modern Germany
https://hitchensblog.mailonsunday.co.uk ... rmany.html
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Re: Self-Imposed Energy Crisis

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Ursula @vonderleyen must resign, since her actions are criminally investigated by @EUProsecutor
She signed contracts to purchase 4.6 billion COVID vaccine doses worth €71, contracts that are still not fully released to the public and MEPs.


A13-116.jpg
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https://www.weforum.org/agenda/authors/ ... -der-leyen

A13-126.jpg
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Re: Self-Imposed Energy Crisis

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Neil Oliver reacts to how the UK Government is dealing with soaring energy costs


Why doesn't GB News get taken down? They are either part of the plan, or they are funded by a part of wealth that knows if societies go down, the WEF will becoming for them. In for a penny in for a pound, those who did not toe the line on the Brexit vote will be on a list.

GB News neither displays adverts nor plugs books, therefore it is funded well enough to defend any legal case brought against it. At that point in defending their case, the claims will become public record in the courts. The other side are so weighted down by provable lies, they can't go there, the only option they've got currently is to ignore.

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Re: Self-Imposed Energy Crisis

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Say whaaa? :o

Europe now has so much natural gas that prices just dipped below zero

By Anna Cooban, CNN Business

Updated: Wed, 26 Oct 2022 14:03:04 GMT

Source: CNN Business

Europe has more natural gas than it knows what to do with. So much, in fact, that spot prices briefly went negative earlier this week.

For months, officials have warned of an energy crisis this winter as Russia — once the region's biggest supplier of natural gas — slashed supplies in retaliation for sanctions Europe imposed over its invasion of Ukraine.

Now, EU gas storage facilities are close to full, tankers carrying liquefied natural gas (LNG) are lining up at ports, unable to unload their cargoes, and prices are tumbling.

The price of benchmark European natural gas futures has dropped 20% since last Thursday, and by more than 70% since hitting a record high in late August. On Monday, Dutch gas spot prices for delivery within an hour — which reflect real time European market conditions — dipped below €0, according to data from the Intercontinental Exchange.

Prices turned negative because of an "oversupplied grid," Tomas Marzec-Manser, head of gas analytics at the Independent Commodity Intelligence Services (ICIS), told CNN Business.

It is a hugely surprising turn of events for Europe, where households and businesses have been clobbered by eye-watering rises in the price of one of its most important energy sources over the past year.

Warm weather to the rescue

Massimo Di Odoardo, vice president of gas and LNG research at Wood Mackenzie, says unseasonably mild weather is largely responsible for the dramatic change in fortune.

"In countries like Italy, Spain, France, we're seeing temperatures and [gas] consumption closer to August and early September [levels]," he told CNN Business. "Even in countries in the Nordics, the UK and Germany, consumption is way below the average for this time of the year," he added.

The European Union has also built substantial buffers against any further supply cuts by filling gas storage facilities close to capacity. Stores are now almost 94% full, according to data from Gas Infrastructure Europe. That's well above the 80% target the bloc set countries to reach by November.

"That's an extremely high level," Di Odoardo said, noting that the maximum storage level averaged 87% of capacity over the past five years.

Europe's efforts to secure as much fuel ahead of winter as possible has caused a backlog of LNG tankers at European ports, made worse by a shortage of LNG import terminals.

The bloc has ramped up imports of LNG from the United States and Qatar as natural gas imports from Russia plummeted.

Felix Booth, head of LNG at data firm Vortexa, told CNN Business that as many as 35 vessels are either floating near, or sailing very slowly towards, ports in northwestern Europe and the Iberian peninsula because of a lack of storage options.

Those ships will "likely take another month to find home for the cargoes," he said.

Together, they're carrying about $2 billion worth of LNG, according to Kpler, citing energy market data provider Argus Media.

Higher prices next year

Despite the recent slump, at around €100 ($100) per megawatt hour European natural gas futures are still 126% above where they were last October, when economies started to reopen from their pandemic lockdowns and demand spiked.

Prices could rise sharply again in December and January as the weather turns colder, providing an incentive for some of those tankers to wait offshore a while longer before coming into port to unload, said Booth.

And despite the fact that Russia's share of Europe's total gas imports has fallen from 40% to just 9%, the region could be in a difficult spot next summer as it tries to replenish its stores ahead of the following winter.

Prices are expected to hit €150 ($150) per megawatt hour by the end of 2023, said Bill Weatherburn, a commodities economist at Capital Economics.

"Filling storage ahead of next winter will require the EU to import even more LNG because there is a need to replace lost Russian gas imports for an entire year," he told CNN Business.

https://lite.cnn.com/en/article/h_84f44 ... 5e76059fd3
H/T: https://t.me/s/AltSkull48
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Re: Self-Imposed Energy Crisis

Unread post by xileffilex »

The curious mind will ask - how long will "100 per cent storage capacity" last in Europe in a cold winter....how long will one ship-load of LNG last in the EU in the same cold winter?? Irrelevant questions for a MSM journalist to ask.
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