European Union Votes To Block 90% Of Russian Oil Imports By Year’s End *Update*
In a recent interview with the Financial Times, Fatih Birol, the executive director of the International Energy Agency, said he could not rule out the possibility of the “rationing of natural gas.” If that were to occur, the rationing would start “from the large industry facilities.”
I am especially worried about the natural gas markets […] if we have a harsh and long winter we may see very difficult days [ahead].
Birol told IEA’s annual conference on energy efficiency in Sonderborg, Denmark, Reuters additionally noted
‘He said countries need to quickly improve their energy efficiency which would drive down demand. The paper pointed out that Gazprom, the Russian energy giant, already cut off the spigot to several countries including Finland, Poland, and Bulgaria for refusing to pay in rubles,’ the Trends Journal reported.
Gazprom Halts Gas Shipments To Europe Via Critical Pipeline
Birol also noted that if each European customer would lower the temperature inside their homes by 2 degree Celsius, it would cover the losses from the halted natural gas supply that would be flowing from the Nord Stream 1 pipeline, a Russian pipeline that was cutoff earlier this year.
The Trends Journal added, ‘There was also an explosion at an LNG plant in Texas that had been shipping gas to Europe. That means the plant will be forced to close for three weeks. Reuters reported that the loss is about 13-15 cargoes.’
If the outage lasts months rather than weeks, the total loss can be much greater, and Europe’s more comfortable inventory situation will not be quite as reassuring. We would then expect the strong European LNG price premium over Asia to return.
Tamir Druz, managing director at Capra Energy, told Reuters
The Trends Journal forecasts that as the proxy war in Ukraine persists throughout the rest of the summer and into the fall, even Putin’s loudest critics will begin to reduce their barking, and instead finally dedicate more time and resources to dealing with their nations.
Hungary’s Prime Minister Viktor Orbán said in an interview on Friday that the war in Ukraine is likely to last a long time and that 2023 will be filled with “uncertainty and anxiety.”
Hungary Today reported that Orbán said certain business circles had a vested interest in the war, and they were symbolized by financier George Soros, “who openly talks about the need to extend the war.”
“They are warmongers; they want to profit from the war, while Europe is going to ruin,” he said.
The Journal noted in their forecast.
AUTHOR COMMENTARY
By faith Noah, being warned of God of things not seen as yet, moved with fear, prepared an ark to the saving of his house; by the which he condemned the world, and became heir of the righteousness which is by faith.
Hebrews 11:7
Back in late-March and early April I had reported on some of this already, and now the government talking heads are warning that they will have to ration their fuel supplies and cut power.
I said it before and I will say it again – as this applies to anyone reading – you should consider getting snow gear and preparations made for the Winter now while it is usually cheaper, as the demand for those types of products are not high in the summer months. Do NOT wait till the fall when the masses will be rushing to get those things. Multiple layers, food, ways to stay warm without electricity and even gas, and so forth.
At some point we will all be thrust back into the “old days” of a nice fire roasting inside, bundled up, sipping some hot coco, singing hymns – while the rest of the masses are freezing and starving to death.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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get ready, it’s coming soon to your neighborhood !
I live in North Dakota, we get -30 F without wind chill accounted for. My family keeps kerosene heaters on hand and 3 to 5 day fuel. Plus, we use all cotton wicks, so we can burn diesel if needed. I also have kerosene lamps, that put out enough heat to keep a small room from freezing. Also have two propane heaters good for indoor use as well. I would highly advise people to get ready now. http://crn.hopto.org/include/vids/gear/kerosene/