Tag: OPEC

Energy Crisis

Posted on

Energy Crisis

The more global warming we have the colder  it gets and the higher the gas prices (lolz).  Enjoy, the dark winter.  Are you awake yet?

Energy prices are the newest piece of the reset Jenga game to be pulled from the global economy. Chinese factories across the country close, leaving gaping holes in repair parts for our transport fleet here in the US. We are about to hit energy hyperinflation entering a brutally cold winter for northern hemisphere 2021-2022.

Hope Will Turn to Prayer for Lower Energy Prices

●▬▬▬ Story Links ▬▬▬●

Dr Roy Spencer UAH Global Temperature Update for September, 2021: +0.25 deg. C https://www.drroyspencer.com/2021/10/… Oil Spikes To Highest Since 2014 After OPEC+ JMMC Reccs $400k Output Increase https://www.zerohedge.com/markets/ope… Silicon Metal’s 300% Price Surge Throws Another Wrench In Global Supply Chains https://www.zerohedge.com/commodities… Government intervention reduces the impact of increases, + 29.8% for electricity and + 14.4% for gas https://www.arera.it/it/com_stampa/21… Electricity Bills In Italy Rise By Almost 30 Percent From Friday https://www.zerohedge.com/markets/ele… Gas Prices In Europe Are Now The Equivalent Of $230 Oil https://www.zerohedge.com/energy/gas-…

Oil price wars

Posted on

Oil price wars

 

A good little video from Al Jazeera explaining the oil price war – except for the ending which  ridiculously suggests that oil can somehow be replaced with “wind energy”.  

 

 

For a more in depth take on the situation see the article by 21st century Wire:

Joint Russia-Saudi Oil Price Move Could Crush a Fragile Fracking Industry in U.S.

Meltdown

Posted on

Meltdown

The Stock Market is melting down and it has only just started

 

As Gregory Mannarino indicates it is all linked to the virus. At least that is what they want you to think while they rob you. However, Russia is also putting the boot in by not cutting  oil production. Prices are being driven down.