UK Faces A Fate Worse Than Blackouts - Net Zero Electricity If Energy Policy Is Not Abandoned

 

Major UK domestic and commercial gas supplier Centrica’s stark warning last week that Britain’s gas storage is now “concerningly low” with less that a week's supply in reserve after the last period of 'dunkelflaute' (low to zero wind and sub zero temperatures,) cause demand to soar, triggered desperate measures  to keep the lights on, with some of Britain’s oldest power stations being paid £2 million an hour to meet demand, monry which wll end up on consumers; bills.

The first two weeks of 2025 saw first storms which forced the wind farms on which we are increasingly dependent of energy, to be shut down to prevent high winds damaging the vanes on the turbines, followed by a period of 'dunkelflaute' a weather pattern of low or zero wind speeds accompanied by freezing temperatures that can last for a few days to several weeks and this time gave us coldest night in Britain for 15 years. It was also the first real test for Britain’s new National Energy System Operator (NESO), part of the labour government's mission to create a new Qango a day throughout its term of office. 

Could this new bureaucratic entity convince us that it was able to deliver reliable and affordable supplies and was fit for purpose? Of course it couldn't, bueucracies never deliver anything except incompetence and failure. NESO failed on both counts and as a result consumers and businesses are now facing huge extra costs which will find their way onto bills in the coming months.

Our governments' (past and present for two hand a half decades,) efforts towards the mytical Net Zero (for comparison think of The Holy Grail on steroids,) which have only worked  to the detriment of our Country, Citizens and Society have just been wiped out by the toxic fumes from the Los Angeles wildfires  in America. The next volcano to erupt somewhere in the world will spew more CO2 and toxic gases into the atmosphere than we could save in ten years were we to switch off all carbon dioxide emitting technologies and resturn to a medieval lifestyle.

 As we have seen over the last week no wind no energy generated, but this clownshow government and Ed Miliband, its idiot Energy Secretary is going to build wind farms, solar panels and pylon routes all from imported technology, because in their fanatical zeal to 'lead the world to net zero' our governments  have forced the furnaces and factories down. 

This country sits on vast reserves of coal, we still have Gas in the north see, we have unimaginable reserves of oil/gas in the Falklands and we have designed and built mini nuclear reactors which are selling abroad ?

 We can only wonder how many old people have died during this most recent cold weather spell? No government department or agency is going to be in a hurry to release such data because should it become public the streets woud surely be filled with protesters once more.

Labours only answer is more bloody windmills, solar panels and pylons, thereby ensuring prices will go even higher, whilst the government misinformation team tries to distract us with crackpot schemes to import solar energy from The Sahara desert, talk of Artificial Intelligence boosting the economy. Unfortunately the giant data centres needed for AI systems eat electricirty and will need a decicated power station each according to reports. 

 Sadly the case is Mad Miliband and Sleazy SStarmer can build 10 times the number of windmills and thousands of miles of electricity pylons, and cover vast acreages of good farmland with solar panels which will deface and destroy the natural beauty of our countryside but when the wind doesn’t blow and the sun doesn't shine (sunset to sunrise every day at least,) they’re all absolutely useless. 

No amout of mathematical modelling by pseudo scientits can solve the inherent unreliability of wind and solar power by building more windmills and sun farms. So we’ll be forever stuck with the problem of providing emergency back up power at eye watering prices as we’ve just seen in the last few days. 

The situation can only become worse the further Mad Miliband, the swivel eyed idealogue forces us to rely on wind and solar by shutting down the gas and nuclear powered generating stations. Furthermore, if the wind blows too hard these windmills can’t operate because it’s dangerous and if the wind blows just right we occasionally have too much wind power and the operators are then actually paid for the power they would have been able to produce had they not been told to shut some of them down to prevent the grid being damaged by overloads. 

These problem will never go away. Somebody, an engineer, logician or economist needs explain in very simple terms to the stupid politicians and OCD afflicted pseudo scientists that the only way to stop and start gas fired power stations quickly is by utilizing open cycle gas turbines but these burn twice as much gas and produce twice the CO2 emissions than combined cycle gas turbines which are much more efficient but are designed to run continuously and once taken offline cannot be brought back in less than a few hours. Put simply wind power is unaffordable and actually increases our overall CO2 emissions when looking at our power production from all sources.

Britain now has the highest industrial energy prices in the world, has fallen out of the world’s top 10 manufacturers, increasingly risks power rationing, and is spending over £3 billion a year to import electricity from Europe. A generation of flawed energy policies have wreaked havoc on consumers and the problem is getting worse, contrary to Ed Miliband’s belief that prioritising wind and solar over new nuclear and gas is the answer.

UK electricity prices are nearly 50 per cent above the International Energy Agency median for industrial electricity and 80 per cent above the median for domestic users. Our businesses pay almost four times as much as Americans for power and our consumers three times. This is hugely concerning when Labour’s net zero plans will see Britain using much more electricity for cars and household heating, irrespective of it being far more expensive than gas.

Why are we still insisting in going down this futile, blinkered route - Ed Miliband is throwing SO much money at? What happens when our credit runs out, which it will do eventually because the government must bortow every month to finance its day to day business. We CAN'T afford all these wild plans - what use are the reserves in the North Sea when it's not politically correct to use fossil fuels.  Our approach appears to be lets throw more money at the problem while other countries around us are being pragmatic and using what they have to hand.

Following its launch in October, the aforementioned NESO released its Winter Outlook report which forecast peak electricity demand would be 44.4 gigawatts (GW) at any one time. But last week saw demand for electricity close to 50 GW. At this critical time, output from wind turbines had fallen away and there were problems importing power from Europe on which Britain is becoming overdependent.

Britain’s chronic lack of gas storage, at just 12 days, is another failure of national planning. While France enjoys robust storage at 113 days and Germany at 89, the failure to act will now encourage suppliers to charge more when demand spikes on cold days, especially as Britain is one of Europe’s largest per capita users of gas. Why wasn’t storage prioritised, especially after Putin’s invasion of Ukraine?

The failure of this most important national policy represents one of the biggest failings in statecraft since World War Two. The consequences are stark, ranging from the loss of our competitiveness and rising fuel poverty, to the UK becoming dangerously vulnerable to future energy crises. And for what end?  

Facts are important. Between 2004 and 2021, before the war in Ukraine, the industrial price of energy in Britain tripled in nominal terms (153 per cent) or doubled relative to consumer prices. Electricity prices have doubled since 2019. This has led to a huge slice of Britain’s manufacturing base already choosing to relocate overseas. Since 2010, over 200,000 manufacturing jobs have been lost; as a share of GDP, manufacturing has halved since the 1990s.

A failing energy policy inflicts huge pain on households, industry and the wider economy. It restricts investment, offshores energy intensive industry, and stunts job creation. We must urgently address and tackle how and why a generation of political leaders and civil servants have failed and continue to do so.  

  

 

 

 

NET ZERO ARCHIVE:

Can Bus Sized Lithium Ion Batteries Power Britain
The project has, predictably, provoked local opposition. “This might become an industrial area more than the farming land it’s been for the last thousand years,” says Jamie Ingham Clark, of the Claydons Solar Action Group, “Battery storage sites should be on brownfield – they should not take away our ability to grow food.”

How Many Billions of People Would Die Under Net Zero?
BBC wildlife documentary presenter Chris Packham has hit back at claims reported on Neil Oliver‘s GB News show that half the world’s population could die if Net Zero was implemented in full. This is a bit hypocritical of Packham, who has been claiming millions will die because of climate change caused by human activity for decades.

EU Technocrats Plan To Shut Down European Agricultural Industry
European farmers will gather in Brussels on Tuesday to demand guarantees from the EU Commission that changes to policy will be made to ensure the European agricultural sector remains viable. They will also demand a relaxation of the regulatory regime, and for Brussels to abandon free trade agreements with countries outside the EU, which are now being used to bring cheap into European markets

Globalists Say Climate Change Is A Threat To Democracy But The Real Threat Is Globalism
While most of the large economies in European are backing off their pledges on 'net zero', over in the USA, even as the public reject the scaremongering of climate alarmists, the increasingly crazy Biden administration are still trying to push this de-industrialisation agenda without without any apparent concern for public opinion or for the misery and impoverishment The Childsniffer's regime is inflicting on many Americans.

Tractors Are Heading For Central London As UK Farmers Protest
Scores of farm tractors from all over Britain were reported to be converging on Westminster as British farmers finally ran out of patience and pushed back against what they say is a lack of government support. Flying Union flags and displaying signs with slogan such as 'Save British farming' and 'No farming, no food, no future' they were gathering in London and plan to arrive in central London by early evening

Germany Running Out Of Money, Debt Levels Exploding - The Price Of War, Open Borders And Net Zero?
An urgent warning about the state of Germany's finances has been given by Finance Minister Christian Lindner. Lindner has bluntly told the government that state borrowing are growing out of hand, and the government urgently needs to reduce spending. The other coalition members, the Social Democrats, and The Greens are both spendthrift lefties so dispute over spending is only expected to escalate

UK Gov. Fossil Fuels U Turn Means Its All Over For Net Zero
The Announcement made by UK Prime Minister Rishi Sunak acknowledged at last that to keep the lights and heating on in our homes and the wheels of industry turning it will be necessary to start building new gas-fired power plants because the great science backed leap to transition energy productions to clean, green, pollution free, sustainable, renewable, blah blah blah sources has failed dismally.

Britain To Harvest Power From Sahara Solar Farms Using 700ft Ship? Another Green Dream
World’s biggest cable-laying vessel will link Moroccan renewables with Devon substationread a headline in a UK mainsteam news website recently. A project to feed power from the Sahara Desert to Britain moved a step closer to fruition as its financial backers prepare to commission the giant cable-laying ship.

Furious French Farmers Stage Shitfest Protest In ToulouseInspired perhaps by the protests of farming communities in Germany and Netherlands, angry French farmers gathered in the historic city of Toulouse, South - west France this week and dumped piles of farmyard manure on the steps of City Hall and in the streets and squares in fron of other public buildings. Such shitfest protests are a favourite tactic of French farmers when they want to let their government know its policies stink ...

Thousands Of Tractors Blocks Berlin Traffic Over Plan To End Diesel Subsidy
Thousands of German truck drivers, farmers, and agricultural workers parked in front of the Brandenburg Gate in Berlin yesterday as another massive protest over the government's 'green' plans to end tax breaks on diesel fuel and subsidies to farmers prevented from getting the best out of their land by loonytoons EU 'rewilding' policies.

German Farmers target nation's vice chancellor in subsidies protest
German farmers angered by cost-saving plans impacting the country's agricultural sector blocked the EU state’s vice chancellor from disembarking a ferry on Thursday, in a protest that was criticized by both government and opposition figures. The farmer's ager was triggered by financial cutbacks imposed by EU policy on member state’s agricultural industries have.

New UN Report on Climate Change – Nothing New, Nothing True
The latest United Nations (“UN”) Intergovernmental Panel on Climate Change (“IPCC”) report, published this week, once again, in scaremongering tone and the language of the panic stricken, claims that the planet is in peril (we are facing climate disaster, the clock is at one minute to midnight, we must take urgent action to destroy civilisation if we are to save the planet, the usual over - dramatised guff designed to spread fear and panic,) basically the same claim as they have been making at least twice a month for the past 20 years.

We need energy security – not Net Zero
Russia’s invasion of Ukraine has prompted a major rethink in the West. We have suddenly found ourselves vulnerable not just to rising prices in oil and gas, but also to inflation in other commodities – such as food and fertiliser. Of all these problems, the security of our energy supply has most exercised minds.

Net Zero Gone With The Wind - Boris Johnson Plans Seven New Nuclear Plants And Shelves Wind Expansion
Reports in mainstream media suggest Boris Johnson has done a U turn on his recently announced massive expansion of wind powered generating capacity. Sources in Westminster claim Boris has shelved his masterplan for a giant, floating wind farm in The North Sea and the government will reconsider plans to double or even treble the number of wind turbines in the countryside and approve plans for up to seven new nuclear reactors instead.

Climate Change Research Paper Censored by The British Hydrological Society For Telling The Truth
The Daily Sceptic today published an article by retired research scientist James Dent, whose specialist field was hydrology and meteorology. Mr. Dent was involved in research projects aiemd at understanding the factors influencing climate, and their effects on environments, [ ... ] he was the World Meteorology Organisation Chief Technical Advisor to the Flood Forecasting and Warning Centre in Bangladesh, a low lying nation especially prone to flooding ....

Freak Weather Around The World Begs Questions
With Britain and other parts of northern Europe basking in unseasonably warm temperatures which are forecast to last for a few days, while parts of the USA gring to a halt under a blanket of snow dumped by freak storms are, accoring to climate scarmongers, a signal that irreversible warming had arrived, it is perhaps timely for a hot topic from ten years ago, geoengineering came under the microscope again. This report from Global Intel Hub seems a good way to kick off the debate. ... Continue reading >>>

Latest Bill Gates Insanity: Injecting Sulfur Into the Atmosphere Will Cause EnvironmentalDisaster
A study published in November by the University of Pennsylvania exposes the insanity of projects such as spraying particles of sulphur compounds into the stratosphere, self - anointed vaccime messiah Bill Gates' latest scheme to “save” the planet with "geoengineering" According to the mathematical modellers Gates pays hansomely to provide him with "scientific" data to persuade politicians to spend taxpayers money on projects run by companies his "charitable foundation" has invested in. Far from saving the planet this latest idiocy is actually destroying environments. Continue reading >>>

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Climate: The Science, The Lies, The Malfeasance and The Deep State
Climate change hoax COLLAPSES as new science finds human activity has virtually zero impact on global temperatures We have previously highlighted this report from Finland which exposes the great flaw in "the science" of global warming. The link at the end of this extract takes you to a much more complete account of the research project which, not for the first time debunks the fake science on which the politically - motivate climate change scare.
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COP26 Climate Conference - Just Another Elitist Scam To Steal Your Money
If you are one of the people who still relies on mainstream media for information, the 'on - message' news reports coming from the COP26 Climate Conference in Glasgow this week, and during the build up to the conference, might have convinced you that the entire world (barring a few crazy conspiacy theorists,) is signed up to the 'net zero' agenda and believes that destroying the economies of the developed nations while exporting our jobs, business and prosperity to places like India and China is the only way to save the planet. Continue reading >>>

Europe's biggest economy would suffer a 6.5pc contraction if Russian energy is suspended, experts warn 
Even though the sanctions already imposed on Russia in respondse to the invasion of Ukraine are hitting the nations that imposed then harder that their intended target, the EU is preparing to committ economic suicide in an orgy of virtue signalling ...

We need energy security – not Net Zero
Russia’s invasion of Ukraine has prompted a major rethink in the West. We have suddenly found ourselves vulnerable not just to rising prices in oil and gas, but also to inflation in other commodities – such as food and fertiliser. Of all these problems, the security of our energy supply has most exercised minds.

UK Households Are Paying Wind Turbine Owners To Not Generate Electricity
On another near windless day here in the United Kingdom, Boggart Blog came across a very interesting piece if news. According to figures published by the business and management consultancy LCP, british taxpayers have been paying operators of wind turbines farms for the time their windmills were NOT generating electricity increased to record levels last year ...

Net Zero Is A Dangerous Fantasy, But Scientists Believe In Fairies It Seems
With oil and gas prices rocketing and the highly propted sustainable energy sources performing way befow expectations the energy crisis currently gripping Europe (with worse to come as food shortages start to bite, polticians still seem more intent on pandering to the green lobby and chasing the dream of a fossil fuel free world rather securing the energy and food supplies needed by the people they serve.

New UN Report on Climate Change – Nothing New, Nothing True
The latest United Nations (“UN”) Intergovernmental Panel on Climate Change (“IPCC”) report, published this week, once again, in scaremongering tone and the language of the panic stricken, claims that the planet is in peril (we are facing climate disaster, the clock is at one minute to midnight, we must take urgent action to destroy civilisation if we are to save the planet, the usual over - dramatised guff designed to spread fear and panic,) basically the same claim as they have been making at least twice a month for the past 20 years.

We need energy security – not Net Zero
Russia’s invasion of Ukraine has prompted a major rethink in the West. We have suddenly found ourselves vulnerable not just to rising prices in oil and gas, but also to inflation in other commodities – such as food and fertiliser. Of all these problems, the security of our energy supply has most exercised minds.

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Latest EV Model To Go On Sale Is Dangerous - You Could Die Laughing

 

For years those of us who have managed to retain a grip on reality through the increasing insanity of 21st century life have been saying that the transition to electric cars, a major part of the 'net zero' policy, was not going to happen any time soon. Electric Cars fine for a city runabout but high cost put them beyond the budget of most people and poor range, slow charging and lack of charging points makes them impractical as long distance cars.

The cheapest EV with a decent range per full charge currently  on sale in the UK costs over £30,000, almost twice the price of an equivalent petrol or diesel car.

However, all he time those of us whose nature makes us sceptical of anything that is being hyped by government and the media, 'experts' have been telling us that technology is advancing all the time and electric cars were about to become a fraction of the cost they have been previously bue to new advances in design, engineering and battery manufacture. And at last, just as governments appear to be developing a bit of common sense about their rash pledges to ban the sale of conventional cars by 2030, it appears there are much cheaper electric cars in the pipeline (from China - where else?).

The talk of the Shanghai Motor Show in April wasn't some new super-duper electric sports jobbie but a super-cheap new EV called the Seagull (pictured below.) Manufactured by BYD, the Chinese battery and car behemoth, the basic Seagull claims a 190-mile range and a list price in China of 78,000 yuan (£8,400) and it looks like something a five year old might produce if you asked them to draw a car.

Image source, Getty Images

The BYD Seagull - like a 5 year old's drawing of a car

Don't get too excited though. the company currently has no plans to sell the Seagull in the UK, probably because it falls way short of our standards for roadworthyness.

The hype around the potential growth of the electric car market has sent prices of the minerals needed to make the lithium - ion batteries that power EVs,  lithium, nickel and cobalt, rocketing and China currently controls the majority of known resources of these minerals.

That makes them expensive because the Chinese are not interested in doing western car buyers any favours. So one of the limiting factors in the growth of electric car sales (apart from the comedy factor - see above,) is that production cannot increase in line with government and scientists wishful thinking until  mineral supplies become more widely available. And that availability is regulated by the whim of the Chinese Communist Party

Meanwhile, the UK government has stopped offering grants to help EV buyers which will decrease sales even further on top of a recent decline as potential second hand buyers became aware that a new set of batteries will cost them more than the car is worth and potential new car buyers realised that after four years their £40K car will have no trade in value because dealers can't shit second hand EVs.

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The Real War Is About Energy, Not Territory

 

In the ake of attacks on the on the Stream pipelines, that effectively halted the flow of natural gas which German industry, commerce, agriculture and society relies on, and the terrorist attack on the Kerch Bridge, US Secretary of State Antony Blinken gloated that the attacks were a “tremendous opportunity” to weaken Moscow.. It quickly emerged that the United States CIA and UK's MI5 state security agencies, if not actually involved in the planning and execution of the attacks, at least knew of the plans in advance (and they were planned in advance, how else could Ukraine's government have issued a postage stamp showing the brige burning only a day after the attck took place?)

 And shortly after news of the Nord Stream sabotage broke on mainstream media, gas supply companies in the USA were offering to supply Europe with shipments of Liquid Natural Gas carried by supertanker to be sold to European nations at vastly inflated prices.

The Nord Stream pipelines are operated by company that is majority owned by Russia’s state gas giant Gazprom. Authorities in Norway and Denmark have refused to allow that company access to the pipelines for the purpose of inspecting the damage done to its own pipelines. That is to say, NATO member states have prevented the Switzerland-based company Nord Stream AG from conducting an investigation into the attacks on its property.

But just as sanctions failed to bring the Russian economy to its knees as US and NATO officials predicted they would, Secretary of State Blinken's “tremendous opportunity” has not had any noticable effect on Russian economic activity as the USA's proxy war on Russia shifts from shooting and bombing to the weaponisation of energy, currency, food and fertilizser.

When santions were imposed poreventing EU vand NATO member states from buying Russia's gas and oil, the Russiansjust shugged and set about finding other customers in Asia, Africa and south America to by their gas and oil. The CPC pipeline out of the Caspian has been monitored from orbit a very long time. The Volga river complex out of the northern Caspian region ditto. In total this flow is 4% of global supply, and much of it is past Volgograd (formerly Stalingrad) northward towards Moscow for consumption and export.

Volgograd is less than 100 miles from the eastern border of Donbas and is the chokepoint for nearly 3% of global supply. The Caspian Pipeline Consortium (CPC) from Russia's Caspian gas fields to the Black Sea travels through Russia to a Russian Black Sea port.

Kashagan is the notorious oil field in that region and its failures have been monitored from orbit and led to its nickname from the participating companies -- CashIsGone. A very difficult production locale for oil, but those obstacles have been overcome and it is now finally flowing. The lesser known field is Karachaganak, it is mostly gas condensate and GAZPROM is the major player. This dictates realities of the recent economic meetings that warranted Putin's presence.

It will probably come as a shock to political leaders in Washington D C, London and Euopean capitals and financial centres but wo.rld trade is not confined to North America and Europe. Turkmenistan (how many people know where that is, I have to admit I could not descripe its exact position,) is bubbling with gas. Kazahkstan has significant oil. That region in total, with bordering countries, has abundant and largely unexploited hydrocarbon reserves. 

Perhaps most amusing, ironic and scanitly reported in mainstream media aspect of this fiasco of failed sanctions, Iran has been running tankers south to north across the Caspian carrying their sanctioned oil to blend with Russia's heading north for export via The Black Sea. Turkey and Syria to Europe and America. All those sanctions imposed by successive US administrations in their efforts to control the world never really had a hope of working.

As for vast Ukraine gas totals, the Holy Bible of oil and gas is published each June by BP. It is called The World Statistical Report and is downloadable in Excel form. It's a big ducument and profiles production of oil and gas country by country, as well as consumption.

BP assigns Ukraine about 1 Trillion cubic meters of reserves. Most of that is offshore south. In the world of gas and oil, one sees numbers with the T word or B word for trillions and billions.There's a lot of gas in the world which is why the green loons and ecowankers stopped campaining on the basis that hydrocarbons are running out and started instead to demonise Carbon Dioxide, a trace atmospheric gas that is absolutely essential to the continuation of carbon based lifeforms, (which covers absolutely every living thing,) on our planet

Russia is estimated to have 37 trillion, and their territory total provides estimates of "undiscovered reserves" far beyond that 37 number. Qatar's fields offshore estimate at 25. Iran at 32. Saying Ukraine is the 2nd largest in Europe is noting a big fish in a tiny pond. Norway is #1 at 1.4 Trillion. Countries with more? Australia, Nigeria, Egypt, Algeria, Iraq, UAE, US (a 12 T gas dwarf) and Canada.

Ukraine has 1/37th of GAZPROM's total, with more likely to be found. The theory that control of gas fields  prompted Russia's invasion of Ukraine does not make any sense at all.

However this publication has consistently taken the view that the current kerfuffle in Ukraine was engineered by the USA and NATO just as the previous trouble in 2013 / 14 and the ethnic cleansing campaign waged on Russian speakers in eastern Ukraine were. And as we reported last month and earlier this month when we look at the Nord Stream sabotage and the Kerch Bridge terrorist attack the evidence stacks up against the US Deep State with help from their FUKUS axis and NATO partners, they have the means, plenty of opportunity but what about motive?

The US fossil fuel industry has made a killing off of the proxy war in Ukraine. Western sanctions on Russia in response to its February 24, 2022 invasion of its neighbor have propelled the United States into becoming the world’s largest exporter of liquified natural gas (LNG). Much of that LNG has gone to Europe to make up for the drastic decline in Russian exports.

NATO member Norway has also greatly benefited. It was already the largest oil and gas producer in Europe, even before inaugurating the Baltic Pipe, just one day after Nord Stream was sabotaged. The fact that an attack on Nord Stream was being planned was known in advance. By whom? None other than the CIA. The notorious US spy agency warned Germany weeks before the explosions.

It is not just the North American energy industry that stands to heavily profit from the sabotage of the Nord Stream pipelines. Ukraine benefits as well. By using Nord Stream to send Germany natural gas through the Baltic Sea, Russia could cut out the intermediary of Ukraine, which was making billions of dollars in transit fees.

While Western governments have pinned the blame on Russia, without offering a shred of proof, it makes no strategic sense that Moscow would sabotage its own pipelines, after investing billions of dollars in the project. Russia has even floated the possibility of investing more money to repair the pipelines. This would be a very strange move after bombing your own energy infrastructure.

Yet the German government publicly rejected Russia’s offer to repair the pipelines. A spokesperson said Berlin would not accept Russian gas via Nord Stream 2, even if it is fixed, a position which smells suspiciously like the stink of self interests that emanated from the US / UK ordering their puppet Bellendskyyyyy to refuse talks with Russia on a peace deal brokered by Turkey's President Erdogan back in April 2022.

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The United States earns more than $100 million per ship of LNG and both Germany and France say “gas” is too expensive

The U.S. is raking in cash from exporting liquefied natural gas (LNG).

“Some countries, including friendly countries, sometimes have astronomical gas prices.” On October 5 local time, German Vice Chancellor and Economy Minister Jer Habeck told German media Neue Osnbruck newspaper that he hoped the EU level would be able to negotiate with these gas-exporting friendly countries.

On October 6 local time, French President Emmanuel Macron also publicly urged the United States and Norway to lower the price they pay for natural gas. “It’s great that you’re providing us with energy and gas, but making us pay four times as much can’t go on.” Mr Macron charged that this was not the true meaning of friendship.

Due to geopolitical conflicts and other factors, Russia has made big reductions in pipeline gas deliveries to Europe, only the pipelines through Ukraine and Turkey are still exporting gas to Europe while the Caspian pipeline is pumping more gas than ever via Iran to buyers in Asia.In 2021, the EU imported 155 billion cubic meters of natural gas from Russia, accounting for 45 percent of total imports.In the first week of October 2022, Russian gas deliveries to Europe were down about 82% from comparable levels the European Gas Pipeline Network Consortium reported. Russian gas exports to Europe fell 49% in the first three quarters of this year, according to S&P Global. While wartime propaganda continues to insist everything is hunky - dory in Europe and Ukraine is winning the war one does not need to have 20 / 20 vision to see neither of these propositions is true.

European countries have snapped up spot LNG supplies from the U.S. to Qatar over the past few months as the continent has to fill underground gas storage for the winter. In June, the European Union imported more U.S. LNG than piped gas from Russia for the first time, according to the International Energy Agency. Asa U.S. gas costs around 6 times as much as Russian gas this is crippling for European businesses and domestic consumers.

Supply being exceeded by demand in the global gas market has forced export prices for LNG. U.S. LNG exports averaged $12.76 per thousand cubic feet in July, up 76.5% from a year earlier.In the first seven months of this year, U.S. LNG exports totaled 65.6 billion cubic meters, up 14.3% from a year earlier, according to monthly data released by the U.S. Energy Department. Total exports were about $25.5 billion, up about 96% from the same period last year. 

Europe has its own gas resources of course, but foolish politicians have been bullied by the noisy but unrepresentative green lobby to cap wells in the North Sea, ~Irish Sea and Atlantic and instead flush vasah amounts of taxpayers money down the toilet that is net zero policy by investing in intermittent and unreliable wind and solar sources for electricity generation. Dutch TTF futures, the European gas benchmark, have been rising since 2021, reaching record settlements in March and August this year. On Aug. 26 local time, the benchmark settled at 339.2 euros per megawatt-hour, or about 23.5 yuan per cubic meter which is vastly cheaper than gas imported by tanker from The Middle East or USA. however incresed production of gas fromBritish wells in The North Sea and the recommissioning of wells abandoned as Europe sought to shun 'fossil fuels' is probably too little too late to avert a crisis this winter.

Futures prices and spot prices vary of course, and can be extremely volatiole in the prevailing circumstances but the basic trcend is consistent. When LNG cargoes are shipped from the United States to Europe, the value of LNG immediately increases several times. Energy expert Laurent Sacrine told Business Insider that companies pay about $60 million to fill a ship with LNG from the U.S. and sell it in Europe for $275 million, a 358% increase.

LNG capacity is tight, tankers capable of carrying it are highly specialised and in view of increased demand are in short supply. Ship rents are understandably rising. On Oct. 9, a market source told Jiemian News that the current rental rate for a three-fuel diesel engine (TFDE) type of LNG carrier is over $300,000 per day.But even with the cost of chartering carriers, U.S. LNG exports to Europe are still very profitable. According to Business Insider, American companies can earn more than $100 million for each LNG ship they sell to Europe. 

Data Source: https://www.news4clubs.com/the-united-states-earns-more-than-100-million-per-ship-of-lng-and-both-germany-and-france-say-gas-is-too-expensive.html

This is what the war in Ukraine is really about, the NATO (i.e. The USA has wanted to undermine and break up the Russaian Federation for many years, in order to get its hands on Russia's natural resources and the lucrative business of exporting tjose materials. Using the clown bellendskyyyyy and the neo - Nazi nutters in Kiev as cover they now have a proxy war, Ukraine's crazy leaders are insane enough to fight to the last man (literally) so long as the western power keep supplying weapons and ammunition. Washington does not care how many Ukrainians die or that Russia's missiles are reducing Ukraine to a wasteland.

 

 

 

The question now is how far will America's Biden adninistration go in their efforts to provoke Russia into attacking a NATO nation and thus triggering all out war. RELATED:

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G7 Lunacy: Plan to cap Russian oil prices hand more power to China and Putin

 2 September 2022   by Eggbert Nobakon

Vladimir Putin enjoying jerking Europe's srings over gas supply (Picture: Telegraph)

Today's news informed us that leaders of the 'G7' nations (a group which likes to think of itself as made up of the world's most economically powerful nations although China (2) and India (5) are not members while Canada (9) and Italy (10) are) have agreed to  impose a price cap for purchases of Russian oil in a bid to slash Putin’s energy revenues and ease the global energy crunch.

In a joint statement G7 finance ministers announced the goal was to block the transportation of all Russian oil sold above a certain price. The ministers said the plan would be implemented  in line with EU sanctions on Russian oil set to take effect on December 5.

The statement, which notes that all EU nations will have to sign off on any sanctions changes, did not specify a level  at which the cap will be set.

The G7 plan, the latest, and likely to be the most ineffectual to date in the US / NATO / EU attempts to punish Russia for its invasion of Ukraine, would allow buyers of Russian oil under the agreed cap to continue getting crucial services like financing and insurance for tankers. Unfortunately the people who dreamed up this idiocy overlook the fact that sipping capacity, trans - ship transfer facilities and insurance are all available from finance centres in Dubai, Singapore, Mumbai, Shanghai, Qatar and Saudi Arabia, all of which are outside the jurisdiction of the USA, NATO and the EU.

European Commission President Ursula von der Leyen doubled down on the EU's shooting itself in the foot, shooting herself in  both feet by saying the bloc should impose a price cap on Russian pipeline gas to foil what she described as Putin's attempts to manipulate the energy market.

Former Russian President Dmitry Medvedev said Moscow would turn off gas supply to Europe if Brussels pushed ahead with a price cap which aptly illustrates the desperate mess the western economies have got themselves into.

Recent trade statistics show Russia was selling more than 40% of their oil to China and India, a lot more than before the war. India and China are then selling it on at an eye watering profit to commodity traders who disguise its origins and sell it into western commodity markets. Thus the price cap will only result in consumers in the nations that have imposed sanctions on Russia paying much more for everything because energy costs have a knock on effect right through the supply chain.

A couple of days ago Moscow agreed a deal with the Japanese and Hungary, and in today's papers it's reported that Austria is toying with buying gas from Russia - and on Russian terms. Putin's regime is odious, but Putin is playing his hand well. 

Sanctions already imposed aren't working, Russia sells oil to China/India and what is now called the global south at reduced rates. There is zero reason for them to follow the 'west'. Indeed, even straight after the invasion, it was clear that most of the world was not following the west's sanctions. Meanwhile EU member states and the UK, USA and Canada, Australia and Japan, thanks to their governments complete mismanagement of the Russia / Ukraine crisis, are already facing three domestic crises, food shortages, energy shortages and an inflationary spiral which is driving millions of families into poverty.

As for the non sanctioning nations, the  BRICS bloc (Brazil, Russia, India, China, South Africa,) is set to be made infinitely more powerful by the addition of oil - rich Saudi Arabia. In real time we are witnessing the dividing of the world into 2 blocks, and I fear that we are in the block that will become considerably poorer, and won't even succeed in its goal of winning the USA's proxy war with Russia currently being fought in Ukraine.

This price - cap project is an incredibly stupid move by the G7

7 of the wealthiest, whitest countries in the world with a combined population of less than one third of the planet believe they are capable of dictating to the 6 billion or so on the rest of the planet when those G7 nations are dependent on BRICS members for energy, staple foods, raw materials and manufacturing capacity

The unintended consequences of this ill thought - out move are beyond imagination

Over the medium term it’s likely to give impetus to moves  already under way by China, Russia, India, Turkey and a number of Middle East and African nations to set up alternative financial structures and governance structures, which will have huge international ramifications led by the USA.

It won’t work out well and predictably so because the people who formulated it obviously do not understand how the business they want to manipulate actually works 

 The international oil trade does not work by shipping lorry loads of oil overland. Commodity dealers make contracts for quantities of oil at agreed prices. So a million barrels of Russian oil sold to a commodity trader in India, China, Singapore or Dubai need not go anywhere near the country where the buyer is based.

Evidence has been widely published in mainstream media revealing that Russian oil is being mixed with Syrian oil, Quatari oil and oil from other sources and sold in the spot markets of the west with the country of origin shown as that from which it was last exported.

This latest idiocy is just more theatrical posing from clueless western leaders. Had these clowns not embraced green and 'net zero' lunacy over the past decade or two we might not now be in the situation of depending on Russia for energy supplies.

Picture Credit: REUTERS/Hannibal Hanschke/File Photo

The Americans are in cahoots with Zelensky and have really suckered the EU and U.K. into taking the pain over Biden’s proxy war with Russia. This war has made almost all USA energy sources profitable and Biden immediately ordered the frackers to frack despite signing up to net zero.He has also made the US fertiliser industry profitable and filled the order books of the US weapons industry and its supply chain. And his next move is likely to be authorising oil extraction in Alaska's arctic regions.

What is Europe and the U.K. getting in return?