Economic effects of the Russo-Ukrainian War

[TruckDriver9]

Gazprom announced that gas supplies to Europe will be reduced from 100 million cubic meters to 67. The official reason is the failure of Siemens to fulfill its obligations to repair equipment. - gas prices will go up /again/

"A machine used in shipping Russian natural gas to Germany has been caught up in Canadian sanctions imposed against Moscow, prompting a steep drop in flows in a key Russian pipeline and contributing to a surge in European natural gas prices on Tuesday.
Gazprom, the Russian gas monopoly, said on Twitter on Tuesday that it was reducing the amount of gas it sends to Germany via the Nord Stream pipeline by about 40 percent because a turbine sent for repairs had not been returned “in due time.” (...)"

Russian gas flows to Germany get snarled in Canada.

A critical piece of pipeline equipment was sent to Canada for repairs. Its return has been held up by sanctions against Russia.

www.nytimes.com

"An announcement by Russia’s Gazprom to reduce natural gas supplies to Germany via the Nord Stream offshore pipeline has led to fears that Moscow could decide to use the fossil fuel to put its biggest European customer under pressure in response to western sanctions. German economy minister Robert Habeck said Gazprom's move could be a "political decision". (...)"

Gazprom announcement to reduce Nord Stream gas flows "political decision" - econ min

www.cleanenergywire.org

"In addition to the Nord Stream supply issues, an incident at an LNG export terminal in the United States is adding to concerns in Europe and Germany. A fire at the Freeport LNG terminal in Texas on June 8 prompted an immediate shutdown of the facility's three liquefaction trains. The damage would keep the plant fully offline until September with only partial operation through year-end, raising the risk of gas shortages in Europe, reported Reuters. Analysts said that around 70 percent of Freeport monthly supplies in the past few months went to the European Union and Britain."

FACTBOX-Freeport LNG plant shutdown and main buyers at risk

Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), said on Tuesday that last week's fire damage to its Texas plant would keep it fully offline until September with only partial operation through year-end, raising the risk...

www.reuters.com

 

[mountainaire]

I've been saying it for a while. Much of our ruling elite are 3rd-4th generation brats. No one in charge of anything now got there due to their brilliance and competence as a leader.

The funny thing is, this was supposed to be the best and brightest they had. Just look at Biden's cabinet appointees and notice that an unusually large number of them belong to a certain rootless international clique...

The Biden admin has been an "all hands on deck" scenario for the ruling elite, and yet they are failing catastrophically on every front.

 

[Robert High Hawk]

When the war first started, I emailed my friend in Europe and said people would be starving and freezing to death on that continent by the end of the year.

One is six Germans are already skipping meals to save money, and we haven't even gotten to this year's bad harvest or freezing winter yet.

 

[Foolsgo1d]

Gazprom announced that gas supplies to Europe will be reduced from 100 million cubic meters to 67. The official reason is the failure of Siemens to fulfill its obligations to repair equipment. - gas prices will go up /again/
View attachment 42995
"A machine used in shipping Russian natural gas to Germany has been caught up in Canadian sanctions imposed against Moscow, prompting a steep drop in flows in a key Russian pipeline and contributing to a surge in European natural gas prices on Tuesday.
Gazprom, the Russian gas monopoly, said on Twitter on Tuesday that it was reducing the amount of gas it sends to Germany via the Nord Stream pipeline by about 40 percent because a turbine sent for repairs had not been returned “in due time.” (...)"

Russian gas flows to Germany get snarled in Canada.

A critical piece of pipeline equipment was sent to Canada for repairs. Its return has been held up by sanctions against Russia.

www.nytimes.com

"An announcement by Russia’s Gazprom to reduce natural gas supplies to Germany via the Nord Stream offshore pipeline has led to fears that Moscow could decide to use the fossil fuel to put its biggest European customer under pressure in response to western sanctions. German economy minister Robert Habeck said Gazprom's move could be a "political decision". (...)"

Gazprom announcement to reduce Nord Stream gas flows "political decision" - econ min

www.cleanenergywire.org

"In addition to the Nord Stream supply issues, an incident at an LNG export terminal in the United States is adding to concerns in Europe and Germany. A fire at the Freeport LNG terminal in Texas on June 8 prompted an immediate shutdown of the facility's three liquefaction trains. The damage would keep the plant fully offline until September with only partial operation through year-end, raising the risk of gas shortages in Europe, reported Reuters. Analysts said that around 70 percent of Freeport monthly supplies in the past few months went to the European Union and Britain."

FACTBOX-Freeport LNG plant shutdown and main buyers at risk

Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), said on Tuesday that last week's fire damage to its Texas plant would keep it fully offline until September with only partial operation through year-end, raising the risk...

www.reuters.com

Stupid Russians! The economic pain will be long and painful!




Wait, not like that!

 

[Easy_C]

I've been saying it for a while. Much of our ruling elite are 3rd-4th generation brats. No one in charge of anything now got there due to their brilliance and competence as a leader.

The funny thing is, this was supposed to be the best and brightest they had. Just look at Biden's cabinet appointees and notice that an unusually large number of them belong to a certain rootless international clique...

The Biden admin has been an "all hands on deck" scenario for the ruling elite, and yet they are failing catastrophically on every front.

You'll get the usual "No, there is no incompetence. It's 100% deliberate!" people.
Which is true to SOME extent. They want to "rip off the bandaid" in regards to fossil fuels.
But the information we see doesn't show that. They don't want people starving literally to death. Everything has been along the lines of getting people into pods, with a sustenance bug diet, hooked into drugs and VR. That way they can reduce the population drastically while maintaining a nice, orderly, inescapable control grid.

Food riots are a different proposition altogether and tend to result in some oligarchs getting killed.

 

[Caduceus]

One is six Germans are already skipping meals to save money, and we haven't even gotten to this year's bad harvest or freezing winter yet.

Yes, but 1 in 6 germans is now also muslim and/or african, so there's also that to consider.

 

[TruckDriver9]

" "I'm working closely with our European partners to get 20 million tons of grain locked in Ukraine out onto the market to help bring down food prices," Biden told a Philadelphia union convention. "It can't get out through the Black Sea because it'll get blown out of the water." (...) "So we're going to build silos, temporary silos, on the borders of Ukraine, including in Poland," Biden said."

Biden touts grain silos on Ukraine border to help exports; Kyiv wants ports open

U.S. President Joe Biden said on Tuesday that temporary silos would be built along the border with Ukraine in a bid to help export more grain and address a growing global food crisis.

www.reuters.com

 

[budoslavic]

 

[Garuda]

Protests erupted in Ecuador over worsening economic conditions.

 

[TruckDriver9]

Gazprom: Germany accuses Russian gas giant of pushing energy prices up

Russian giant Gazprom says it will cut the amount of gas it sends to Germany by more than half.

www.bbc.com

 

[TruckDriver9]

"France reported it was receiving no Russian gas from Germany since June 15. Italy's Eni (ENI.MI) said it would receive only half of the 63 million cubic metres per day (...)"

Russian gas flows to Europe below demand, threaten storage buildup

Russian gas flows to Europe fell short of demand again on Friday, coinciding with an early heat wave gripping its south and boosting benchmark prices on concerns the continent may struggle to build up storage ahead of the winter season as planned.

www.reuters.com

 

[TruckDriver9]

Google Russia files for bankruptcy

The company will keep some free services, like YouTube and search, free for Russian users.

www.politico.eu

 

[TruckDriver9]

 

[stugatz]

I'd laugh if Biden quietly started buying Russian gas/fertilizer/whatever from India or China. Although I feel a little bad that "wait, make the pain last longer so you can get crushed in the midterms!" is usually my first thought here. I'm still angry about how 2020 turned out, and I want Biden to be humiliated and/or prevented from running again by his own party.

Maybe I'm whitepilled, but I don't think the Democrats are dumb enough to "fortify" a midterm election. I think they'll just have to take this.

 

[TruckDriver9]

"Imports of Russian oil rose by 55% from a year earlier to a record level in May, displacing Saudi Arabia as China's biggest provider".

Ukraine war: Russia becomes China's biggest oil supplier

Chinese energy giants have been ramping up imports of heavily discounted Russian oil in recent months.

www.bbc.com

 

[911]

I'd laugh if Biden quietly started buying Russian gas/fertilizer/whatever from India or China. Although I feel a little bad that "wait, make the pain last longer so you can get crushed in the midterms!" is usually my first thought here. I'm still angry about how 2020 turned out, and I want Biden to be humiliated and/or prevented from running again by his own party.

Maybe I'm whitepilled, but I don't think the Democrats are dumb enough to "fortify" a midterm election. I think they'll just have to take this.

They will "fortify" it alright, but the loss margin will be too wide to game, there aren't enough 4am ballot trucks to change the outcome this time around.

The question is, are the Reps and their majority going to do anything about straightening up the voting mechanism before the '24 presidential election?

 

[Easy_C]

They’re going to try to fortify it.

I don’t see it being enough because the sheer magnitude of the dissatisfaction is beyond anything they’re cognizant of. Even with Dominion voting machines connected to the internet and all.

The real worry is some insurrectionists might attempt to disrupt Democracy and our elections.

Wi-Fi deauthentication attack - Wikipedia

en.m.wikipedia.org

 

[Thomas More]

They will "fortify" it alright, but the loss margin will be too wide to game, there aren't enough 4am ballot trucks to change the outcome this time around.

The question is, are the Reps and their majority going to do anything about straightening up the voting mechanism before the '24 presidential election?

No.

 

[TruckDriver9]

"Germany will restart coal-fired power plants in order to conserve natural gas, the country’s economy minister announced on Sunday, amid concerns about a looming supply shortage after Russia cut gas deliveries to Europe this week."

Germany will fire up coal plants again in an effort to save natural gas.

It was one of a series of measures announced by Germany’s economy minister, as Europe takes steps to deal with reduced energy supplies from Russia.

www.nytimes.com

 

[MRBR1908]

Ever notice how she looks like an angry turtle stretching out her neck...such hatred and vitriol on her face.