This will be worse than the pandemic (Survival Lllly)

#1
C C Offline
PREVIOUS INSTALLMENT: Germany at the point of no return


SURVIVAL LILLY
https://youtu.be/lyngm0EWrQA

VIDEO EXCERPTS: So in this article some experts [International Energy Agency] are talking about an energy crisis or energy nightmare upcoming in six weeks here in the middle of Europe. The longer the war in the Middle East lasts, the worse the consequences will be. The situation in the Middle East continues to escalate. Fighting persists and an agreement is currently not in sight.

If this madness continues, prices of up to €3 per liter will be possible. [...] Fuel lockdown looms. ... Fuel may no longer be sold at some gas stations after Easter. Apparently, OPEC is already secretly working on a rationing plan.

The situation on the energy market is dramatic. The Strait of Hormuz was blocked overnight and the war in Iran could be prolonged with ground troops. Refineries in the Persian Gulf are already shut down and some are damaged. Restarting them will take months even after the war ends.

[...] So the situation is not so good, and therefore I want to prepare myself for a potential rolling blackout situation which might be possible because we don't have enough energy here in Europe.

[...] Easter presents are almost unaffordable. Price increases put a heavy strain on mothers. Also, the price of wood is going through the roof because transporting wood out of the forest to the sawmills to a lumberyard or into a hardware store is taking up a lot of diesel fuel, and this is making wood very expensive.

In India, thousands of migrant workers are now leaving the city as the global war begins hitting India's economy in real time. Not because jobs disappeared first, but because there's no gas to cook and prices are exploding. Families heading back to villages. On the countryside in India, you can still pick up wood for your fire, for cooking, but in the city there's no wood anymore.

Also in India, big textile companies are closing because the workers are gone and that also means that pretty soon the prices of clothing will go up. Australia has three natural gas plants that provide about 8% of the world's LG gas. But the production of LG was halted because of a cyclone hitting Australia. Murphy's law. This is Murphy's law. Everything that can go wrong will go wrong, right?

Petrol prices in Brazil are going up as well, but only about by 10% since the start of the war and that's because Brazil actually has huge amounts of biodiesel, and they also have cars and engines. So, Brazil is actually doing really good in the crisis.

Inflation significant increase expected due to Iran war. Food prices facing hikes. Inflation in Germany has recently slowed, but forecasts predict it soon will rise dramatically. Families are particularly affected by the current price increases.

Slovenia just became the first country in Europe to ration fuel. 50 L per day for private vehicles and 200 liters for businesses. The reason is stockpiling and shortages. Yeah, a lot of Austrians go to Slovenia to get fuel cheaper and that causes that those gas stations are either empty or have higher prices. Some people are saying that this situation could get worse than what we have experienced with the coronavirus pandemic...

This will be worse than the pandemic ... https://youtu.be/lyngm0EWrQA

https://www.youtube-nocookie.com/embed/lyngm0EWrQA
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#2
Syne Offline
Either Europe will help open Hormuz or they will suffer. Their choice.
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#3
Yazata Offline
Europeans could always buy American liquified natural gas. Besides Starbase, an even larger industrial project in suddenly-booming Brownsville Texas is a huge liquified natural gas export facility at the Port of Brownsville, specifically built to supply Europe and help replace the Nordstream pipeline from Russia. (See photo below by Mauricio of RGV Aerial Photography) While this terminal is still under construction and can't solve Europe's problems overnight, others like it are already complete, including big ones near Lake Charles Louisiana. The western part of the American Gulf Coast, east and west of Houston from New Orleans to the Mexican border, is rocking - experiencing a hydrocarbons export boom now that President Trump has ended the Biden administration's phase-out of hydrocarbons.

Unfortunately Europe is still paying the price for similar "green" policies. There's lots of oil and gas in Europe that could be freed up by fracking, which attracts protests virtually everywhere and many of their countries refuse to allow. (Add that to shutting down nuclear and closing coal fired plants, and it's easy to see why Europe is in deep shit.)

In addition to the LNG terminal, there are plans to build a huge new oil refinery at the Port of Brownsville, the first new one in the US in at least twenty years. And there are future plans to expand the LNG export terminal maybe three times, which would make it among the largest in the world.


[Image: GwzaDHMXEAIj1hF?format=jpg&name=medium]
[Image: GwzaDHMXEAIj1hF?format=jpg&name=medium]

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