Again, whatever the short term outcome in the energy markets, Putin has lost the long term war. His military has been shown to be a joke, and long term, he is losing his best energy customers and will have to construct new pipelines and infrastructure in order to sell his gas to new customers. The people who are making out like bandits are the Chinese, India, and other countries that are buying oil from him at a steep discount then reselling it on the international market (hiding the origin).

No, it's quite safe to say that Putin is no genius. He has a bit of short term leverage due to the imbecility of western European leadership (who, collectively, have been dumber than Putin, I'll give him that much), but he's using that leverage up by the day and it won't ever come back.

Quote:

---

Quote:

---

Quote:

---

Do we have to defend Ukraine? Yes," Salvini said. "But I would not want the sanctions to harm those who impose them more than those who are hit by them." Politico meanwhile noted his coalition is expected to win big in late September national elections:

https://www.zerohedge.com/energy/italys-salvini-breaks-ranks-end-energy-sanctions-against-russia-because-we-are-our-knees

---

---

---

Sounds to me the cure is worse than the disease.

twk said:

---

Again, whatever the short term outcome in the energy markets, Putin has lost the long term war. His military has been shown to be a joke, and long term, he is losing his best energy customers and will have to construct new pipelines and infrastructure in order to sell his gas to new customers. The people who are making out like bandits are the Chinese, India, and other countries that are buying oil from him at a steep discount then reselling it on the international market (hiding the origin).

No, it's quite safe to say that Putin is no genius. He has a bit of short term leverage due to the imbecility of western European leadership (who, collectively, have been dumber than Putin, I'll give him that much), but he's using that leverage up by the day and it won't ever come back.

---

Yep. His leverage was the threat of energy disruption. Now he's done it and he can't un-fire that shot.

Who in the hell knows how all this is gonna shake out?

Anybody that acts like they know, don"t know as much as anybody else on here.

Anything could happen. And I'm not looking forward to it.

Not looking forward to watching this all go down.

Stat Monitor Repairman said:

---

Who in the hell knows how all this is gonna shake out?

Anybody that acts like they know, don"t know as much as anybody else on here.

Anything could happen. And I'm not looking forward to it.

Not looking forward to watching this all go down.

---

Watch for Western Europe and Central Europe to be politically split in two.

At the end of all this - don't be surprised to see the remnants of the EU coalesce under German hegemony and the eventual rise of a "4th Reich".

In the long run, The UK and Eastern Europe may have to economically resist German domination.

Sound familiar?

PUTIN: WON'T SUPPLY OIL, FUEL, GAS IF PRICE CAPS INTRODUCED

— First Squawk (@FirstSquawk) September 7, 2022

We are seeing the end of "soft" leftism in Europe. They went all in on Ukraine. Why they did still remains to be fully understood - one might say that they were responding to the calls of the Facebook morons that supported the cause, but the population supporting Ukraine did so because they were manipulated through social media (yes, I'm talking about you), and not the other way round.

So, where does that lead us? I don't think soft leftism can be sustained, so we will see either a hard crackdown by the left towards outright authoritarianism or the hard right is going to take power. Either way, it signals the end of all classic liberal thought in Europe.

For the last few years we have discussed 1984 as prophetic. Folks, this is 1984 - either way you go. It's going to spread here as well, and I have only one thing further to say: I'm glad I live in Texas because it's gonna get wild.

And, how do you make a terrible situation worse? Well, you quadruple down on stupid! However, at this point it's no longer stupidity. It's either political PANIC or INTENTIONAL. They are destroying the middle class and your wealth. See this article:

Flooding the market with $375 billion in aid!!!

Price caps!!

"Windfall profits" taxes


Oh ****ing boy...it's about to get ****ing INSANE!

https://www.bloomberg.com/news/articles/2022-09-05/can-europe-s-375-billion-in-relief-keep-households-warm-enough

NOW - EU will propose a "mandatory target for reducing electricity use at peak hours" in order to "flatten the curve." pic.twitter.com/Q6EuLLTM0L

— Disclose.tv (@disclosetv) September 7, 2022

Facing reality is a *****.

Quote:

---

CERN May Idle World's Largest Particle Collider As Europe's Energy Crisis Worsens

Europe's historic energy crisis is not only disrupting energy-intensive industries and collapsing household finances, but it could soon halt or limit experiments at the European Organization for Nuclear Research (CERN).

WSJ reported CERN is planning to shutter some of its particle accelerators at peak demand hours and is considering idling the world's biggest particle acceleratorthe Large Hadron Collider (LHC).

Quote:

---

"Our concern is really grid stability because we do all we can to prevent a blackout in our region," said Serge Claudet, chair of the CERN energy management panel.

---

CERN, located near FranceSwitzerland border, consumes 1.3 terawatt hours of electricity annually and is one of state-controlled French power giant EDF SA's largest clients. The amount of power it uses in a year can power 300,000 homes.


https://www.zerohedge.com/technology/cern-may-idle-worlds-largest-particle-collider-europes-energy-crisis-worsens

---

Quote:

---

Antwerp Mayor Blasts "Green Dogmatics", Admits "Bankrupt" Belgium Is "The New Greece"

"In America people are not in this ****," exclaims mayor of Antwerp, Bart De Wever during an interview on Belgian TV.

Quote:

---

"They are now exporters of oil and gas, but they certainly weren't twenty years ago. Climate standards are not of much use if all your companies go to America and China to produce, then you are bankrupt and the climate is not yet saved. This is the green dogmatics. People should start realizing this."

---

The outspoken mayor held nothing back during the Flemish current affairs program De Zevende Dag.


"Oil, gas and coal were no longer allowed. No investments were allowed in reserves. Germany does not have a single LNG terminal (a terminal for liquefied natural gas, ed.). The dumbest countries, Germany and Belgium, have phased out nuclear energy in parallel. We have pushed away all energy sources, making ourselves dependent on Putin. Now we hang on to it."

The previous government, of which De Wever's party was part, decided that the Belgian nuclear centers Tihange 2 and Doel 3 should close.

Quote:

---

"It's a purple-green law. We now have a purple-green government. That is a recipe for catastrophe."

---

Prime Minister Alexander De Croo says the country is 'in an economic war situation'.

Quote:

---

"Everything has to be on the table."

---

According to De Wever, it is time 'for bitter truths'...

Quote:

---

"This country is bankrupt."

---

---

Physical market realities are starting to overcome paper market printing schemes.....


And then you get this doubling down on stupid.

Quote:

---

EU Proposes 200 Euro Price Cap On Non-NatGas Generated

A draft proposal by Brussels looks to intervene in the worsening energy crisis by placing a price cap on electricity generated by non-natural gas power producers, according to Financial Times.

The European Commission urged member states to cap the price of electricity via wind farms, nuclear reactors, and coal plants, all of which generate power free of NatGas, at a 200-euro megawatt hour limit.
Enforcing such a price cap would lead to "market outcomes that could be expected where global supply chains functioning normally and not subject to the weaponization of energy through gas supply disruptions," the commission said in the draft proposal.

The draft also said EU members should reduce electricity consumption by at least 5% during peak hours amid an energy crisis worsening by the week. There was also mention the EU plans to recapture excess profit from power produces that don't rely on NatGas to help consumers pay power bills.


EU energy ministers are due to meet on Friday to discuss historical intervention in the energy market.

"A leaked EU draft proposal includes an electricity price cap on inframarginal profits... If true, we would see it to be a better-than-expected outcome for generation companies," Jefferies analysts wrote in a note.
Following the news, utilities and renewable energy stocks surged in Europe.

Credit Suisse senior analyst Jens Zimmermann said the draft proposal seems positive for utilities, such as "RWE."

Quote:

---

"Even under a price cap, upward EPS revisions have now become more likely as RWE's consensus forecasts were never based on the recent sky-high power prices," Zimmermann said.

---

RBC analyst Fernando Garcia said the electricity price gap "is quite high, clearly above levelized cost of electricity" and could be high enough not to discourage future investment in non-NatGas generators.

https://www.zerohedge.com/commodities/eu-proposes-200-euro-price-cap-non-natgas-generated-electricity

---

Anyone want to speculate on what happens when price controls and "windfall profits taxes" are implemented this fall?

will25u said:

---

Russian gas giant Gazprom released this eerie new ad showing winter coming to Europe, without Russian gas to keep them warm. Very creepy.

This is psych warfare.

WATCH:pic.twitter.com/d1yoLXKjpf

— Rosie's Nordstrom Pipeline (@DarnelSugarfoo) September 6, 2022

---

That's a legit incredible ad, gave me chills. I wish our commercials here used music like this instead of the constant hip hop garbage we see.

Yeah the subject matter is intense but Russia has Europe by the balls. It is what it is.

will25u said:

---

NOW - EU will propose a "mandatory target for reducing electricity use at peak hours" in order to "flatten the curve." pic.twitter.com/Q6EuLLTM0L

— Disclose.tv (@disclosetv) September 7, 2022

---

Just two more weeks to flatten the curve!

MuchosPollos said:

---

Anyone want to speculate on what happens when price controls and "windfall profits taxes" are implemented this fall?

---

MuchosPollos said:

---

Facing reality is a *****.

Quote:

---

CERN May Idle World's Largest Particle Collider As Europe's Energy Crisis Worsens

Europe's historic energy crisis is not only disrupting energy-intensive industries and collapsing household finances, but it could soon halt or limit experiments at the European Organization for Nuclear Research (CERN).

WSJ reported CERN is planning to shutter some of its particle accelerators at peak demand hours and is considering idling the world's biggest particle acceleratorthe Large Hadron Collider (LHC).

Quote:

---

"Our concern is really grid stability because we do all we can to prevent a blackout in our region," said Serge Claudet, chair of the CERN energy management panel.

---

CERN, located near FranceSwitzerland border, consumes 1.3 terawatt hours of electricity annually and is one of state-controlled French power giant EDF SA's largest clients. The amount of power it uses in a year can power 300,000 homes.


https://www.zerohedge.com/technology/cern-may-idle-worlds-largest-particle-collider-europes-energy-crisis-worsens

---

Quote:

---

Antwerp Mayor Blasts "Green Dogmatics", Admits "Bankrupt" Belgium Is "The New Greece"

"In America people are not in this ****," exclaims mayor of Antwerp, Bart De Wever during an interview on Belgian TV.

Quote:

---

"They are now exporters of oil and gas, but they certainly weren't twenty years ago. Climate standards are not of much use if all your companies go to America and China to produce, then you are bankrupt and the climate is not yet saved. This is the green dogmatics. People should start realizing this."

---

The outspoken mayor held nothing back during the Flemish current affairs program De Zevende Dag.


"Oil, gas and coal were no longer allowed. No investments were allowed in reserves. Germany does not have a single LNG terminal (a terminal for liquefied natural gas, ed.). The dumbest countries, Germany and Belgium, have phased out nuclear energy in parallel. We have pushed away all energy sources, making ourselves dependent on Putin. Now we hang on to it."

The previous government, of which De Wever's party was part, decided that the Belgian nuclear centers Tihange 2 and Doel 3 should close.

Quote:

---

"It's a purple-green law. We now have a purple-green government. That is a recipe for catastrophe."

---

Prime Minister Alexander De Croo says the country is 'in an economic war situation'.

Quote:

---

"Everything has to be on the table."

---

According to De Wever, it is time 'for bitter truths'...

Quote:

---

"This country is bankrupt."

---

---

Physical market realities are starting to overcome paper market printing schemes.....


And then you get this doubling down on stupid.

Quote:

---

EU Proposes 200 Euro Price Cap On Non-NatGas Generated

A draft proposal by Brussels looks to intervene in the worsening energy crisis by placing a price cap on electricity generated by non-natural gas power producers, according to Financial Times.

The European Commission urged member states to cap the price of electricity via wind farms, nuclear reactors, and coal plants, all of which generate power free of NatGas, at a 200-euro megawatt hour limit.
Enforcing such a price cap would lead to "market outcomes that could be expected where global supply chains functioning normally and not subject to the weaponization of energy through gas supply disruptions," the commission said in the draft proposal.

The draft also said EU members should reduce electricity consumption by at least 5% during peak hours amid an energy crisis worsening by the week. There was also mention the EU plans to recapture excess profit from power produces that don't rely on NatGas to help consumers pay power bills.


EU energy ministers are due to meet on Friday to discuss historical intervention in the energy market.

"A leaked EU draft proposal includes an electricity price cap on inframarginal profits... If true, we would see it to be a better-than-expected outcome for generation companies," Jefferies analysts wrote in a note.
Following the news, utilities and renewable energy stocks surged in Europe.

Credit Suisse senior analyst Jens Zimmermann said the draft proposal seems positive for utilities, such as "RWE."

Quote:

---

"Even under a price cap, upward EPS revisions have now become more likely as RWE's consensus forecasts were never based on the recent sky-high power prices," Zimmermann said.

---

RBC analyst Fernando Garcia said the electricity price gap "is quite high, clearly above levelized cost of electricity" and could be high enough not to discourage future investment in non-NatGas generators.

https://www.zerohedge.com/commodities/eu-proposes-200-euro-price-cap-non-natgas-generated-electricity

---

Anyone want to speculate on what happens when price controls and "windfall profits taxes" are implemented this fall?

---

Ooof this sounds bad for them. This is country collapse level bad. Not sure I have ever seen this kind of alarming language from countries in the west before.

We are also totally at the mercy of the authorities, and we have very little knowledge what they have planned.

Will they be able to stop the onset of the banking crisis, yet again? I don't know, but I am doubtful. 🤷‍♂️🤔
2/https://t.co/cwDzOwZkGE

— Tuomas Malinen (@mtmalinen) September 7, 2022

4. Wood (if you have a stove).
5. Other necessities.

No harm will come from preparation, if somehow miraculously we can avoid the onset of an outright economic collapse.

You just have more cash (no meaningful interest in banks), food, water and wood. 😉😁
4/4

— Tuomas Malinen (@mtmalinen) September 7, 2022

Looking horrific. Most Americans have no idea what's happening there, unfortunately. If they did, maybe they wouldn't want to mimic everything in Europe. Nothing about that place needs to be copied.

And it's going to impact us massively.

will25u said:

---

NOW - EU will propose a "mandatory target for reducing electricity use at peak hours" in order to "flatten the curve." pic.twitter.com/Q6EuLLTM0L

— Disclose.tv (@disclosetv) September 7, 2022

---

History will show that covid was a bioweapon that destroyed the western world.

Some serious energy conservation is starting to happen. Who had a firewood shortage on their bingo card.

Kozmozag said:

---

Some serious energy conservation is starting to happen. Who had a firewood shortage on their bingo card.

---

Europe is about to be reminded what a 1st-world issue renewable energy is. Not just going to burn coal, but wood as well, when it comes down to it.

For all their high-minded ideals, their reliance on renewables is now a severe detriment to their well-being.

Quality of life issues, no pool, saunas, exterior lighting, environmentalists are going to kill thousands in Bidens dark winter of death.

The seeds of the banking crisis in Europe pre-date the current energy crisis. They have been kicking the can down the road for a decade, but now that inflation is taking hold, the chickens are coming home to roost. The European Central Bank is being forced to choose between supporting Italian government bonds (by purchasing them in order to keep their rates low, and in touch with the rates paid by Germany) which is going to spur inflation, or, fighting inflation (particularly important to Germans, who have a primordial fear of inflation) and letting the Italian banking system collapse. The role the energy crisis plays in this is indirect, but certainly important.

People in Switzerland who violate the country’s new heating rules which forbid setting the temperature above 19°C (66.2F) in the colder months will face up to three years in prison.https://t.co/W5xSxGBtbu

— Paul Joseph Watson (@PrisonPlanet) September 7, 2022

They are going to be in a lot of trouble over there once people realize existing politicians/& their proxies are the source of all their problems and that switching that is all that is needed.

Europe’s Lehman moment… Norway's Equinor ASA says European energy trading is being strained by margin calls of at least $1.5 trillion…!! Lehman Brothers was $600 billion… it was caused by utilities shorting the market but they got burned by Russia this closing Nordstream 1. pic.twitter.com/8g9Wv6P0Vn

— Wall Street Silver (@WallStreetSilv) September 7, 2022

All this is interconnected. We on the clock.

People that know are too scared to say anything.

will25u said:

---

People in Switzerland who violate the country’s new heating rules which forbid setting the temperature above 19°C (66.2F) in the colder months will face up to three years in prison.https://t.co/W5xSxGBtbu

— Paul Joseph Watson (@PrisonPlanet) September 7, 2022

---

Is this new law with possible imprisonment thing for real?

BAP Enthusiast said:

---

will25u said:

---

Russian gas giant Gazprom released this eerie new ad showing winter coming to Europe, without Russian gas to keep them warm. Very creepy.

This is psych warfare.

WATCH:pic.twitter.com/d1yoLXKjpf

— Rosie's Nordstrom Pipeline (@DarnelSugarfoo) September 6, 2022

---

That's a legit incredible ad, gave me chills. I wish our commercials here used music like this instead of the constant hip hop garbage we see.

Yeah the subject matter is intense but Russia has Europe by the balls. It is what it is.

---

Didn't know the Russian govt was capable of such nuance and subtly! The few Russians possessing such qualities are typically drunken and suicidal dissidents!

I bet they hired a western PR firm.

Stat Monitor Repairman said:

---

All this is interconnected. We on the clock.

People that know are too scared to say anything.

---

Seems like they need some of the bravery the Muslims at least possess. Is no one `in the know' willing to kamikaze a career at least? Eisenhower's speech against self-serving interests was certainly rare, but why does it have to be that rare?

Agsuffering@bulaw said:

---

BAP Enthusiast said:

---

will25u said:

---

Russian gas giant Gazprom released this eerie new ad showing winter coming to Europe, without Russian gas to keep them warm. Very creepy.

This is psych warfare.

WATCH:pic.twitter.com/d1yoLXKjpf

— Rosie's Nordstrom Pipeline (@DarnelSugarfoo) September 6, 2022

---

That's a legit incredible ad, gave me chills. I wish our commercials here used music like this instead of the constant hip hop garbage we see.

Yeah the subject matter is intense but Russia has Europe by the balls. It is what it is.

---

Didn't know the Russian govt was capable of such nuance and subtly! The few Russians possessing such qualities are typically drunken and suicidal dissidents!

I bet they hired a western PR firm.

---

The KGB were masters at this for decades. Why would it be a surprise to you that Russians are experts at emotional manipulation?

GAC06 said:

---

twk said:

---

Again, whatever the short term outcome in the energy markets, Putin has lost the long term war. His military has been shown to be a joke, and long term, he is losing his best energy customers and will have to construct new pipelines and infrastructure in order to sell his gas to new customers. The people who are making out like bandits are the Chinese, India, and other countries that are buying oil from him at a steep discount then reselling it on the international market (hiding the origin).

No, it's quite safe to say that Putin is no genius. He has a bit of short term leverage due to the imbecility of western European leadership (who, collectively, have been dumber than Putin, I'll give him that much), but he's using that leverage up by the day and it won't ever come back.

---

Yep. His leverage was the threat of energy disruption. Now he's done it and he can't un-fire that shot.

---

His leverage might come back.
Remember, not too long ago, despite warnings, all these countries thought it was a good idea to shut down their own power sources and depend on Russia
They've proven to be not smart before, and nothing suggests that they've changed.

Uh-Oh. If COVID taught us anything it's that you DEFINITELY need to stock up on TP before an emergency.

Good Morning from #Germany where production costs for toilet paper have skyrocketed. Hakle, a large German toilet-paper maker w/a century-long history, filed for insolvency this week as “massive” price increases for energy and pulp drove it into a corner. (via BBG) pic.twitter.com/U0ivufNUys

— Holger Zschaepitz (@Schuldensuehner) September 7, 2022

"Copa-Cogeca, the EU farmers’ union, and FoodDrink Europe and PFP, two of the big food producer associations, said their members had already begun to close operations and reduce their output..."

Source: https://t.co/VWrJOKOJm2

— Gold Telegraph ⚡ (@GoldTelegraph_) September 7, 2022

Why wipe when you can squirt?




We are all going to need to learn to cope with less. Master Klaus told us so.

twk said:

---

The seeds of the banking crisis in Europe pre-date the current energy crisis. They have been kicking the can down the road for a decade, but now that inflation is taking hold, the chickens are coming home to roost. The European Central Bank is being forced to choose between supporting Italian government bonds (by purchasing them in order to keep their rates low, and in touch with the rates paid by Germany) which is going to spur inflation, or, fighting inflation (particularly important to Germans, who have a primordial fear of inflation) and letting the Italian banking system collapse. The role the energy crisis plays in this is indirect, but certainly important.

---

Which is why the EU arrangement will eventually collapse if this tsunami hits as currently projected. At some point someone is going to break away and go it alone to try and salvage their country.