Limits to Green Energy Are Becoming Much Clearer

We have been told that intermittent electricity from wind and solar, perhaps along with hydroelectric generation (hydro), can be the basis of a green economy. Things are increasingly not working out as planned, however. Natural gas or coal used for balancing the intermittent output of renewables is increasingly high-priced or not available. It is becoming clear that modelers who encouraged the view that a smooth transition to wind, solar, and hydro is possible have missed some important points.

Let’s look at some of the issues:

[1] It is becoming clear that intermittent wind and solar cannot be counted on to provide adequate electricity supply when the electrical distribution system needs them.

Early modelers did not expect that the variability of wind and solar would be a huge problem. They seemed to believe that, with the use of enough intermittent renewables, their variability would cancel out. Alternatively, long transmission lines would allow enough transfer of electricity between locations to largely offset variability.

In practice, variability is still a major problem. For example, in the third quarter of 2021, weak winds were a significant contributor to Europe’s power crunch. Europe’s largest wind producers (Britain, Germany and France) produced only 14% of installed capacity during this period, compared with an average of 20% to 26% in previous years. No one had planned for this kind of three-month shortfall.

In 2021, China experienced dry, windless weather so that both its generation from wind and hydro were low. The country found it needed to use rolling blackouts to deal with the situation. This led to traffic lights failing and many families needing to eat candle-lit dinners.

In Europe, with low electricity supply, Kosovo has needed to use rolling blackouts. There is real concern that the need for rolling blackouts will spread to other parts of Europe, as well, either later this winter, or in a future winter. Winters are of special concern because, then, solar energy is low while heating needs are high.

[2] Adequate storage for electricity is not feasible in any reasonable timeframe. This means that if cold countries are not to “freeze in the dark” during winter, fossil fuel backup is likely to be needed for many years in the future.

One workaround for electricity variability is storage. A recent Reuters article is titled Weak winds worsened Europe’s power crunch; utilities need better storage. The article quotes Matthew Jones, lead analyst for EU Power, as saying that low or zero-emissions backup-capacity is “still more than a decade away from being available at scale.” Thus, having huge batteries or hydrogen storage at the scale needed for months of storage is not something that can reasonably be created now or in the next several years.

Today, the amount of electricity storage that is available can be measured in minutes or hours. It is mostly used to buffer short-term changes, such as the wind temporarily ceasing to blow or the rapid transition created when the sun sets and citizens are in the midst of cooking dinner. What is needed is the capacity for multiple months of electricity storage. Such storage would require an amazingly large quantity of materials to produce. Needless to say, if such storage were included, the cost of the overall electrical system would be substantially higher than we have been led to believe. All major types of cost analyses (including the levelized cost of energy, energy return on energy invested, and energy payback period) leave out the need for storage (both short- and long-term) if balancing with other electricity production is not available.

If no solution to inadequate electricity supply can be found, then demand must be reduced by one means or another. One approach is to close businesses or schools. Another approach is rolling blackouts. A third approach is to permit astronomically high electricity prices, squeezing out some buyers of electricity. A fourth balancing approach is to introduce recession, perhaps by raising interest rates; recessions cut back on demand for all non-essential goods and services. Recessions tend to lead to significant job losses, besides cutting back on electricity demand. None of these things are attractive options.

[3] After many years of subsidies and mandates, today’s green electricity is only a tiny fraction of what is needed to keep our current economy operating.

Early modelers did not consider how difficult it would be to ramp up green electricity.

Compared to today’s total world energy consumption (electricity and non-electricity energy, such as oil, combined), wind and solar are truly insignificant. In 2020, wind accounted for 3% of the world’s total energy consumption and solar amounted to 1% of total energy, using BP’s generous way of counting electricity, relative to other types of energy. Thus, the combination of wind and solar produced 4% of world energy in 2020.

The International Energy Agency (IEA) uses a less generous approach for crediting electricity; it only gives credit for the heat energy supplied by the renewable energy. The IEA does not show wind and solar separately in its recent reports. Instead, it shows an “Other” category that includes more than wind and solar. This broader category amounted to 2% of the world’s energy supply in 2018.

Hydro is another type of green electricity that is sometimes considered alongside wind and solar. It is quite a bit larger than either wind or solar; it amounted to 7% of the world’s energy supply in 2020. Taken together, hydro + wind + solar amounted to 11% of the world’s energy supply in 2020, using BP’s methodology. This still isn’t much of the world’s total energy consumption.

Of course, different parts of the world vary with respect to the share of energy created using wind, hydro and solar. Figure 1 shows the percentage of total energy generated by these three renewables combined.

Figure 1. Wind, solar and hydro as a share of total energy consumption for selected parts of the world, based on BP’s 2021 Statistical Review of World Energy data. Russia+ is Russia and its affiliates in the Commonwealth of Independent States (CIS).

As expected, the world average is about 11%. The European Union is highest at 14%; Russia+ (that is, Russia and its Affiliates, which is equivalent to the members of the Commonwealth of Independent States) is lowest at 6.5%.

[4] Even as a percentage of electricity, rather than total energy, renewables still comprised a relatively small share in 2020.

Wind and solar don’t replace “dispatchable” generation; they provide some temporary electricity supply, but they tend to make the overall electrical system more difficult to operate because of the variability introduced. Renewables are available only part of the time, so other types of electricity suppliers are still needed when supply temporarily isn’t available. In a sense, all they are replacing is part of the fuel required to make electricity. The fixed costs of backup electricity providers are not adequately compensated, nor are the costs of the added complexity introduced into the system.

If analysts give wind and solar full credit for replacing electricity, as BP does, then, on a world basis, wind electricity replaced 6% of total electricity consumed in 2020. Solar electricity replaced 3% of total electricity provided, and hydro replaced 16% of world electricity. On a combined basis, wind and solar provided 9% of world electricity. With hydro included as well, these renewables amounted to 25% of world electricity supply in 2020.

The share of electricity supply provided by wind, solar and hydro varies across the world, as shown in Figure 2. The European Union is highest at 32%; Japan is lowest at 17%.

Figure 2. Wind, solar and hydro as a share of total electricity supply for selected parts of the world, based on BP’s 2021 Statistical Review of World Energy data.

The “All Other” grouping of countries shown in Figure 2 includes many of the poorer countries. These countries often use quite a bit of hydro, even though the availability of hydro tends to fluctuate a great deal, depending on weather conditions. If an area is subject to wet seasons and dry seasons, there is likely to be very limited electricity supply during the dry season. In areas with snow melt, very large supplies are often available in spring, and much smaller supplies during the rest of the year.

Thus, while hydro is often thought of as being a reliable source of power, this may or may not be the case. Like wind and solar, hydro often needs fossil fuel back-up if industry is to be able to depend upon having electricity year-around.

[5] Most modelers have not understood that reserve to production ratios greatly overstate the amount of fossil fuels and other minerals that the economy will be able to extract.

Most modelers have not understood how the world economy operates. They have assumed that as long as we have the technical capability to extract fossil fuels or other minerals, we will be able to do so. A popular way of looking at resource availability is as reserve to production ratios. These ratios represent an estimate of how many years of production might continue, if extraction is continued at the same rate as in the most recent year, considering known resources and current technology.

Figure 3. Reserve to production ratios for several minerals, based on data from BP’s 2021 Statistical Review of World Energy.

A common belief is that these ratios understate how much of each resource is available, partly because technology keeps improving and partly because exploration for these minerals may not be complete.

In fact, this model of future resource availability greatly overstates the quantity of future resources that can actually be extracted. The problem is that the world economy tends to run short of many types of resources simultaneously. For example, World Bank Commodities Price Data shows that prices were high in January 2022 for many materials, including fossil fuels, fertilizers, aluminum, copper, iron ore, nickel, tin and zinc. Even though prices have run up very high, this is not an indication that producers will be able to use these high prices to extract more of these required materials.

In order to produce more fossil fuels or more minerals of any kind, preparation must be started years in advance. New oil wells must be built in suitable locations; new mines for copper or lithium or rare earth minerals must be built; workers must be trained for all of these areas. High prices for many commodities can be a sign of temporarily high demand, or it can be a sign that something is seriously wrong with the system. There is no way the system can ramp up needed production in a huge number of areas at once. Supply lines will break. Recession is likely to set in.

The problem underlying the recent spike in prices seems to be “diminishing returns.” Such diminishing returns affect nearly all parts of the economy simultaneously. For each type of mineral, miners produced the easiest-t0-extract materials first. They later moved on to deeper oil wells and minerals from lower grade ores. Pollution gradually grew, so it too needed greater investment. At the same time, world population has been growing, so the economy has required more food, fresh water and goods of many kinds; these, too, require the investment of resources of many kinds.

The problem that eventually hits the economy is that it cannot maintain economic growth. Too many areas of the economy require investment, simultaneously, because diminishing returns keeps ramping up investment needs. This investment is not simply a financial investment; it is an investment of physical resources (oil, coal, steel, copper, etc.) and an investment of people’s time.

The way in which the economy would run short of investment materials was simulated in the 1972 book, The Limits to Growth, by Donella Meadows and others. The book gave the results of a number of simulations regarding how the world economy would behave in the future. Virtually all of the simulations indicated that eventually the economy would reach limits to growth. A major problem was that too large a share of the output of the economy was needed for reinvestment, leaving too little for other uses. In the base model, such limits to growth came about now, in the middle of the first half of the 21st century. The economy would stop growing and gradually start to collapse.

[6] The world economy seems already to be reaching limits on the extraction of coal and natural gas to be used for balancing electricity provided by intermittent renewables.

Coal and natural gas are expensive to transport, so if they are exported, they primarily tend to be exported to countries that are nearby. For this reason, my analysis groups together exports and imports into large regions where trade is most likely to take place.

If we analyze natural gas imports by part of the world, two regions stand out as having the most out-of-region natural gas imports: Europe and Asia-Pacific. Figure 4 shows that Europe’s out-of-region natural gas imports reached peaks in 2007 and 2010, after which they dipped. In recent years, Europe’s imports have barely surpassed their prior peaks. Asia-Pacific’s out-of-region imports have shown a far more consistent growth pattern over the long term.

Figure 4. Natural gas imports in exajoules per year, based on data from BP’s 2021 Statistical Review of World Energy.

The reason why Asia-Pacific’s imports have been growing is to support its growing manufacturing output. Manufacturing output has increasingly been shifted to the Asia-Pacific Region, partly because this region can perform this manufacturing cheaply, and partly because rich countries have wanted to reduce their carbon footprint. Moving heavy industry abroad reduces a country’s reported CO2 generation, even if the manufactured items are imported as finished products.

Figure 5 shows that Europe’s own natural gas supply has been falling. This is a major reason for its import requirements from outside the region.

Figure 5. Europe’s natural gas production, consumption and imports based on data from BP’s 2021 Statistical Review of World Energy.

Figure 6, below, shows that Asia-Pacific’s total energy consumption per capita has been growing. The new manufacturing jobs transferred to this region have raised standards of living for many workers. Europe, on the other hand, has reduced its local manufacturing. Its people have tended to get poorer, in terms of energy consumption per capita. Service jobs necessitated by reduced energy consumption per capita have tended to pay less well than the manufacturing jobs they have replaced.

Figure 6. Energy consumption per capita for Europe compared to Asia-Pacific, based on data from BP’s 2021 Statistical Review of World Energy.

Europe has recently been having conflicts with Russia over natural gas. The world seems to be reaching a situation where there are not enough natural gas exports to go around. The Asia-Pacific Region (or at least the more productive parts of the Asia-Pacific Region) seems to be able to outbid Europe, when local natural gas supply is inadequate.

Figure 7, below, gives a rough idea of the quantity of exports available from Russia+ compared to Europe’s import needs. (In this chart, I compare Europe’s total natural gas imports (including pipeline imports from North Africa and LNG from North Africa) with the natural gas exports of Russia+ (to all nations, not just to Europe, including both by pipeline and as LNG).) On this rough basis, we find that Europe’s natural gas imports are greater than the total natural gas exports of Russia+.

Figure 7. Total natural gas imports of Europe compared to total natural gas exports from Russia+, based on data from BP’s 2021 Statistical Review of World Energy.

Europe is already encountering multiple natural gas problems. Its supply from North Africa is not as reliable as in the past. The countries of Russia+ are not delivering as much natural gas as Europe would like, and spot prices, especially, seem to be way too high. There are also pipeline disagreements. Bloomberg reports that Russia will be increasing its exports to China in future years. Unless Russia finds a way to ramp up its gas supplies, greater exports to China are likely to leave less natural gas for Russia to export to Europe in the years ahead.

If we look around the world to see what other sources of natural gas exports are available for Europe, we discover that the choices are limited.

Figure 8. Historical natural gas exports based on data from BP’s 2021 Statistical Review of World Energy. Rest of the world includes Africa, the Middle East and the Americas excluding the United States.

The United States is presented as a possible choice for increasing natural gas imports to Europe. One of the catches with growing natural gas exports from the United States is the fact that historically, the US has been a natural gas importer; it is not clear how much exports can rise above the 2022 level. Furthermore, part of US natural gas is co-produced with oil from shale. Oil from shale is not likely to be growing much in future years; in fact, it very likely will be declining because of depleted wells. This may limit the US’s growth in natural gas supplies available for export.

The Rest of the World category on Figure 8 doesn’t seem to have many possibilities for growth in imports to Europe, either, because total exports have been drifting downward. (The Rest of the World includes Africa, the Middle East, and the Americas excluding the United States.) There are many reports of countries, including Iraq and Turkey, not being able to buy the natural gas they would like. There doesn’t seem to be enough natural gas on the market now. There are few reports of supplies ramping up to replace depleted supplies.

With respect to coal, the situation in Europe is only a little different. Figure 9 shows that Europe’s coal supply has been depleting, and imports have not been able to offset this depletion.

Figure 9. Europe’s coal production, consumption and imports, based on data from BP’s 2021 Statistical Review of World Energy.

If a person looks around the world for places to get more imports for Europe, there aren’t many choices.

Figure 10. Coal production by part of the world, based on data from BP’s 2021 Statistical Review of World Energy.

Figure 10 shows that most coal production is in the Asia-Pacific Region. With China, India and Japan located in the Asia-Pacific Region, and high transit costs, this coal is unlikely to leave the region. The United States has been a big coal producer, but its production has declined in recent years. It still exports a relatively small amount of coal. The most likely possibility for increased coal imports would be from Russia and its affiliates. Here, too, Europe is likely to need to outbid China to purchase this coal. A better relationship with Russia would be helpful, as well.

Figure 10 shows that world coal production has been essentially flat since 2011. A country will only export coal that it doesn’t need itself. Thus, a shortfall in export capability is an early warning sign of inadequate overall supply. With the economies of many Asia-Pacific countries still growing rapidly, demand for coal imports is likely to grow for this region. While modelers may think that there is close to 150 years’ worth of coal supply available, real-world experience suggests that coal limits are being reached already.

[7] Conclusion. Modelers and leaders everywhere have had a basic misunderstanding of how the economy operates and what limits we are up against. This misunderstanding has allowed scientists to put together models that are far from the situation we are actually facing.

The economy operates as an integrated whole, just as the body of a human being operates as an integrated whole, rather than a collection of cells of different types. This is something most modelers don’t understand, and their techniques are not equipped to deal with.

The economy is facing many limits simultaneously: too many people, too much pollution, too few fish in the ocean, more difficult to extract fossil fuels and many others. The way these limits play out seems to be the way the models in the 1972 book, The Limits to Growth, suggest: They play out on a combined basis. The real problem is that diminishing returns leads to huge investment needs in many areas simultaneously. One or two of these investment needs could perhaps be handled, but not all of them, all at once.

The approach of modelers, practically everywhere, is to break down a problem into small parts, and assume that each part of the problem can be solved independently. Thus, those concerned about “Peak Oil” have been concerned about running out of oil. Finding substitutes seemed to be important. Those concerned about climate change were convinced that huge amounts of fossil fuels remain to be extracted, even more than the amounts indicated by reserve to production ratios. Their concern was finding substitutes for the huge amount of fossil fuels that they believed remained to be extracted, which could cause climate change.

Politicians could see that there was some sort of huge problem on the horizon, but they didn’t understand what it was. The idea of substituting renewables for fossil fuels seemed to be a solution that would make both Peak Oilers and those concerned about climate change happy. Models based on the substitution of renewables for fossil fuels seemed to please almost everyone. The renewables approach suggested that we have a very long timeframe to deal with, putting the problem off, as long into the future as possible.

Today, we are starting to see that renewables are not able to live up to the promise modelers hoped they would have. Exactly how the situation will play out is not entirely clear, but it looks like we will all have front row seats in finding out.

About Gail Tverberg

My name is Gail Tverberg. I am an actuary interested in finite world issues - oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to financial problems for oil producers and for oil exporting countries. We are really dealing with a physics problem that affects many parts of the economy at once, including wages and the financial system. I try to look at the overall problem.
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3,985 Responses to Limits to Green Energy Are Becoming Much Clearer

  1. Fast Eddy says:

    Travel restrictions are quickly disappearing in Europe, with new announcements coming by the week — and, more recently, by the day.

    Changes to eliminate COVID-related travel rules gained momentum in January, as a wave of Omicron-related infections engulfed the continent.

  2. Fast Eddy says:

    New Yorkers will most likely be adjusting to a new normal soon as the city plans to drop mask mandates and proof of vaccination in the next few weeks, according to Mayor Eric Adams. As total cases around the U.S. begin to decrease, Mayor Adams announced his intention to reverse the city’s “Key2NYC” policy, mandating masks and proof of vaccination in most public spaces.

    Hmmmmm…. gotta get those infections up … to ensure Devil Covid arrives

  3. Fast Eddy says:

    GVB warning again – I’d like him to address the double whammy of the Booster Push + the Reduction of Restrictions…

    Surely he must find this alarming… one day we’ll wake up … and people will be dying in the streets… and it will spread like wildfire.

  4. Artleads says:

    AT A COMMUNITY MEETING YESTERDAY, I WENT IN MASKED only to be surprised by the seemingly smug, maskless attendees. It was like entering a club unaware of sudden rule changes. I’m sure these were the same terrified people who all got vaxxed and boosted. My own, probably paranoid, assessment is that going maskless can also be a weapon of mass control and conditioning perpetuated by an incredibly corrupted and deranged public. Since we’re not going back to normal, I question what next to expect from easily switched public mores.

    • Our immune systems really do need constant exposure to bacteria and viruses. Inhibiting this exposure diminishes how well your own immune system works. Wearing masks long term is definitely not a good idea. Staying away from other people has the same problem. If you always wear a mask and stop wearing one, there is a risk that you immune system is sufficiently degraded that you will catch a cold or other minor illness, and your system will not be able to respond properly.

  5. Fast Eddy says:

    Ukraine goes visa-free for foreign fighters

  6. MG says:

    The most beautiful thing about the situation regarding Putin is that his admirers, who viewed him as a saviour, now face his nuclear threats…

  7. Tim Groves says:

    Video from August 2020:

    “The end of the Cold war brought peace to Europe and armies began to demobilize. The American empire exploited this trust and ignored promises made to the Russians to expand NATO and absorb former Warsaw Pact nations and even former Soviet Republics. Efforts then focused on conquering the large former Soviet Republic of Ukraine. The Russians had found Ukraine unproductive, corrupt, and troublesome so granted it independence in 1991. The American empire plotted to absorb Ukraine into NATO and sent military units to Ukraine to bolster the Ukrainian army with plans for building American military bases. An American instigated coup in Ukraine led to bloody fighting and major economic disruptions.”

    It’s possible to pick out Joe Biden’s spokesman and Norman’s sweetheart Jen Psaki, seen taking part in the 2014 American-orchestrated coup plot, sitting at the far left of the table from the viewer’s vantage point (from 5:45).

    She was a spokesman for Secretary of State John Kerry (of swift-boat fame) at time. Wasn’t he a friend of Jane Fonda’s—protesting against the Vietnam War—back in the day? Prowar here, antiwar there; international politics sure is complicated.

    While Psaki talks trash about Russia daily, someone should hold up that picture and ask about her role in the 2014 coup in Ukraine.

    • JesseJames says:

      Excellent find Tim….just shows you how Psaki is part of the corruption….participating in the open coup in Ukraine at the detriment of the Ukrainian people.

      Truth is a casulaty in the Great Game.

  8. Fast Eddy says:

    WOW … WOW… people are crammed into tiny flats… this is insane.

    Oh and what I am wondering is why the masks stopped working … (you have to wear a mask at all times even outside…)

    The Hong Kong government is expected to impose a “large-scale lockdown” when it requires all residents to complete three coronavirus tests as part of its universal screening drive in the second half of this month, the Post has learned.

    A source familiar with the situation said the administration was also planning to compress the testing period from a planned 15 or 21 days to just nine.

  9. Fast Eddy says:

    I found the case descriptions fun reading

    Behind everyone case … is hopefully a MOREON parent suffering for feeding their child into the Meat Grinder.

    • Minority of One says:

      Interesting comments. Mostly from older folks who are unjabbed, reporting on how they were unable to persuade their grown-up children to not get the jab.

    • D. Stevens says:

      People are still blogging about covid? The news cycle changed to Russia so it’s time to forget about the past two years and move on. I hope we don’t have to listen to whining about ‘vaccine injuries’ for the next 30 years. Everyone was given informed consent, told about the risks and benefits, and made their choice freely to accept or decline the vaccine.

      • Jarle says:

        > Everyone was given informed consent, told about the risks and benefits, and made their choice freely to accept or decline the vaccine.

        What makes you write complete nonsense like that?

      • DStevens

        were you on ofw pre-covid?

        then it was all moon landing hoaxes—global warming hoaxes, WTCentre hoaxes.

        beginning of 2020, covid was just a hoax too–a version of flu manufactured by the chinese–didnt really exist at all.

        then it did exist, so vaccines became the big hoax—doctors roaming the streets looking for babies to inject by force, Bill Gates injecting us all with iron filings to track/control us via 5g masts.

        • Hoaxes versus planned outcomes by the powers that be is the issue. Years ago, this was much less of an issue. The problem has increasingly crept in. Norman is “old school” in his view of the situation; he tends to have more confidence in the powers that be being truthful than many others of us are.

          As George Carlin has quipped, “History is not happenstance; it is carefully planned by people in power.”

          As the future gradually changes to be more and more bleak, no one dares point this out. Instead, any number of stories are put forth, based on “scientific models” or other approaches to make the situation look better than it really is. The common narrative gradually begins to follow two tracks: (1) What really is ahead, and (2) What politicians and others would like us to believe is ahead, which corresponds to what citizens would like to hear is ahead. Main Street Media increasingly tells readers a fairy tale. The blogosphere increasing points out where the stories we are being told are false. As Ugo Bardi writes, the United States has become like the former Soviet Union, in the degree of falsehoods it promotes and in the suppression of the truth.

          Some people, including Norman, are very convinced that what we have been told is nearly always true.

          • first off, rejecting one load of nonsense, does not put me into the belief stream of another load of nonsense. My only certainty is that humankind is reacting with herd instinct…to whatever end. Politics has nothing to do with it.

            There is little ‘truth’ other than that.

            As just one example I have been taken to task on numerous occasions for rejecting moonloonery outright.

            A single landing might just have been faked–but six.?

            why stop at six??

            And i am supposed to accept other ‘truth’ from those who assure me that i am wrong?

            I regard all politicians through the lens of scepticism, because lying necessarily goes with the territory.

            All politicos are carried along on the tide of events that none of them has any control over.
            Just as we all are.
            they lie to cover up this reality
            just as we all do.

            The difference is, their shenanigans are writ larger than the rest of us. Open to public scrutiny.

            on the political front there seems to be there seems to be a confusion sometimes between ‘deliberation’ and ‘opportunism.’

            When Hitler was elected to office in 1933, he had no ‘deliberate’ plans to invade Poland–but the opportunity presented itself and he took it.

            Trump put himself up for POTUS, as a publicity stunt –unexpectedly he got elected, and grabbed the opportunity.

            both men were mentally unfit for high office.
            Putin is showing the same characteristics.

            Opportunism, not deliberation.
            And what did/do the above have in common—they looted their countries. Though Trump barely got started.


            Similarly, covid presented opportunities for colossal profit. To insist that it was pre-planned by a cabal of rich elite to rid the world of people to preserve resources for a select few, is the nonsense i reject out of hand.

            Ive destroyed that on numerous occasions.
            without people, Bezos’ lavatory will not flush. It really is that simple.
            And his ‘fortune’ will evaporate.
            Grant him the intelligence to see that.
            The ‘value’ of the world we live in is entirely dependent on the people living here.

            ‘Value’ of any activity can only come into existence when we change one energy form into another. Bezos’s fortune is entirely dependent on the rest of us playing ‘pass the parcel’ on his behalf.

            No people–no energy forms, no wealth.

            the ‘value’ of any object is only what someone else will pay you for it.
            House, car, gold bricks—that law is immutable.
            Prove me wrong?
            That is the basis on which we all exist.

            Crash the population to, say, 100/200/500m and we will have a bronze age economy, (at best). Check it out. We could maybe rewrite the bible around the campfires, like last time.

            Imagining that a ‘rich cabal’ will enjoy the world’s wealth, is hilarious. Yet I am assured that this has been ‘planned’ in advance.

            ”you want a new private jet Mr Gates?–certainly sire, it might take a while, cos we’ve got to build it from scratch.”—oh then theres a little problem with jet fuel. Hmmmm.


            ”you want a light bulb Mr Koch?–certainly sir, Ill just pop in the back room and blow one for you”

            ”you want bread Mr Musk?–heres 2 flat stones and a bag of corn, get grinding.”

            Yes, mistakes have been made with covid, because no one knew what to do for the best, politicians panicked and did stupid things. (just like they always do)

            But Being solemnly warned that crazed doctors are ”coming for my ggrandkids”–are all ‘certainties ‘ that i reject out of hand.

            I try to do it with humour, it is worth nothing more.


            Our ‘bleak future’ is due to universal collective greed–herd instinct for survival., not political planning

        • D. Stevens says:

          Norm, I was a reader of Gail’s from the oil drum days. At the time I was skeptical about the price dropping but she was correct. I rarely post because I don’t have much original content to add other than some insight into supply chains as I work in plastics/petrochemical manufacturing. I’m not really sure what to think about C19, thankfully I don’t know a single person who became seriously sick or died from covid or from the vaccine.


            Gail has been correct on prices eventually dropping, because the price of any commodity will respond to its affordabilty within its prime market.

            where she goes wrong is on the ‘collective pre planning’ of the scenario we are currently living in.

            we, humankind that is, are no different to any other species. We delude ourselves otherwise.

            we respond to threat with the instinct to survive.

            it is a ‘demand’ of nature, not the promise of politicians.

            we respond differently to that demand –some of us are brave, some cowards, some get verbal diarrohrea….almost all go into some level of denial and react accordingly.

            the ultimate of course, is that nature expects the best of our species too survive,–problem is, none, and i do mean none, of us know what the best of our species is.

            the billionaire thinks he’s proven himself superior, the backwoods survivor ditto, the academic, the rapture-monger, the politician—and so on.

            Only the grim reaper will decide, not us. if none survive, that will make room for the rise of a species that will (hopefully) make better use of the planet.

            There will be surprises for all of us.

      • Fast Eddy says:

        On the contrary … we are just getting started with Covid…

        We still haven’t seen what’s inside the box.

  10. davidinamonthorayearoradecade says:

    again, there are many of these types which I don’t post:

    “She was 51. Koh died Jan. 21 at her home in New York City after suffering a heart attack…”

    sure 51 female not overweight.

    your typical heart attack candidate… uh, not.

    all together now:


    • Fast Eddy says:

      hahaha… what a dummmb MOREON she was hahaha

      Please post more of these… I so enjoy reading them…

  11. Fast Eddy says:

    Didn’t want the US to Libya his country …

  12. Fast Eddy says:

    of course they are not aware of Austria … they threatened similar … then backed down… obviously nobody would pay … and if they tried to jail them they’d need to build millions of prison cells

    It’s all about getting as many people jabbed as possible … using whatever heap of shit lie/threat they can think of

  13. Fast Eddy says:

    Hospitalized COVID Patients Are Being Over-Treated to Death

    • Rodster says:

      “But they must know — and hundreds of appointed and elected officials must know — that the blowback from Covid-19 doesn’t stop with mere civil lawsuits but extends to criminal cases of supreme consequence: deliberate mass murder, extending to the highest levels of officialdom in many countries. To this day the CDC and state health departments are pushing “vaccines,” despite massive mounting evidence that the shots cause organ damage and mess up immune systems at a rate, and to a degree, astronomically above any previous vaccines. They must know that the official standard-of-care using remdesivir and intubation was overwhelmingly likely to kill hospital in-patients. They must know that early treatment protocols using cheap off-label drugs were highly effective and that banning early treatment — to maintain Emergency Use Authorization for killer “vaccines” — amounted to mass homicide.”

      • Fast Eddy says:

        The fact that ‘they’ continue to inject (including babies) means they know that there is no future… that they will not be prosecuted…

        This is extinction. It includes lawyers

  14. Fast Eddy says:

    Speaking of which, where are they in the Ukraine? 150,000 troops have invaded the country?

    18,000 auto weapons have been distributed to Ukrainian citizens in Kiev/Kyiv?

    So tell me this. Have you seen any video footage of actual armed clashes between Ukrainian civilians/soldiers and Russians? Actual back and forth prolonged shooting? (Not aftermath stuff.) I haven’t.

    With the Ukraine press on high alert, and with a zillion cell phones active in the country, I should have seen MANY gun battles, live, by now. If there are any.

    Have you heard the word DRONES?

    I haven’t. I’d think the Russians have some drones. But no. Seems like all the reported air battles are happening between planes with pilots in cockpits. Do it the old fashioned way.

    Did you see the extraordinary footage of a line of Russian tanks and armored vehicles all blown up and twisted on a quiet road in broad daylight?

    Who destroyed them, and how? And in or around those vehicles, did you see any DEAD RUSSIAN BODIES? I didn’t. I would think there were quite a few. Where did they go? Who took them away, and why? Were these Russian vehicles operated by remote control from Moscow?

    Of course, as in every recent war, US TV reporters, “on the ground” in the Ukraine, are doing stand ups in stone quiet areas where nothing at all is happening, and these “reporters” are relaying press updates originating from New York and Washington. That’s standard. “We’re sending you to Kiev/Kyiv on the midnight flight, Fred. Don’t forget your helmet. We’ll feed you AP dispatches through your earpiece and you just repeat them…”

    • JMS says:

      Following operation covid, operation war. Both fake and on behalf of the same plan of controlled demolition of the old liberal institutions that no longer serve, now that growth is gone, and therefore need to be replaced.
      Main objectives: depopulate, tighten control over the remaining useful eaters, and conserve resources for the winning class.

  15. Fast Eddy says:

    Allegations of Genetic Harm to Newborn Females are Easy to Verify

  16. Jef Jelten says:

    You all notice that all gov officials from school board to potus issue decrees as if they are royal rulers and not the public servants that they really are?

    “So and so is considering lifting mandates soon…”

    “So and so has said everyone must… or nobody can….”

    You never hear “So and so has listened to the majority of the population and is recommending…”

    There is a lot to be learned from what I just said.

    • Lastcall says:

      Exactly. In NZ there was a transition in the 1980’s from ‘public servants’, in lower case, to ‘Local Authorities’ in upper case.

      Well orchestrated conditioning begun in a very low key way; meet the new Authority, all educated and dumb, not the same as the old servants, well experienced and smart.

    • Bobby says:

      I like, very much what you just said

  17. In my opinion, the entire population of Turkey from 1915 to this day, including its sole Nobel Laureate Orhan Pamuk (in Literature), is not worth a single life – Henry Moseley.

    The world could do without the entire people who ever lived in Turkey , including Orhan Pamuk, but we realized the world could do without Moseley.

    The nation of Turkey should have been eliminated for what it did to Moseley.

    • Tim Groves says:

      There wasn’t a nation of Turkey at the time Moseley was killed. The place was called the Ottoman Empire.

      Sometime in the first half of 1914, Moseley resigned from his position at Manchester, with plans to return to Oxford and continue his physics research there. However, World War I broke out in August 1914, and Moseley turned down this job offer to instead enlist with the Royal Engineers of the British Army. His family and friends tried to persuade him not to join, but he thought it was his duty. Moseley served as a technical officer in communications during the Battle of Gallipoli, in Turkey, beginning in April 1915, where he was killed in action on 10 August 1915. Moseley was shot in the head by a Turkish sniper while in the act of telephoning a military order.

      Risking death due to enemy action is part of the price you pay when you invade. Why blame the defenders? Henry Moseley was was about as smart as the average Normie today who volunteers to be shot with a syringe full of Pfizer or Moderna or Jansen or Astra Zeneca even when their family and friends try to persuade them not to join the fun.

      • The Turkish Republic was built by Mustafa Kemal, who gained his fame at …. Galipoli

        Capturing him and executing him and kicking Turkey out of western and central Anatolia was what the UK should have done but didn’t

        and now Turkey is going to drop dead, like an elephant who dies at your doorstep.

  18. Fast Eddy says:

    NEGATIVE EFFICACY, catastrophic UK report week 8: COVID-19 vaccine surveillance report

    Week, 24 February 2022; the devastating vaccine data continues for 2022 and 2021
    The failure of the vaccine continues to be seen in the UK data week 8, original antigenic sin, ADE/ADVE, massive negative efficacy

    How Bizarre… the UK govt is aware of this .. yet they continue to push boosters… and continue to inject children

    Why norm?

  19. Rodster says:

    That is actually common knowledge. If you want to squash a virus especially one that resides both in humans as well as animals, you need to let it burn itself out so the population can build herd immunity.

    • Fast Eddy says:

      If the world had adopted Focused Protection .. covid would have been gone after a few months … just like the flu…

      Of course the injections are creating endless mutations of covid … that’s why it never ends

  20. Fast Eddy says:

    Dmitry Kiselyov made the comments on national television just hours after President Vladimir Putin put his nuclear deterrent forces on high alert.

    “Our submarines can shoot more than 500 nuclear warheads,” said Kiselyov, adding, “This would guarantee destruction of the USA, and all other NATO countries.”

    The TV host suggested that there was no point to life continuing on earth if Russia ceased to exist, asserting, “In accordance with the principle, why do we need the world, if Russia isn’t there?”

    Kiselyov went on to hype the strength of Moscow’s nuclear arsenal, bragging, “Russia’s nuclear arms are delivered by the world’s fastest strategic bombers.”

    NATO representatives labeled the move a dangerous escalation, with secretary general Jens Stoltenberg responding, “This is dangerous rhetoric.”

    I fully support this plan of action … if Russia loses they become the new Libya… F789 That!

    Take a look at what they are doing to the oligarchs… freezing their assets… proud Russians will not accept Libyanization … and they’d rather blow everything to bits…

    If I was Putin and Co… I’d have those sub commanders made aware of what a loss means… and I would get them on board with smashing the chess board to bits as a last resort.

    It’s kinda like being diagnosed with terminal cancer… not telling anyone… taking all your cash and inviting your friends and family to a birthday party — chartering a jet — loading them on — and crashing it into a mountain. If I die — F789 everyone else… they die too. Just on a bigger scale

    • Rodster says:

      That is actually common knowledge. If you want to squash a virus especially one that resides both in humans as well as animals, you need to let it burn itself out so the population can build herd immunity.

      Wrt Russia, they will not lose. Putin is playing chess while The West plays checkers. He holds all the cards because he has the oil, gas and rare earths that are needed to produce things like fertilizer. If he wanted to be a total maniac/dick he could ban all Russian exports to The West.

      All the man wanted is for the US not to pull a Cuba on him. If he decided to setup shop again in Cuba and install missile bases the US would’ve had a cow. He was asking for the same. The US/NATO wanted Ukraine and Crimea so they could take the Black Sea port. Putin’s real mistake back in 2014 was not to take back Ukraine. He decided to stop at Crimea.

    • Sam says:

      Not if he has his head cut off 🥱

    • Ed says:

      500 is enough to kill the major cities of NA and EU. It is not enough to go for the military targets.

    • Lastcall says:

      NATO representatives labeled the move a dangerous escalation, with secretary general Jens Stoltenberg responding, “This is dangerous rhetoric.”

      And what we have been getting from the western lamestream media isn’t dangerous?
      Another Euro clown; don’t they realise they are part of the same landmass as Russia, not the Unstable States of Amnesia!

  21. Thierry says:

    Russia should have crushed Ukraine quickly, that’s what everybody thought. Instead, the reports that are coming in are more and more about the low level of the Russian troops and the losses they are suffering, from a supposedly weaker army that was bombed from the first night.
    For example:
    “- Russians are disorganized, very bad in their logistic management. Honestly, countries like the USA and China must find the situation totally ridiculous, and Putin looks like an amateur; which he hates.
    – A group of Chechen armored vehicles was ambushed by a group of Ukrainian assault soldiers. No survivors.
    – Another video of Turkish drones in the hands of the Ukrainian army in action in Ukraine, destroying Russian logistics here.
    – This says a lot about the morale of the Russian troops, and confirms what seems to – be a given now: most of the soldiers had no idea they were going to war.
    – Tim Kaine just said on MSNBC that they are beginning to see signs of Russian troops refusing to participate in the invasion and crossing the border into Ukraine. That would confirm the information coming back to me from the field.”

    This is curious. So either Putin and his generals are stupid for having devised such a bad plan throughout the last years. Or Russia is playing a gambit. If Ukraine had been invaded quickly, there would be nothing left to fight for and the Western powers would be faced with a fait accompli. Prolonging the war, sacrificing a few pawns and looking weak allows the West to be lured into a death trap. Many countries have announced the delivery of arms and aircraft. Men are volunteering. What will happen to them on the spot? All that will leave to Ukraine will be definitively lost for another battlefield.

  22. Fast Eddy says:

    “To achieve this, as many people as possible need to be infected with the virus as the vaccines are not enough”; did you read that?

    Yes I did read that… it is an ominous development. It likely signals the beginning of the end

    Sounds like what Geert Vanden Bossche warned about — deploying leaky vaccines during a pandemic is a recipe for disaster.

    Where does that leave us?

    1. In Iceland and elsewhere – the vast majority of many countries populations are fully vaxxed and boosters are being pushed hard.

    2. Omicron is surging through these countries resulting in record infection rates (the pandemic is more widespread than ever)

    3. Countries are removing most restrictions and ‘Letting er Rip’

    4. All of these countries have seen the data out of Israel (vs Palestinian populations) and they know that the hospitalizations and deaths are higher in the vaccinated populations – YET they continue to deploy the boosters — they continue to coerce children to take the vaccines.

    5. The MSM and leaders in these countries are celebrating the ending of restrictions (but not the ending of the boosters – oh not — the boosters continue… the push is as hard as ever).

    6. We know that the covid story has been a LIE from the very beginning when we saw people who were apparently deathly ill wandering the streets of Wuhan (shopping? going for lunch?) and falling dead. Do people with severe flu do anything but lie in their beds…????

    7. Does anyone really believe that the MSM and leaders suddenly ‘found Jesus’ and decided to mend their wicked ways? If so then why are they continuing to inject children? Why not proclaim ‘we defeated Covid – the injections stop – we open up … we go back to 2019’

    Don’t be suckered in by their lies… do not be calmed by their false promise of a return to normal.

    What you are looking at is the masterminds of this bioweapon operation — throwing buckets of petrol on a simmering fire…. they are doing exactly the OPPOSITE of what Bossche recommended.

    We have a highly contagious variant infecting huge number of people vaccinated with leaky vaccines — and we are running intensive campaigns to get more boosters into shoulders + into children.

    This is creating huge numbers of mutation factories – every single injected person who gets Covid is a candidate to brew the deadly mutation that Bossche is warning about.

    And the fools are gleefully booking vacations (and boosters … yes more boosters cuz the previous shots were so effective!!) believing their Dear Leaders have saved them from the horrible plague

  23. Ed says:

    Here is a table of production of electric from EIA for the US per year

    total used 4E12 kwhr
    from FFs 2.4E12 kwhr
    from nuke 0.79E12 billion kwhr
    from renew 0.79E12 billion kwhr

    The total energy for US per year is 30E12 kwhr per year

    renew/total = 0.026 or 3% just a factor of 30 to go.

    If we use $4/watt for PV that would be using 2.4 kwhr per name plate watt per year.
    12.5 trillion PV watts needed gives 50 trillion dollars. Over 30 years we must invest
    1.6 trillion dollars per year for 30 years. About 8% of GDP per year and this is real stuff spending not painting each others nails. Can we call that 24% of real stuff spending?????

    • Ed says:

      You might say hey wait something is wrong here I thought electric was 1/3 of total energy use?

      It is if you use energy input needed to make electric versus total energy use. But if you compare electric out of power plants versus total energy use it is 13% the factor of 3 is what you lose by using a heat engine.

      I should not include “fueling” electric generation in the replacement calculation so only need about 8.9 trillion PV watts or 1.1 trillion per year or 17% GDP REAL STUFF for 30 years. Not including maintenance and replacement of aged out components.

  24. Jef Jelten says:

    One thing that I always think about wrt all the talk of financial collapse is this;

    Where does all the financial information/data come from that is used in all of these analysis and …#1 why would anyone believe any of it, #2 how easy is it to manipulate, #3 if they don’t post the data does collapse still happen?

    I still think that it will be real world physical issues that will cause collapse. Once that kicks off obviously financial issues are almost meaningless

    • real world physical issues are what’s causing problems right now, not ‘finance’

      ‘finance’ is just the ‘language’ by which physical issues are defined.

      a resource shortage is a physical issue

      finance is our ability (or inability) to buy it–whatever that resource happens to be.

      this is why printing money to cover up the problem in the short term makes the problem worse—it doesnt increase the volume of resource available, but the gullible masses think it does.

      so you get runaway inflation.

    • JonF says:

      I think it’s going to take a couple of the big OPEC producers going into decline to render all the financial chicanery meaningless…..for example, Iraq going sub 3m b/d and SA going sub 8m barrels per day…..

      On the other hand, it’s about net energy per barrel as much as it is about total production…

      For anyone who likes to play with data and produce charts….I wonder is there an analysis combining oil production/debt per capita/GDP per capita/energy use per capita….which could give us an idea of where we are with respect to net energy?

  25. Student says:

    Hungary will not allow the transit of EU weapons for Ukraine

      • Sam says:

        What they say and what they do are two different things

      • Student says:

        On the contrary, Italy shows its muscles to Russia and approves to deliver weapons to Ukraine.

        …Draghi challenges Putin…

      • Ed says:

        Israel will be happy to sell weapons to Ukraine.

      • Mirror on the wall says:

        Perhaps they are ‘hedging their bets’ on where they could regroup next, when USA and Europe go down in the energy crisis, given the pattern of history, and the state of their relations with their neighbours in the Middle East? It would not make much sense to upset Russia now. Perhaps they are taking that scenario seriously?

        • Student says:

          Yes, probably.
          Maybe Israel is also thinking that in case it will invade Iran or fight it, they would not like that other Countries will help Iran.
          For Hungary I think that they are very close to Russia and what you say makes very well sense.
          In fact I think that Hungary is waiting to see what will happen and doesn’t want to side too much.

          • Petedivine says:

            Hungary and others want Russian natural gas and petrol. Without energy the Gov’t would collapse. That’s what Europe is playing with. At least Italy has an LNG port to fall back on.

            • Fast Eddy says:

              If Russia is defeated and Iraqi’ed … and the Russian people are left with just enough energy to stay alive.. that frees up a lot of energy for Europe — which in case nobody noticed is getting crushed by high energy costs…

              Russia is unable or unwilling to increase supplies.. so a bottleneck is imminent.. if the demand supply story goes sideways.. BAU collapses.

              We are likely about to witness a battle to the death over energy.

              I could see Putin launching the missiles … how do you say We Burn – You Burn… in Russian

    • Ed says:

      Do not want to turn Ukraine into Libya. When will the slave trade begin in Ukraine?

      • Many people everywhere will see their ability to support themselves reduced to the level of slaves, I am afraid.

        • Dennis L. says:

          Is it possible that practically there is little difference between a debt slave and an actual one? At least in the case of a real salve the owner has an interest in your health and nutrition otherwise one becomes a depreciating asset.

          A free man has assets, those assets mean his return on labor is also a function of how well he employs his capital, think tools of a journeyman. Those tools can also be handed down to his sons/daughters – the latter case in the form of a dowery with which the son in law can purchase additional tools, etc. Give them children at a reasonable rate and one has a growing economy. Give he first born the assets and one has compound interest over a longer period of time and the first interest is the most important.

          A slave’s tools are owned by his master. He has no place to invest his capital, his human capital(children) are also slaves. I don’t see much of a difference between this and a debt slave if the debt slave is not taught basic home economics. Strange, those courses have been depreciated, it looks a great deal like effective slavery.

          The physical capital of the Ukraine is being destroyed, Russia’s physical capital remains untouched, how much human capital it is losing is unknown. One is useless without the other.

          Dennis L.

          • Good point. Students graduating with a lot of debt and low wages are in a terrible situation.

            As I understand the situation, the physical capital of Ukraine is mostly very old. One of the functions of war seems to be to destroy physical capital that is very inefficient. I cannot imagine that factories are efficient, or that buildings are tight and well insulated.

            With respect to human capital, in some sense the world now has too much human capital, relative to the resources that can be extracted. If this is the view a person takes, the loss of life is no problem.

            One of my sons works for a company with quite a few computer programmers in Ukraine. All of these workers work from home. Problems in Ukraine will make a mess for the international company, depending on the inexpensive labor available in Ukraine.

            • Xabier says:

              ‘Men are lemons: you squeeze them for the juice, and throw them away!’

              ‘A man such as I cares nothing for the loss of 10,000 men!’

              ‘I have lost an army (in Rusisa). No matter! I’ll recruit another!’


            • Herbie Ficklestein says:

              Xavier, sounds a lot alike another adventurous fella that invaded Russia!
              Adolf H claimed he was going to form another 6th army group after it’s capture at Stalingrad..
              You will see, you will see….of course, it was know he had sunlight vision or something of the sort..
              Some never learn…

            • Mirror on the wall says:

              X, are those quotes from a particular study of Napoleon? I have not yet really studied him. There is likely a volume out there that would be ideal for the purpose.

            • JonF says:

              Here’s a quote attributed to Napoleon at the beginning of the Russian campaign….taken from Spengler’s Decline of the West Vol 1 :

              “I feel myself driven towards an end that I do not know. As soon as I shall have reached it, as soon as I shall become unnecessary, an atom will suffice to shatter me. Till then, not all the forces of mankind can do anything against me.”

            • @Xabier

              I don’t know about that quote being from Napoleon, but Arthur Harris said the entire castle of Dresden was not worth the value of one single fusilier

              He vastly over estimated the value of a footsoldier

              And UK still built a statue of him and the Queen consecrated it. Showing UK honors the worst scums you can find.

            • ww2 was an unfortunate business

              it’s easy to select villains from 80 years ago, and bend circumstances to suit your own particular opinions rather than trying to see the complete picture.

              perhaps you are familiar with the pejorative term used by the luftwaffe, that any town destroyed by them had been ‘Coventried’.

              that was years before Dresden

              As Harris pointed out, ”They have sown the wind, now they will reap the whirlwind”

              are you suggesting that Harris should have sent Goering a letter telling him to ‘cease and desist’?

              do try to read history in full, not selectively.

            • Mirror on the wall says:

              Interesting. If I understand Napoleon, his grand passion was a modern Europe, unified as a single power, from east to west, but the British Empire defeated him in the pursuit of the ‘balance of power’, on the continent, and its own power interests across the globe. Modern history might have been quite different in an alternative ‘timeline’. We can all see the situation today.

            • @Norman

              Harris should have been allowed to fall into the memory hole

              Honoring people like him shows UK is still not willing to be part of Europe

            • it isnt possible to fast forward the past into the present to underpin a personal point of view.

              the past is history, it influences our ‘now’, obviously, but that’s all it can do.

              there are millions of ‘factors’ in our past that can be twisted to influence what we do.

              but i do suggest again, that you read your history books in a complete and balanced way, rather than screwing yourself up on specifics.

              that will get you nowhere.

              For instance, read up on what the Russians did to the Ukrainians in the early 30s.

            • Tim Groves says:

              ‘Men are lemons: you squeeze them for the juice, and throw them away!’

              I thought that one was Barbara Windsor!

            • @Mirror

              Such ‘balance of power’ shit killed millions of Europeans for no reason, bringing a irreversible decline of civ.

              When Ramanujan was installed into the Royal Society in 1918 it was over.

              Asia will kill the modern civ. Period

  26. jupiviv says:

    This is from an RT commentator’s personal youtube channel, but the timestamped part identifies and discusses some pro-Ukraine fake news.

    They’re making 1000s of fake news clickbait videos about an ongoing full scale war that can go nuclear any second.

  27. Ed says:

    For the decades long war effort we need FFs.

    “The dilemma for the West: you can’t win a geopolitical conflict lasting years or decades with an economy powered intermittently by wind turbines and solar panels.”

    Of course when reason fails appeal to war.

  28. Herbie Ficklestein says:

    Intermission.Syrely we must be nearing the end game…pun intended

    Michael Jordan’s roomie game sets record price at auction

    Cole’s ticket sold for $468,000, including a 20 percent buyer’s premium. A ticket stub from Jackie Robinson’s 1947 Major League debut fetched $480,000. The highest-graded ticket stub from Jordan’s NBA debut set the record in December when it sold for $264,000.

    The flurry of lucrative sales reflects how the market for vintage sports tickets has surged during the past few years. Especially coveted are tickets from an iconic athlete’s first pro game. They’re the ticket market’s equivalent to rookie cards

    With all the funny money sloshing about this may be a better bet than the

    Yahoo News

  29. Sam says:

    Oil way up and to total instability but yea gas is only up .10 in most places so yes more manipulation!! It’s amazing what you can do with computers these days! Let’s make the stocks go up today! Que the Warren Buffet wax figure to exemplify a balanced portfolio

  30. Mirror on the wall says:

    So much for that! An ‘end of history (sic)’ now looks more likely in the compete collapse of the global economy and geopolitical order. The final ‘chapter’ may well be the ascendency of China-Russia.

    > Putin, Ukraine and the end of ‘the end of history’

    …. When the Cold War ended and communism was at last defeated, the West set about assembling its own narrative model of history, one that it would come to believe in more devoutly than even the most fervent Marxist. While even Stalin believed that the USSR was merely the first stage of communist evolution, however inevitable, the new liberal history announced that their utopia had been attained. There could be no improvement or challenge to this model of government. Sure, there would be problems to iron out: countries to bring into the fold, trade systems to perfect, policy tweaks to be argued over by technocrats. But the fundamental problem of ‘history’ was over, we were told.

    Embracing international trade would bring prosperity, and prosperity would usher in a middle class hungry for democratic governance. The revolution was inevitable, and would be televised by a free Western press. It’s easy to see how this model could seduce politicians; there is no conflict between growth and democracy, between trade and ethics. Enriching your enemies would defeat them as one by one they fell into line, Laissez-faire as the most effective foreign policy tool of its age.

    While some authors felt a degree of unease – Robert Cooper noted in 2002 that the great unknown for Europe was whether Russia could be integrated into the whole – the prevailing view was utopian. And besides, as the Atlantic told us in 2001, ‘Russia is finished’: doomed to irrelevance in an American order….

  31. CTG says:

    I just posted this to Igor’s website :

    To Igor and the readers of this website. I have a question and I need some comments.

    I read somewhere in this website that the offending sequence of DNA is actually a sequence that “disables” the gene repair of the DNA. For simplicity sake, I will use “cancer-causing-sequence”.

    For unvaccinated people with normal and functional immunity, a virus enters the body, the immune system kicks in and destroys the virus. Residualy T-cells or wherever immunity that our immune system mounts is “stored” as a memory for future attacks. The virus is actually sterilized in the body.

    Now for those who took the vaccine, they immunity is not functional anymore (to what extend depends on that person and also how many shots that person has taken). They get reinfected again and again. Unlike the unvax, the chances of reinfection for this large group of people is very high.

    The SARS-COV2 virus has its spike protein encoded with “cancer-causing-sequence”. somehow the vaccine helps in reverse transcribing into the DNA the “cancer-causing-sequence”.

    Can anyone tell me if there is a study that conclusively determines “for how long does the mRNA vaccine stays in the body”? Assuming that it stays in the body for a long period of time, for each reinfection, the there will be a higher chance that the SARS-COV2 with the offending sequence will reverse transcribe into the DNA? For those who are unvax, our immunity just kills of the virus and it is not in our body anymore.

    In other words, the more reinfection, the higher chances of reverse transcribing and thus more chances of cancer?

    In my corner of tropical and hot South East Asia, there are many cases of (1) sudden death due to cancer. It goes straight into stage 4 and within days, the person dies. (2) bacterial infection in the blood, brain, lungs, etc and the person dies suddenly. The heart, clots and strokes are very common.

    Appreciate if anyone can comment on the above.

    p.s. Igor – 15 thumbs up if I have 15 thumbs to do it!!

    • Fast Eddy says:

      Is there a way to subscribe to comments on Substack? I have only seen an option to receive replies to comments that I make .. or likes..

      BTW: reading this causes my endorphin levels to spike… I read it will drinking a double shot of coffee and was overcome with delirium… a bit too much excitement for the moment…

      Do you mind providing more detail… how many people… how many jabs… old/young….what type of cancers… all the gory stuff…

      In my corner of tropical and hot South East Asia, there are many cases of (1) sudden death due to cancer. It goes straight into stage 4 and within days, the person dies. (2) bacterial infection in the blood, brain, lungs, etc and the person dies suddenly. The heart, clots and strokes are very common.

      Oh and does anyone know what happened to mike??? He has definitely had his 3rd Shot by now… yoo hoo… mike?

      Been awhile since old dunc dropped one of his moronic comments about the unvaxxed dying and cleansing the gene pool… dunc???? dunc???? (dunc slithers across the floor .. answering the call of Fast Eddy… shits and pisses himself.. but he’s got the adult diapers on… then crawls into the corner and sucks his thumb… )…

      Last but not least … anna… anna of the asylum… word on the street is anna was overcome by a blood clot to her brain an hour after jab 3… the other half of her brain is also not functioning now .. she has been ISO Certified as a Vegetable.

      Jab Attrition — is a bitch

    • CTG, it’s been measured that it hangs around for “at least” 60 days.
      60 days, because that was the length of the study!

      Nobody really knows (or if they know, they ain’t sayin’).

  32. Pingback: AWED MEDIA BALANCED NEWSLETTER: We cover COVID to Climate, as well as Energy to Elections. - Dr. Rich Swier

  33. Fast Eddy says:

    As this war heats up you will see many cheering for one flag or the other; promoting escalations and retaliations. This is a trap. Who exactly benefits from a major war that sends millions of young, fighting age men and women to slaughter each other in Eurasia (at the precise moment when civil disobedience with teeth was beginning to spread)? And what do you suppose is about to happen to the monetary system now that Russia is being cut from SWIFT?

    Did you consider the fact that not only does Europe depend heavily on Russian gas (that the U.S. cannot even come close to replacing), but Russia and Ukraine also happen to be the world’s two largest wheat exporters comprising approximately 30% of global production? All of Ukraine’s exports have been halted, and with Russia cut off from the western banking system all future customers will have to work outside the dollar. Even if the physical war were to be contained to Ukraine (spoiler alert: it won’t), the consequences of the cyber and economic warfare already underway will be devastating. Western leaders are setting their populations up for much more than just parabolic price increases. Widespread shortages and famine are on the horizon. This will not be a short term phenomenon.

    Most of you understand by now that the WEF was the vehicle used to plan and coordinate the pandemic response (Event 201), but were you aware that there were two other exercises? Study the “Cyber Polygon (” and “Food Chain Reaction

    ” exercises.

    Did you know that Russia played a prominent role in Cyber Polygon? Did you notice that the Russian government sent a representative to speak about Russia’s central bank digital currency project? And did you know that Putin (like Trudeau, Macron, Andern and so many others) participated in Schwab’s Young Global leader program? Putin has admitted publicly that he has spent a great deal of time in Davos with Schwab and associates, and has signed Russia on to a 4th Industrial Revolution project of its own. Putin is in on the plan. He plays an essential role in The Great Reset by kicking off World War 3 proper.

    In this context the WEF is a lot like the WWF (World Wrestling Federation): only in this version instead of breaking chairs over each other’s heads they send your young people to kill and be killed. And as the war spreads in ways that “no one could have predicted” and cyber attacks start taking out communications and critical infrastructure they get to blame a foreign enemy for all the chaos and destruction that comes next. Don’t fall for it.

    Have you forgotten that the politicians directing each of these armies are the same criminally corrupt, genocidal control freaks that ruined your lives for the past two years, and who still intend to mandate yearly booster shots (and all manner of horrors) as soon as they get a chance? Oh, you thought that was over? Think again. In the U.S. a federal vaccine passport system is moving forward with bipartisan support (, and the WHO has the global version ready as well. Round two of the pandemic is baked in the cake.

    And if you thought round one was bad, wait till you see what government’s are capable of in a lights out scenario.

    We must use these last moments of the free internet carefully. This is our last chance to influence how people respond to these events (police and military in particular). This is the last chance to make them understand that the enemy isn’t overseas, and that serving justice will mean arresting those issuing the orders.

    Discussion @OpenSourceTheNews

    • Student says:

      I think that Russia partecipated to all that because if one doesn’t stay updated with the plans of WEF one risks to be unaware of what they have in mind.
      And I also think that Russia reacted mainly with ‘vaccines’ to Covid-19 because Russia knew that it had been released a biowepon in the environment, so if it were not this time, Russia knew that one Country needed to be ready to react with ‘antidots’ to bioweapons.
      Therefore they thought it was necessary to test the ability to react with antidotes.
      We have also to admit that Russia way to test antidots was less imposing and pervasive than in our Western Countries.
      Regarding digital currencies I think that every Country is preparing for that because it is a unavoidable scenario for them.
      That doesn’t mean that I agree with all that.

      • Xabier says:

        You may well be correct, Student.

        I’d also love to go to Davos, just to play along, see what they reveal when talking among friends: ‘Keep your friend close, your enemy closer’, etc.

        I suspect they spread their net wide to see who can be caught, and often fail.

        CBDC’s are inevitable; and it certainly makes sense to prepare for the Age of Pandemics, however exactly they originate. And to show that one can respond.

        Talk of millions of young men dying fighting a global war is ridiculous, that’s not how this game is being played. Mass deaths, but not that way.

        • JonF says:

          Hi Xabier,

          Are you still in the book binding trade?

          Have you ever came across old texts on coopering? Or wheelwrighting?

          • Xabier says:

            Almost the last real binder standing…..

            One classic account that springs to mind is ‘The Wheelwright’s Shop’, which has a lot of useful info but you couldn’t actually learn from it.

            This is the basic problem of all serious, as opposed to hobby, crafts: you need a master to teach you, and equally good suppliers of first-class materials.

            • JonF says:

              Thanks Xabier,

              Yes…even if we had 1000 newly apprenticed coopers ready to cooper….where are all the oak forests to supply them?

              A full bore craft revival post energy cliff is gonna be impossible due to the materials problem….more likely to see scavenging….repurposing of existing stuff…

            • re-purposing of ‘stuff’ requires heat and mechanical devices, just as processing of new materials does.

              the process itself might look a bit different. but the basic procedure is much the same.

              take a look at a scrapped car—just how much of it could you manipulate with muscle and hand tools? Or a Freezer, say, or a Tv set would give you the same problem.

              look at an ordinary food can, a combination of steel and tin. What exactly could you do with it?

            • Herbie Ficklestein says:

              Decades ago I was a pursuer of heritage crafts and skills. Xabier, you are correct, even after acquiring the necessary specialized tools and video/book instruction. Perhaps a workshop, if available like for Windsor Chair Making, would suffice. It is awe inspiring the knowledge and technical insight folks acquired in days past. I suggest the Fox Fire series of books as a guide to live or exist without BAU ..there are many others…to long to mention here.
              One thing I am certain of, it will be a painful learning curve to reinvent the wooden wheel…

            • Fast Eddy says:

              Fast Eddy is taking up knitting.

            • Fast Eddy says:

              The new Russian anthem:

            • Xabier says:

              As the author of that book points out, you might have an oak tree but only local knowledge would tell you if it would supply wood suited to your particular purpose.

              One local wood would contain trees that made good material for carts, etc; but another, not far away, would be known as useless for such purposes., going rotten quickly.

              We assume that ‘wood’ is consistent, like types of plastics – it isn’t!

              What a world of knowledge we have lost….

            • Ed says:

              In the post collapse book “The Earth Abides” coins are useful to make arrow heads. In that book the collapse is to near zero population say maybe one million world wide maybe as low as one hundred thousand.

            • FE, knitting like Madame deFarge!

      • Student says:

        But it is very worrying that vaccine passports are anyway proceeding in US

    • I am afraid that the person writing the Forbes article may be right. I hope not. The Cyber Polygon in an upcoming event.

  34. Christopher says:

    Looks like Russias chinese gas export capacity is 38 bcm (pipelines not LNG). Pretty small number compared to whats being exported to Europe, 179 bcm (in 2020 pipelines + LNG). Russia may find it hard to sell what it produces?

    • ivanislav says:

      How so? EU is only blocking certain banks and not sanctioning energy companies, specifically so that Russia can continue to supply them with gas. So far, Russia hasn’t shut off the gas because it’s important to them too.

      • Student says:

        It would be interesting if Russia would move bank accounts belonging to Oil & Gas exporters to the above mentioned ‘blocked banks’.

        ‘in order to pay our supply, you need to pay on the account of the bank you blocked’

  35. Fast Eddy says:

    1) BP decided to take a hit of as much as $25 billion, just to leave Russia immediately

    2) Russia’s bond market is collapsing

    3) Russians lined up at cash machines around the country to withdraw foreign currency

    4) Unless there’s a surprise de-escalation, Monday may turn out to be a dramatic day for the ruble, Russian stocks, and European markets

    5) The European Union closed its airspace to Russia. The blockade applies to any plane owned, chartered or otherwise controlled by a Russian person. Unprecedented

    6) The decision to exclude Russian banks from the SWIFT messaging system could result in missed payments and giant overdrafts within the international banking system

    7) The EU is going after oligarchs. Essentially now the entire political and economic elite of the country is sanctioned

    8) The U.S. Embassy in Russia said citizens in the country should consider departing *immediately* – The EU approved $500 million in lethal military aid to be used against Russia’s invading forces in 🇺🇦 and banned 🇷🇺 state media – also unprecedented

    9) The EU also banned all transactions with the Russian central bank, severely curbing its ability to use foreign currency reserves to cushion the devastating blow from the sanctions

    10) The situation on the front is unclear, but it seems Ukrainian facilities containing nuclear waste suffered damage

    11) Putin says he put his nuclear forces on “high alert”. Unclear what this means and what are his intentions. On the tactical side, things are definitely not going as well as he had hoped

    12) Could planned talks lead to some sort of resolution? Unclear what could a mutually acceptable solution be

    13) Meanwhile, Chancellor Olaf Scholz announced plans for a massive boost in defense spending in the latest historic policy shift in Germany triggered by Russia’s invasion of Ukraine.

    • jupiviv says:

      existing import contracts don’t change in price following a currency collapse, there’s a delay for new contracts to reflect a price hike only when the prior contracts have ended. not to mention russia could impose price controls, government purchases of strategic stocks etc. japan has been buying stocks for years to prop up its financial markets. bank rossii seems to have already taken steps to stabilize ruble, but no price controls or stock buys as yet.

      sanctions impact on goods flows typically take weeks and months, as does in turn any consequent effect on either inflation and unemployment. there are numerous ‘work arounds’ Russia could meanwhile implement to ensure flow of key goods via alternative channels of trade (China)

      no war ever goes “as well as hoped” but the ukrainian side is all we’re really hearing on this. basically their west-aligned oligarchs squealing like cornered rats. personally i don’t think the people or the army of ukraine are particularly enthusiastic about getting involved in (let alone capable of) vietnam/afghan style asymmetric warfare.

    • Jarle says:

      > On the tactical side, things are definitely not going as well as he had hoped

      According to who?

      • Mirror on the wall says:

        According to Western Psyops.

        The Western MSM constantly frames the conflict in terms of unrealistic scenarios: Russia planned to win it in one day, in two days, tonight is the crunch moment in Kiev, Russia failed, tonight is the crunch moment in Kiev, Russia failed….

        Russia is gradually moving across Ukraine, securing objectives and initiating the conditions of others. The conflict is going to take time, and always was.

        Do not expect anything to happen until it actually does.

        The Western MSM is a tidal wave of propaganda now, and it is best completely ignored. They are clearly implementing prepared protocols.

    • Chaos ahead!

  36. jupiviv says:

    These sanctions are ridiculous. Good and money capital flows all have third source work arounds that western authorities would look the other way on out of sheer survival instinct if not anything else. We still think we’re in the end-of-history 90s while living history gallops away from us. Well, at least it’ll still be a while before anything threatens the fatuous pandering media/consumer goods industrial complex which subsidises our personalised metaverses. Anti-vax 4 Lyf.

  37. Tim Groves says:

    New Zealand High Court ENDS Jacinda Ardern’s Vaccine Mandate: “It’s a Gross Violation of Human Rights”

    Apologies if this story has already been covered, but there’s a nice picture of Jacinda having a bad day.

  38. Mirror on the wall says:

    LOL The conflict just cost BP $25B after Boris pressured it over investments in Russia. BP shareholders must be happy tonight. Nice one, Boris. /s

    > BP quits Russia in up to $25 billion hit after Ukraine invasion

    BP to write down up to $25 bln following exit

    LONDON, Feb 27 (Reuters) – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western company in response to Moscow’s invasion of Ukraine.

  39. Pingback: The Media Balance Newsletter: 28/2/22 - Australian Climate Sceptics blog

  40. Rodster says:

    Because sometimes you can’t make this stuff up. Zerohedge recommends that you double mask just to be safe . 🤣

    “FEMA: In Case Of Nuclear Explosion, Maintain Social Distancing And Wear A Mask”

  41. Mirror on the wall says:

    CCP media today on de-dollarization.

    > US, European allies move to exclude Russia from SWIFT

    As the military conflict between Russia and Ukraine continues, the US and its European allies have put forward another way of piling pressure on the Russian government by moving to exclude Russia from the SWIFT interbank communication system, a move which experts described as “unprecedentedly severe,” but is unlikely to deal a fatal blow against Russia not only because of the latter’s long preparation, but also its hard-to-replace economic value to the West, particularly Europe, experts said.

    The sanction may also serve as a catalyst to speed up de-dollarization, as many companies, driven by the need to maintain trade with Russia, will be forced to look for ways to bypass the dollar-dominated system, including by settling foreign trade payments in ruble as well as the yuan, they noted.

    …. De-dollarization

    On the other hand, the exclusion of Russia from the SWIFT system would serve as a catalyst to speed up de-dollarization, as many companies, unable to bear the loss of cutting trade with Russia, will certainly look for alternate ways of making transactions that bypass the SWIFT system.

    “If Russia is excluded from international energy settlements with most European nations, energy transactions between Europe and Russia can only be de-dollarized, and that will be the beginning of the disintegration of dollar hegemony,” Bocom International’s managing director Hong Hao told the Global Times.

    One important method to offset the SWIFT exclusion impact is to settle foreign trade payments in currencies other than the US dollar, as the SWIFT system is primarily for dollar settlements, experts said.

    “It’s hard to say if transactions between Russia and countries in euro terms will be cut off as well after the SWIFT exclusion, but the chances are low considering the dependence of European traders on Russian energy,” financial expert Zhao Qingming said.

    Russia has also implemented measures to reduce reliance upon the dollar in recent years, including creating a new payment system that cannot be controlled by the US and giving huge taxation benefits to exporters who use ruble instead of the US dollar, media reports said.

    The Russian government signed agreements to link the payment system, named SPFS, to payment systems in China, India as well as countries within the Eurasian Economic Union. According to CNN, SPFS now has around 400 users.

    Besides, a number of Russian banks are connected to China’s Cross-Border Interbank Payment System, or CIPS, which may provide another alternative to SWIFT.

    “The proportion of Russian companies using CIPS, China’s international payment system, will increase as a result of the sanctions,” Xi said. He also said that Russia has a number of other ways to bypass the SWIFT system, like barter trade or agent banks, predicting that Russia should be able to make up for 50 percent of the trade losses with alternative measures.

    A senior executive of a Beijing-Based consulting firm, who asked for anonymity, told the Global Times that the SWIFT sanction shows that finance has political nature, and the tenet that “capital has no borders” is a lie.

    “It also rings an alarm bell that Western financial systems are unreliable for countries like China which they see as competitors. We must establish a global financial system that is self-control,” said the executive, adding that it is imperative to accelerate the internationalization of the yuan….

    • Getting rid of SWIFT (even partially) is likely to hurt the US more than Russia, I am afraid. The whole international trade system starts changing and rebalancing.

  42. Herbie Ficklestein says:

    Oil jumps as traders fear disruption in Russia’s energy industry
    PUBLISHED SUN, FEB 27 2022 6:36 PM EST
    Pippa Stevens
    Oil prices jumped on Sunday evening on fears that Russia’s oil and gas exports will be disrupted.
    The U.S. and Western allies imposed a new round of sanctions on Russia Saturday evening that target the country’s financial system.
    “The various banking sanctions make it highly difficult for Russian petroleum sales to occur now,” said John Kilduff, partner at Again Capital.

    $105….do I hear $106….

    • Mirror on the wall says:


      > $125 Oil Could Push The U.S. Into A Recession

      Sanctions on Russian energy could send oil prices above $125 per barrel which would almost certainly stall economic growth and lead to rising unemployment.

      …. Experts are warning that Russia remains in a prime position to continue weaponizing its oil and gas assets, which could lead to severe price spikes, as we explained here. Indeed, the crisis could very well change the trajectory of the U.S. economy and force the Fed to change tack.

      “If oil prices do continue to go up… It absolutely is going to increase recorded inflation. But it also constrains spending,” Barkin has said at an economic symposium…

  43. CTG says:

    Gail, 20 is almost up and it would be good if you have an open thread while waiting for your new and exciting article. We are facing an existential threat now and it would be nice to have an open forum here while the financial-mushroom cloud filters through next week.

    OPEC+ Likely To Stand By Plans To Only “Gradually” Increase Production, Despite Crude Volatility

    No one wants to make money now? Unless you have nothing to sell…..

    • They likely don’t have anything to sell.

      I would like to get a post done quickly, but this weekend I have been busy with the funeral of a friend. I’ll see what I can do.

    • Fast Eddy says:

      Good idea. We need to keep this open just in case mike has one last gasp and wants to make a final idi otic statement before he expires.

    • Student says:

      I agree, Ourfiniteworld has become one of the most reliable website to stay informed correctly on what is happening in the world.

  44. CTG says:

    It is gone anyway…

    Covid Vaccines, Embryogenesis, and LINE-1 Retrotransposons

    DNA Transcribed from Pfizer mRNA Vaccine Contains MUTANT gp130 Tumor Gene

    Check the comments. Most interesting and sane stuff. Nothing really stupid or infested by bots.

    Simply put, there is no future. The next generation is either fertile or prone to cancer. Even if 20% of the people die, will the entire system (FF-based) survive?

    • Very disturbing.

      Parts of the world are not vaccinated, including quite a few people in Africa. The mRNA vaccines are primarily used outside of Russia and China, and perhaps other places.

      The current FF system is already collapsing, or morphing to a different form, even before the vaccine issue. The question is whether it can morph to a different form, perhaps more Russia and China centered, leaving Europe and big portions of other parts of the world mostly out?

      • Ed says:

        Russia/China as the last block left standing seem plausible. They are both willing to use nuclear and all FFs.

        • Even the Russia/China block may need to shrink back somewhat. China can’t provide retirement at age 60 to its large population, for example. Some land-locked areas may prove to be too hard to service in China. Some parts of Russia produce too little of value, relative to the huge amount of fuel needed to keep the population warm.

          • Ed says:

            They will need to take reasonable actions
            1) raise retirement age to 70
            2) leave large areas as nature preserves no support
            3) enact a two child policy
            4) no immigration, I think they already do this
            5) all home/shop heating through zero pressure nuclear district heating

    • davidinamonthorayearoradecade says:

      I assume you mean large % INfertile, and I agree.

      and yes those retaining some fertility will have high cancer rates.

      win/win for the Great Depopulation Reset, if it’s intentional.

      the younger generations of Jabbed are in for a horrrrific future.

      toxic jabs and declining prosperity.

      • Fast Eddy says:

        A slow.. painful death… is a Big Win for the Pure Bloods hahahaha

        It’s gonna be like a never ending Jack Pot … just a steady drum beat of cancer heart attacks and other diseases.. killing off the MOREONS

        • Xabier says:

          The Russian demographic collapse, post-USSR, but on steroids.

          Combined with totally messed up health services in so many countries, ‘due to the pandemic’.

          And all of it plausibly deniable….

    • Fast Eddy says:

      Igor is the best source for Covid info – period. And he acknowledged that we have never been to the moon when I posted American Moon on his blog.

      He is a MOREON Killer

      • DB says:

        However, he was completely ignorant of David Martin’s work. A commenter had to point it out to him. If someone is unaware of Martin’s work, then it’s impossible to have a good understanding of COVID.

    • Fast Eddy says:

      It would suck to be an injected MOREON and read that.

      Except that an injected MOREON is a MOREON — why else would anyone inject experimental garbage?

      So a MOREON is incapable of understanding the implications of what Igor writes… their only concern is with booking their next booster appointment… cuz they are MOREONS.

      It’s a circular thing

      Right norm?

      BTW – where is mike? Feb is the big booster month … and it’s the end of Feb now… so mike must be boosted… mike?…………. mike??????????????????? MIKE!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  45. CTG says:

    FE was singing the IDES OF MARCH tune for a few weeks now. Even at that point of time, I felt that March is going to be interesting but I never knew that it is going to be that interesting. I might be served with a mushroom cloud but right now, it seems that the financial-equivalent of mushroom cloud is now being detonated.

    Pozsar Warns Of Another “Lehman Weekend” As Russia Sanctions May Trigger Central Bank Liquidity Flood

    Stopping SWIFT (several banks only – to be seen if Russia decides to get out totally) and Russian Central Bank from working with others is a declaration of war.

    EU Provides $500 Million To Buy Arms For Ukraine; Turkey Readies Closure Of Straits To Russian Navy

    Why would still supply fossil fuel to EU?

    Russia has plenty of cards in its sleeves. I am neither a Russian or Western apologist because all these does not matter to me in the down hill slope of Seneca cliff. The news can be half truth. It does not matter.

    The Ides of March…

    • Jason Carter says:

      There will be no nukes going off. There will be surrender within a week. No money or arms will be allowed into the Ukraine, all this “support” is B.S.. Russia has no plans for world domination. In 2 weeks the media will move on to the next ratings grabbing crisis.

      • davidinamonthorayearoradecade says:

        you mean it’s not one second to midnight?

        surrender would be the simple logical way to end the suffering.

        ergo I doubt that Zelensky will surrender.

      • Fast Eddy says:

        Ya we should be back to the old BAU that we knew in 2019 … (sarc)

        When it hits.. some people are gonna go into a state of shock…. it will be like forgetting to look both ways when crossing the road…

    • The financial system is certainly a worry.

      • Student says:

        After these considerations and after Gail’s comment, I wonder if this is a good excuse to reach the apex and make the financial system crash blaming Russia.
        In that way the objective will be reached without indicating the real responsible of that.

    • Fast Eddy says:

      Hmmm.. if that Devil Covid doesn’t come soon … it’s going to be Ripping of Faces…

      I suspect the Elders are Very Disappointed with Fauci… they were expecting Devil Covid by now.. they are desperately trying to hold BAU together — they’ve got energy prices running out of control… many countries running with blackouts… the China property mega disaster … supply chains choking (was at the hardware store today – lots of problems with lots of products they tell me)…

      We could wake up one morning .. and it’s all gone to pieces… it’s that bad now.

      Are ya’ll ready to Rip Some Faces? I actually prefer to keep it impersonal … high powered rifles are the most fun

      • rufustiresias999 says:

        I watched a documentary about the Wagner group. Those mercenaries can be a bunch of fierce psychotic nasty guys. They showed on blurred pictures what they can do when they are ordered to torture, assassinate, or terrorise. I guess what it will be when everything collapses and this kind of beasts get loose. So yes I wish there were a CEP. I don’t even believe there is one, it would require too much insight, outlook, courage, dedication …. and compassion.

    • Russian warship sails into the Bosphorus from the Black sea

      Turkey says ‘you can’t come through here’

      Russian boat replies: ”up yours”

      Turkey sinks Russian ship.

      Istanbul gets vapourised.

      (just pointing out the obvious here)

  46. Look how Brent & dub prices have diverged ( — is the EU in a good position to try to sanction Russia?

    • I don’t think that the EU is in a good position to sanction Russia. No matter who does the sanctioning, the world economic system will be badly disrupted.

      • Jamie Arnott says:

        Excellent articles you write Gail and I just had to comment. I’ve been reading them since the early 2011s when I discovered. I appreciate your analytical and factual assessment about energy and the economy. That’s why I’m please that the country I live in discovered and utilized first electromagnetic induction at scale for Wind in the North sea. Indeed UK has the world’s largest offshore renewable energy and planning consent to consolidate this until at least mid 2030s. The recent spate of storms has been generating 50-75% electricity demand. What’s more UK has the world’s largest electrolyser plant for “green” hydrogen energy storage. Lastly on your brilliant latest report, I hope your valid points written are wrong, no offence intended. Looks like we’ll get the results of a green energy industrial energy revolution with renewables and hydrogen. An experiment, is it possible to create a hydrogen renewable energy economy? My country UK is trying to set an example on how can a country actually build a real net zero economy. Only time will tell but I have great optimism 😉

        • I am afraid I am not optimistic about a green industrial revolution with renewables and hydrogen. We may possibly see an “efficient” part of the world economy go on without the less efficient services sector of the economy and perhaps without other overhead to the system. But I expect that renewables and hydrogen will not provide adequate value for the big investment required.

        • Ed says:

          Please tell me how many joules per year come from wind and how many come from green hydrogen and how many total joules are consumed per year?

        • Ed says:

          I see total energy UK at 1.4E12 kwhr per year
          I see wind at 7.6E7 kwhr per year or 0.0054 percent just another factor of 200 to go. How much is built each year?

          How many wind turbine do you have now? How many after the 200x build up? How many need fixing each year? How many people are employed in fixing? I would say at your current rate it will be 1000 years until you have a built out system if none of them fail in the 1000 years. Please show your calculations.

          • Ed says:

            ooppss the percent number is correct but the factor should be 18000. So for each wind turbine you have just built 18000 more. So make that 10,000 years.

        • Ed says:

          Jamie planning to consolidate does that mean building 18000 more for each existing turbine?

          At the beginning of 2020 UK had 11,000 turbines. You just need 200 million to produce your energy from wind. Are there planning documents that show where the 200 million turbine will be placed?

        • Ed says:

          Jamie looks like 7E3 kwhr per turbine per year and 1.4E12kwhr per year needed. Ratio 200 million. Please show your math do you agree with my numbers? How many turbines will be installed this year 2022?

          • Ed says:

            One 1GW nuclear plant produces 9E9 kwhr per year or the same as 1.3 million turbines.

            So you can build 150 nuclear plants or 200 million turbines. Please show the UK planned builds per year for either. No plan? Hummm I can not go on faith alone.

            I get about 3 million euros per turbine so for 200 million we need 600 trillion euros. Is UK budgeting for say 30 trillion euros per year for the next 20 years? The GDP or UK is 2 trillion. Will the UK borrow 28 trillion per year for the next 20 years?????? From who??????

Comments are closed.