Why raising interest rates to reduce inflation may work out very badly

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Are we headed for very high energy prices? Or, are we headed for a financial system that starts falling apart? The whole economic system may change remarkably. For example, what many people thought was money, or a promised pension plan, may not really be there when the time comes to get value from it. Shelves in stores may be empty when it comes time to make a purchase.

Most people do not understand that the world economy is a physics-based system, powered by energy. If the energy is suddenly much less available, there will be a huge problem. The world economy has been powered by a rapidly growing supply of energy for over 200 years.

Figure 1. World energy consumption by fuel based on Vaclav Smil’s estimates from Energy Transitions: History, Requirements and Prospects (Appendix) together with data from BP’s 2011 Statistical Review of World Energy for 1965 and subsequent. Wind and solar are included in Biofuels.

My concern is that the current attempt to bring inflation down will lead to falling energy supply and a world economy that is rapidly changing for the worse.

Figure 2. Energy amounts for 2010 and prior equal to those in Figure 1, with a corresponding amount for 2020. Future energy for 2030, 2040 and 2050 are rough estimates based on the observation that the world is now reaching extraction limits for both coal and oil.

Everything I can see says that world leaders are not able to face the possibility that the world is already running seriously short of oil and coal. Future supplies are likely to be much lower, and much more expensive, if they are available at all. Other energy types (including natural gas, nuclear, hydroelectric, wind and solar) are simply add-ons to a system built using coal and oil.

Current world leaders do not realize that the energy situation is very much like the water level in Lake Mead. Looking at it from the top, there still seems to be water there but, in fact, the required depth is lacking. Water for watering crops will soon be exhausted. The world’s energy supply is not a whole lot different. The supposedly proven reserves do not tell us anything at all. It is the amount of fossil fuels that can be affordably extracted that is important. We have already exceeded the amount that can be affordably extracted. If central banks cut back future energy supplies using higher interest rates, we can expect to encounter major problems going forward.

In this post, I will try to explain some of the issues involved.

[1] The amount of energy the economy requires depends very much on population. The greater the world population, the more oil is needed for food production and transportation. Non-oil energy is a bit more flexible in quantity than oil, but the total quantity of energy per capita needs to keep rising to prevent very adverse outcomes.

Figure 3. World per capita energy consumption by source, with the 1950-1980 period of rapid growth highlighted. Amounts are equal to those used in Figure 1, divided by population estimates by Angus Maddison.

Figure 3 highlights the fact that the period of Rapid Energy Growth between 1950 and 1980 was a period of unprecedented growth in per capita energy consumption. This was a period when many families could afford their own car for the first time. There were enough employment opportunities that, quite often, both spouses could hold down paying jobs outside the home. It was the growing supply of inexpensive fossil fuels that made these jobs available.

If a person looks closely, it is possible to see that the 1920 to 1940 period was a period of very low growth in energy consumption, relative to population. This was also the period of the Great Depression and the period leading up to World War II. Sluggish energy consumption growth at that time was linked to very undesirable socioeconomic outcomes.

Energy is like food for the economy. If energy of the right kinds is cheaply available, it is possible to build new roads, pipelines and electricity transmission lines. World trade grows. If available energy is inadequate, major wars tend to break out and standards of living are likely to fall. We now seem to be approaching a time of too little energy, relative to population.

[2] Recently published data through 2021 indicates that energy consumption growth is not keeping up with population growth, similar to the situation of the 1930s. This says that the economy is doing poorly. Supply lines are broken; most jobs don’t pay well; many goods that normally would be available aren’t available.

Figure 4. World energy consumption per capita, based on information published in BP’s 2022 Statistical Review of World Energy.

Figure 4 shows that the year with the highest per capita energy consumption was 2018. This agrees with other information such as automobile sales.

Figure 5. Auto sales by country, based on data of vda.de

For example, the number of automobiles sold seems to have peaked back in the 2018 period. China and India are both reporting fewer automobile sales recently. The economy was already sliding into recession in 2019. The 2020 shutdowns hid the very poor condition the world economy was already in. If people were forced to remain in their homes, they could not take to the streets to protest their poor wages and pension plans. The shutdowns helped give the impression the world economy was doing better than it really was.

Figure 4 shows that even with the bounce back in 2021, total energy consumption per capita is still below the 2018 and 2019 values. This contrasts with the situation that occurred after the 2008-2009 Great Recession. By 2010, per capita energy consumption was back above the 2007 and 2008 values.

[3] We can look back and see how rising interest rates were used to slow the world economy in the 2004 to 2006 period, and how different the economic situation was then compared to now. Even with the rapid growth the economy was making at the time of the interest rates increases, the result was still a deep recession in 2008-2009.

Figure 6. Figure similar to Figure 4 showing world energy consumption per capita, except that notation has been added with respect to the timing of increases in US Federal Reserve Target Interest Rates.

It is clear from Figure 4 and Figure 6 that between 2001 and 2007, the quantity of energy consumed per capita was rising rapidly. This was the period shortly after China was added to the World Trade Organization. Manufacturing was rapidly being moved to China. China’s demand for energy products of all kinds was rising rapidly. As a result of this greater demand, oil prices were increasing between 2001 and 2007. To try to reduce inflation, the Federal Reserve raised target interest rates in the 2004 to 2006 period and gradually brought them down, starting in late 2007.

There are two things that are striking about this earlier situation:

  1. The world economy (as shown by rising energy supply) was growing much more rapidly during the 2001 to 2007 period than it is in 2022. All the world economy is trying to do now is get back to where it was before the 2020 shutdowns, in terms of energy consumption per capita.
  2. Eventually, there was a bad reaction to the higher interest rates of 2004 to 2006, but this did not come until 2008-2009. This was a much longer lag than most people would expect.

Now, in 2022, we cannot get energy consumption per capita up to the 2018 and 2019 levels. There are many unfinished automobiles, waiting for missing parts. Appliances of many kinds are not available without a long wait. Fertilizer is often not available. Broken supply lines leave many store shelves empty. It is not that demand is unusually high; it is the supply of the energy products we need to grow food and to transport many finished goods that is not available.

Raising interest rates is a way to reduce the demand for finished goods and services, such as automobiles and appliances, if the world economy is growing very rapidly, as it was back in the 2001 to 2007 period. If the problem is an inadequate supply of finished goods and services (due to broken supply lines and low wages for workers), then raising interest rates is entirely the wrong medicine. It will cause even fewer automobiles and appliances to be made. It will cause many current workers to be laid off. Such an approach, when the world is trying to deal with too few workers, will tend to make the situation worse, rather than better.

[4] The trend in fossil fuel supplies is concerning. Both oil and coal are past peak, on a per capita basis. World coal supply has been lagging population growth since at least 2011. While natural gas production is rising, the price tends to be high and the cost of transport is very high.

Most energy charts are similar to Figure 7, showing energy consumption on a total product supplied basis, without reference to the size of the population using those resources.

Figure 7. Total quantity of oil, coal and natural gas supplied based on information published in BP’s 2022 Statistical Review of World Energy.

Figure 7 indicates that coal supplies are, in some sense, the most troubled of the three types of fossil fuels. In the 2001 to 2007 period, China was able to ramp up its manufacturing using coal, but eventually those supplies ran short. In fact, coal supplies around the world started running short. Instead of telling us about the shortfall in production, we started hearing a story that sounds a lot like The Fox and the Grapes of Aesop’s Fables: Coal is a horribly polluting fuel which we don’t really want anyhow.

To understand how these quantities correspond to the world’s rising population, it is helpful to look at consumption divided by population, shown in Figure 8.

Figure 8. Oil, coal and natural gas energy consumption per capita, based on data in BP’s 2022 Statistical Review of World Energy.

Figure 8 shows that oil consumption per capita was relatively stable up until 2019. Then, it suddenly dropped in 2020, and it has not been able to fully recover from that drop in 2021. In fact, we know that as oil production has tried to increase in 2022, its price has risen further. Of the years shown, 2004 was the year with the highest oil consumption per capita. That was back at the time that “conventional” oil production peaked.

Figure 8 shows that the peak production of coal, relative to world population, was in the year 2011. Now, in 2022, the least expensive coal to extract has been depleted. World coal consumption has fallen far behind population growth. The big drop-off in coal availability means that countries are increasingly looking to natural gas as a flexible source of electricity generation. But natural gas has many other uses, including its use in making fertilizer and as a feedstock for many herbicides, pesticides, and insecticides. The result is that there is more demand for natural gas than can easily be supplied.

[5] Governments and academic institutions have gone out of their way to avoid telling the world how important energy of the right types and in the right quantities is to the economy.

Politicians cannot admit that the world economy cannot get along without the right quantities of energy that match the needs of today’s infrastructure. At most, a small amount of substitution is possible, if all the necessary transition steps are taken. Each transition step requires energy of various kinds. For example, a small amount of intermittent wind can be added to the fossil-fuel generated electricity supply, if care is taken to ramp up fossil-fuel generated electricity to offset the lack of wind when there is a shortfall in supply. Otherwise, battery or other storage is needed for the wind energy until the wind energy is truly needed by the system.

Thus, most people today are convinced that the economy doesn’t need energy. They believe that the world’s biggest problem is climate change. They tend to cheer when they hear that fossil fuel supplies are being shut down. Of course, without energy of the right kinds, jobs disappear. The total quantity of goods and services produced tends to fall very steeply. In this situation, there is likely not enough food for all the people in the world. War is likely to break out over limited resources.

[6] Once the economy starts heading downward, it is not clear that the economy can ever “catch itself” and start back on an upward path again, even for a short while.

Back in 2001, the World Economy was able to get a “bail out” from China’s rapid growth in coal production, but as we have seen, world coal production is no longer growing as fast as population.

Back in about 2010 and 2011, growth in US crude oil from shale formations was able to temporarily bail out world oil supply, but now this is also failing. Also, even the recent “growth” shown is to a significant extent from the completion of “drilled but uncompleted” wells started earlier. Eventually, there are no more “DUCs” to complete.

Figure 9. EIA chart showing US Field Production of Crude Oil through June 24, 2022.

In fact, despite all of the supposed high reserves of many kinds around the world, there is little evidence that the Middle East, or anywhere else, can actually raise production much higher.

Once the economy starts shrinking, debt defaults are likely to become a big problem. Banks will find their balance sheets impaired. They may be forced to close. Citizens with deposits may find that only part of their balance is available to spend.

Government programs will necessarily be forced to cut back to match the energy supplies that are available. For example, if road paving material is not available, roads cannot be repaved. If fuel cannot be found for school buses, students may need to learn at home.

Governments at all levels have promised pension plans. In fact, many employers have promised pension plans. Without a growing supply to cheap-to-produce energy, these promises are meaningless. Somehow, governments will find it necessary to cut back on their promises. Perhaps, Social Security and Medicare programs will be handed back to US States to fund, to the extent that the states have funds for these programs. Governments around the world can expect to face similar problems.

With less energy supply available, the whole world economy that we know today seems likely to start falling apart. Fewer goods will be available through international trade. It is cheap energy that has allowed today’s economy to function. Once this cheap energy is depleted, the world economy will need to shrink back in many ways, at once.

We don’t really know precisely what lies ahead, and perhaps, this lack of knowledge is for the best. We cannot even imagine a world economy changing rapidly for the worse.

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.
This entry was posted in Energy policy, Financial Implications, News Related Post and tagged , . Bookmark the permalink.

3,945 Responses to Why raising interest rates to reduce inflation may work out very badly

  1. CTG says:

    “We Decided To Stop Paying”: China’s Mortgage Payment Boycott Spreads As Property Suppliers Refuse To Pay Their Bills

    https://www.zerohedge.com/markets/we-decided-stop-paying-all-loans-chinas-mortgage-payment-boycott-spreads-property-suppliers#comment-stream

    Someone has posted this before. This is really huge especially for China where real estate is a huge percentage of GDP.

    Seriously, other than Japan and EU, we now have China as a contender of collapse.

  2. Mirror on the wall says:

    xx

  3. Fast Eddy says:

    Some replies by email:

    “Interesting where some of the highest temperatures were recorded today: RAF Northolt, RAF Coningsby, Heathrow, Charlwood (village right next to Gatwick runway).”
    “East Hertfordshire. Max 34.5C. My phone app informed that the local temperature went up to 39C but that was clearly not the case.”
    “Letchworth Garden City, Herts. Forecast high of 39C. Actual reading: Peaked at 35.6C.”
    “London Hampstead. Max 39 at 3pm. Forecast 41.”
    “Temp peaked in Sidcup, Kent at 34.6c at around 430pm.”
    “Daventry again, 39 forecast, dropped to 37 forecast mid morning, highest temperature touched was 36.”
    “Telford Max 30 degrees centigrade (Met Office forecast 35).”
    “Stevenage high 39.5 3pm. This was as predicted.”
    “Northampton. Met office forecast max at 1500 of 102F (38.9), my reading at 1500 96.6F (35.9C).”
    “Bolton on outside thermometer on shaded wall at 1.0pm 34.5C, now at 3.30pm 32C. Strong wind has sprung up and dissipating the heat. Met Office forecast 37C.”
    “Temperature 39 degrees in the shade in West Suffolk at 2pm.”
    “Teddington, Middlesex, 35.5C actual – 1pm. Forecast, 41C.”
    “Tiptree, Essex. BBC forecast 37 currently. Reality is 30.7. 12.33 Tuesday.”
    “Bedford. Forecast: 39 C. My mid-day reading: 34.”
    “In Owslebury, Hampshire, 12:30, it’s 28 degrees according to wall thermometer. Unremarkable.”
    “Here in Buckingham it’s currently [noon] 34degrees and even the BBC is forecasting that it won’t get above 36 degrees. We managed 38 degrees yesterday, according to the temp gauge on my car.”
    “34.8 in Stroud. 12:20. Temperature taken in the shade.”
    “Here in Norwich 11am 35C by calibrated thermometer – forecast was for 38C.”
    “In cloudy Plymouth Devon at 10.45am the outside temperature is 25.5C, it’s raining (so I don’t have to water the garden), there’s thunder an lightning and we about to get hit by the mother of all storms by the look of the sky.”

    https://dailysceptic.org/2022/07/19/will-it-really-hit-43c-today-send-your-thermometer-readings-and-lets-find-out/

    • Mirror on the wall says:

      My basic objection to you – and some others who habituate this comment section – is that you lack all natural feeling, and that some second-hand ‘insight’ is supposed to ‘justify’ who you are. Do not try to put that on me.

      • CTG says:

        sigh… why do we have people who acts like children and wants to be treated like one?

        I think I have shrunk down “the number of people who are truly aware and conscious” to just a handful.

        Mirror,

        1. Do you actually believe everything you hear/see?
        2. Do you have the ability to tune out?
        3. Do you have the ability to put something in the back of the mind and then decide if it is true later on?

        Regarding temperature in UK

        1. What if they falsify the temperature?
        2. What if this website is spewing garbage?

        Either one of the above is right. Neither answer surprises me. What I learned – we are now at the end game and everyone is trying to get to the top most end of the listing Titanic. Everyone will kick the people below you. This is what is happening now.

        I never believe in coddling or shutting people out just because of some garbage. Have you heard before “diamond in the rough”?

        How many times do we have to go through this? If you don’t like it here, just leave.

        • Mirror on the wall says:

          “diamond in the rough”

          …. wait and see what we are going to do to you – for having such a big mouth?

          Have you been paying to how society ‘works’?

          • CTG says:

            …. wait and see what we are going to do to you – for having such a big mouth?

            Email me and I can send you my physical address.. Email me at chngtg at gmail dot com

        • Herbie Ficklestein says:

          Sure, those fires may have been staged too. Just like the Moon Landings! Yes Sir, it’s all just fake…the Matrix is all powerful.
          Suppose, like so done pointed out, many here are long in the tooth and most comfortable being insulated in our compartments. It is easy to disagree to disagree.
          All in good exchange. One must remember our little circle here is inconsequential for the most part…
          So, I just shrug it off and what Professor Dr Guy McPherson always reminds…All is Love that remains..
          👍? Gail always stresses us all to be mindful of our relationships.
          Thank you for keeping us here to what that really reflects who we are…

          • Fast Eddy says:

            Please follow the rules – maybe that’s fake – but what would be the purpose?

            Logic is an interesting phenomenon — you should try it

            https://cdn-image.travelandleisure.com/sites/default/files/styles/1600×1000/public/leo0415-resort.jpg

          • Fast Eddy says:

            See the video

            CNN director on the pivot to climate activism

            you think you have finally achieved a level of cynicism commensurate to the modern media age.

            but then you see something like this from a CNN director.

            “climate change is going to be the next covid thing for CNN …climate change overload. be prepared, it’s coming.”

            and keep in mind that this is just what they were actually willing to say out loud.

            this is not news, it’s agenda.

            hey, is it still paranoia if they really are plotting against you?

            (asking for several million viewers…)

            https://boriquagato.substack.com/p/cnn-director-on-the-pivot-to-climate

            Tell us more about the horrifying brush fires! OMG — we’re burning up — remember when we had a few extra hurricanes some years back — OMG the world is ending … then we had fewer hurricanes the following years…

            MOREONS are MOREONS – they can be run around by their noses like barnyard animals by a bit of simple PR … cuz they are barnyard animals

            hahahahahahahahahaha

            DUH

      • Fast Eddy says:

        Don’t shoot the messenger hahaha

        I do have feelings … Hoolio is like my son — I feel pride — did you know he can outrun Bolt? It is truly a sight to behold my fair Hoolio! He’s on the floor here now chewing his squeak toy…

        Otherwise I try to put myself in the shoes of the Elders — what do they think – what would they do?

        UEP is the product of my walking a few miles in their shoes

        • Mirror on the wall says:

          Wait and see ‘fast eddy’…. I actually am British, I am not some sheep herder at the other end of the world…. this is not even about me, but if you EVER set foot on Britain then we are going to be waiting for you…. try it and see how your mouth works out for you…. hahahahha… wait and see….

          • davidinamonthorayearoradecade says:

            have you had a lot of “drinks” to cool down from the heat?

            • Mirror on the wall says:

              No one even cares about the ‘West’. It is all going down, and you have no one to blame but yourselves?

              When it is all gone, we will have it out?

            • davidinamonthorayearoradecade says:

              the bully USA seems to have a boot on the neck of Europe.

              Davos Men also are sckrewing all of Europe.

              sure the West is in inevitable irreversible decline.

              but it’s kinda fun that Europe is swirling much closer to the drain.

              I Stand With Putin.

            • Mirror on the wall says:

              Wait and see who I “stand with”…. It is only a matter of time, David….

              I have nothing to gain from ‘playing’ here.

              The sooner that I “lose” here, the sooner that I win….

            • Kowalainen says:

              “I have nothing to gain from ‘playing’ here.

              The sooner that I “lose” here, the sooner that I win….”

              Then what is there to “lose” if there is no “game” worthy of playing?

          • Adonis says:

            My goodness take it easy old boy fast Eddie is one of us that’s all we need to know so freedom of speech is a basic right on this forum..

          • Fast Eddy says:

            You ever tried it with a sheep? Don’t knock it…

    • Mirror on the wall says:

      Let me tell you ‘fast eddy’, I know who you are better then you do, a piece of sh/t, and if you want to fight with me, then you are dead already. If you cannot understand anything else, then understand that. You will be held to account for everything that you have mouthed off…. wait and see.

      • Fast Eddy says:

        I’ll have you know I am a crack shot … so if it’s a dual you are intending to propose…

        And if it’s a wild west gun fight you have in mind … I spend 2-3 hours per day practicing my quick draw….

        Perhaps a cage match… my rib is still a bit tender so you might have a chance… but I’ve got 50mg Voltaren now so I like’s my chances.

        I assume your challenge would not involved anything requiring cognitive abilities? We both know how that would end…

        • banned says:

          When you practice your quick draw two or three hours a day is it in front of a mirror and do you say “you talking to me?” before you draw?

      • eKnock says:

        Hey Mirror! You go dude! You tell that Fast Eddie how it really is. Whoa!!
        “piece of sh/t” Whoa!! way to go!!
        Really, Man or Mam you need a little good stuff to settle your nerves. We’re just trying to have a little fun watching the zombieappocalypse come on in. Just get yourself some coping pharmacology to smoke or snort or drink and enjoy the show. I want to help you brother (or sister).
        It’ll be ok. Species come and species go. Planets come and planets go. Stars come and stars go. It’s been going on for ever. We are in a finite world. But we are also in an infinite Universe.
        Check out the new photos from the Webb Telescope. Billions of galaxies!!!
        This Earth business is small potatoes.
        Enjoy it while it lasts.

        • fromoasa says:

          See how the Mirror Lady starts affectionately and says Kiss Kiss (xx) then Diss Diss! I am thinking she is borderline personality like Amber Heard. Yes, Amber Mirror and Fast Depp!

      • banned says:

        Im guessing 30 day interval on her episodes
        Everyone knows how this works
        Nothing to see here

      • CTG says:

        I think the heat in UK is very damaging to the thought processing.

  4. Fast Eddy says:

    https://dailysceptic.org/wp-content/uploads/2022/07/UAH_LT_1979_thru_June_2022_v61-720×415-1.jpg

    As we know .. Leo and Al are stitching everyone up to buy seaside assets on the cheap …

    Leo paid only 1.8 for this island .. apparently the ask of 5M was not happening because of the fear of oceans rising … the owner was starting to believe is was going to be worthless so in desperation he took Leo’s lowball offer

    https://cdn-image.travelandleisure.com/sites/default/files/styles/1600×1000/public/leo0415-resort.jpg

  5. Fast Eddy says:

    Funny … kinda like covid infections … they just make shit up hahahaha

    https://dailysceptic.org/2022/07/19/will-it-really-hit-43c-today-send-your-thermometer-readings-and-lets-find-out/

  6. Fast Eddy says:

    This is fascinating – front page headline:

    https://www.stuff.co.nz/

    health
    The leading cause of liver cancer is not what you think
    You’d be forgiven for thinking alcohol was the main driver for liver cancer, but another illness is the culprit.

    https://interactives.stuff.co.nz/2022/the-whole-truth-te-maramatanga/#/

    I suppose there must be data indicating the injections damage the liver circulating in NZ (which is true)

    • Rodster says:

      Dr. Pierre Kory said in a recent interview that the mRNA vaccines can cause multiple types of cancer which includes the liver and kidneys.

      • Fast Eddy says:

        Shall we assume there’s gonna be a whole lot of those cancers in NZ .. and they are getting ahead of the curve

        • Rodster says:

          According to Kory, yes, it’s quite possible. These vaccines and booster shots appear to be a ticking time bomb and that’s coming from those experts in the field.

  7. Jef Jelten says:

    My latest theory;

    I believe that TPTB don’t give a flying Phuck about resource limits, Climate change, biodiversity loss, global ubiquitous toxic poisons ramping up chronic disease exponentially, financial collapse….any of it.

    They are pretty much by definition very old and have had a good run. Hell they have walked the planet as gods, tasted all of the fruits, pleasured themselves in ways we common folk can’t even imagine. If it all goes down now ….well so what?

    I have seen how it could have been and it makes me sick to watch what is happening.

  8. Herbie Ficklestein says:

    ConocoPhillips CEO Warns of Oil Supply Shortages, Price Volatility
    Hart Energy Staff
    Wed, July 20, 2022 at 12:05 PM
    ConocoPhillips Co.’s CEO on July 19 warned of looming crude oil shortages and price volatility, citing limited spare capacity among OPEC and slow U.S. output gains ahead.

    Ryan Lance, head of the largest U.S. independent oil producer, offered a dour outlook on future supply in remarks to members of the Houston Producers Forum. His comments came days after U.S. President Joe Biden returned from Saudi Arabia without success in securing an agreement for the OPEC+ group to boost production.

    “Ultimately, demand will go back to pre-pandemic levels,” Lance said while cautioning about OPEC’s lack of additional capacity and a U.S. production plateau. “There is a supply crunch coming.”

    The United Arab Emirates and Saudi Arabia could add 1 million or 2 million bbl/d over time, but “the rest of the OPEC+ [alliance] is struggling,” including Nigeria, Angola and Libya, he said.

    U.S. oil production, which soared by 4 million bbl/d in the three years ended December 2019, is expanding more slowly. “The U.S. will grow shy of a million barrels a day this year … and we’ll probably grow close to another million barrels next year. But we start to kind of plateau,” he added.

    Oil demand ultimately will exceed pre-pandemic levels and peak demand is probably another 10 to 20 years out, he said. Concerns about recession will lead to further market volatility, Lance added.

    “If you are going to be in the business, be prepared for a lot of volatility,” he told the energy audience. “It’s going to go up and it’s going to go down, but not necessarily in that order.”

    Supply crunch coming…oh, and I thought the price doubled for no reason…

    • davidinamonthorayearoradecade says:

      “… peak demand is probably another 10 to 20 years out, he said.”

      well that blows his credibility.

    • Fast Eddy says:

      This is the same thing as why scientists who discover the Covid Vaccines are dangerous always say but they are safe and effective…. no choice

      Oil demand ultimately will exceed pre-pandemic levels and peak demand is probably another 10 to 20 years out, he said. Concerns about recession will lead to further market volatility, Lance added.

  9. Herbie Ficklestein says:

    What goes around, comes around..

    GOBankingRates
    Food Prices and Security Hit by ‘Heatflation’ as Summer Heat Wave Ravages Crops Worldwide
    Josephine Nesbit
    Wed, July 20, 2022 at 1:15 PM
    Record-breaking heat waves across the globe are destroying crops, pushing up food prices and putting the food systems of many nations at risk.

    In Europe, water and heat stress has pushed down crop yields, and in June, the already negative forecast released by the Publications Office of the EU was slightly reduced for the third consecutive month, reported Food Ingredients First. Increases in grain prices are largely attributed to trade disruptions caused by the Russia-Ukraine war. Fertilizer shortages and weak harvests have contributed to rising prices, as well.

    “Just three crops — wheat, maize and rice — make up nearly half of the world’s food supply. All are vulnerable to extreme weather conditions like drought and heat. Without some help, many of our most beloved foods will not be able to withstand climate change, which is already leading to crop failures, rising food prices and surges in hunger and malnutrition worldwide,” said Stefan Schmitz, executive director of Crop Trust.

    The June consumer price indexes (CPI) in the U.S. increased 9.1% over the last 12 months, with food being among the top contributors to inflation. The food index increased 1% percent in June following a 1.2% increase in May. Inflation has been climbing at its highest rate in 40 years, and lower crop yields caused by summer heat waves can have a big impact on your grocery bill.

    According to a report by researchers at the European Central Bank last year, unusual temperatures can drive inflation. After looking at seasonal temperatures and price indicators in 48 countries, researchers found that hot summers had “by far the largest and longest-lasting impact” on food prices, reported Grist

    • Fast Eddy says:

      The MSM is hell bent on sending out the message that Global Holodomor is imminent … from lack of fertilize to burning food plants… and glimpses of empty shelves…

      We are being prepped – the intent is to show the hordes that there is nothing to be had if you venture out of the Shanghai level lockdowns soon to be imposed … stay home… the vans will come

      And then there are the anti-Covid snipers ready to get you — or the dreaded New and Improved Covid.

      This f789er is being sealed up nice and tight…

      • Herbie Ficklestein says:

        Yes Edwin, I 100% agree with our Gail on this one too…like yourself..
        We are being hit on all sides now…what’s next?

        The extreme heat that cities are experiencing now is caused by a combination of climate change and the urban heat island effect,” Meerow said. “Rapid urban expansion, which means more impervious surfaces like roads and buildings and waste heat from cars and buildings, typically exacerbates the urban heat island effect, which means these cities are even hotter.”

        As the US, like the rest of the world, continues to heat up, the climate crisis should become more of a factor when choosing a place to live, with retirees already starting to shun Arizona, traditionally a favored spot for older transplants, according to Keenan.

        “We are looking at increased premature mortality, even increased diabetes because of dehydration, cardiac impacts and so on,” he said. “Mortgage lenders are starting to look at the risks of lending for somewhere that doesn’t have a water supply, as that’s not a good investment. Capital markets are getting wise to this stuff.

        “We are seeing the limits to growth and housing affordability and the impacts of poor-quality decision making of where and how to build. We are paying the price for all that now.”

        I was looking at retiring in Southern France…now I have to coss that off my list…

  10. MM says:

    A lot of people make claims like CBDC will be based on blockchain.
    Anybody should have figured that a blockchain is not suited well for dynamic data as in millions of transactions per second.
    If you think a Satoshi Sakamoto created some form of money you maybe missed the point that “he” very much “created” a method for very stable distributed storgae of mainly stable data.
    This could go for property ownership or aquired education and stuff like that. In a broader sense the topic goes in the direction of a digital identity.

    If you have this a lot of other apps can be plugged into such a system.
    We have a free market you know. Inspiring new innovations!
    Healthcare, banking, internet security, energy and food rationing or carbon footprint.

    • Ed says:

      +++++++++

    • Fast Eddy says:

      I like how they say they are mining Bitcoin …

    • Going down the digital identity system starts sounding a lot like China.

      In fact, the credit rating bureaus come up with something similar for US citizens. Insurance companies sometimes have used these credit scores in rating policies for auto insurance and homeowners coverage, because there seemed to be a positive correlation between high credit scores and better claim experience.

      I am not sure where the situation stands today. Some states have objected to this practice.

      • Rodster says:

        I never understood the purpose of the insurance credit score rating. To me it always seemed to be a way to charge more for insurance. For the last 25 years I had a pretty crappy credit score and in those 25 yrs I had no traffic tickets. I was involved in 2 accidents and both were the fault of the other drivers as they hit me.

    • Booster doses look especially harmful.

      • Fast Eddy says:

        norm found out the hard way … what’s the UK on 4 … or is it 5 now for the oldies?

        norm … hello norm… are you with us? where do we send flowers?

        It’s actually not funny – even if norm is just on a multi day bender down behind the dumpster with Super Snatch SINdy… at some point he’s gonna depart OFW with a vax injury or VAIDS…

        He is in a most precarious situation …

  11. Fast Eddy says:

    A high-impact peer-reviewed scientific paper was just brought to my attention. It has been accepted for publication but has not made it into the print version of the journal yet. It was posted ‘online ahead of print’ back on April 5th, but I had not seen it until today. The paper is entitled “SARS-CoV-2 Naturally Acquired Immunity vs. Vaccine-induced Immunity, Reinfections versus Breakthrough Infections: a Retrospective Cohort Study”. It is being published in the journal Clinical Infectious Diseases, which has an impressive impact factor of 20.999. For a layperson, this means it is one of the top medical journals in the world.

    Here is the take-home message as concluded by the authors in the discussion section of the paper:

    “Our analysis demonstrates that SARS-CoV-2-naïve vaccinees had a 13.06-fold increased risk for breakthrough infection with the Delta variant compared to those previously infected, when the first event (infection or vaccination) occurred during January and February of 2021. The increased risk was significant for a symptomatic disease as well.”

    https://viralimmunologist.substack.com/p/pfizers-covid-19-mrna-product-increases

  12. Xabier says:

    There’s an interesting discussion under Naomi Wolf’s latest Substack piece. Mike Yeadon quite a few times, and lots of intelligent comments covering a wide spectrum of views.

    It’s notable that the huge, immovable, ‘elephant in the room’ still escapes observation by everyone – energy.

    Some get close, in that they can understand that current arrangements can’t continue and the owners urgently need to move to a new system – unviable debt, etc, the service economy dead in the water – but the relationship of ample, cheap, energy to the historic growth of these debt systems isn’t mentioned.

    If only they could grasp that, the answer to the question ‘Why bio-tech dictatorship and genocide now?’ would be obvious.

    On a personal and ludicrous note, my attempts to fatten up ahead of the planned Holodomor have been defeated: I’ve sweated it all away in Bonfire Britain…….

  13. Truman’s reluctance to nuke china back in 1950 is now bearing fruit.

    Destroying the People’s Republic of China back then would have gained half a century.

    • ivanislav says:

      But then where would we move our manufacturing base and who would make our electronics for cheap?

      • Plenty other places, like Dutch East Indies (which would not have existed if USA did not act stupid back in 1948 – Sukarno had been pushed to the eastern tip to Java and Holland almost won but then USA threatened to cut it out of the Marshal plan.)

        Eisenhower also refused to nuke Dien BIen Phu and incinerate Vo Nguyen Giap, leading to a greater disaster 10 years later.

    • Oddys says:

      We are all very lucky to have your invaluable information on the proper use of these “NEUKS” or what you call them. We are all much better off now that we know. Thanks.

  14. postkey says:

    “Mechanochemical breakthrough unlocks cheap, safe, powdered hydrogen”?

    https://newatlas.com/energy/mechanochemical-breakthrough-unlocks-cheap-safe-powdered-hydrogen/

    • Rodster says:

      Excerpt: “Australian scientists say they’ve made a “eureka moment” breakthrough in gas separation and storage that “COULD” radically reduce energy use in the petrochemical industry, while making hydrogen much easier and safer to store and transport in a powder.”

      Let us know in the next 20-50 yrs if it’s ready for commercial use. The word “could” is used a lot in that article.

    • Jef Jelten says:

      powdered hydrogen

      I’ll take a bump ;-}

    • The WSJ very recently published an opinion article called, Hydrogen Power Isn’t as Green as It Looks
      The gas can contribute to climate change. It’s prone to leak dangerously and often dirty to produce.

      Hydrogen production today is dirty and energy-intensive. Methods exist that could virtually eliminate the greenhouse-gas emissions, but there’s a more fundamental challenge: Hydrogen itself contributes to climate change when it leaks into the atmosphere.

      New peer-reviewed research by scientists at the Environmental Defense Fund shows that the climate impact even of ostensibly clean hydrogen rests on how much escapes into the atmosphere.

      • JesseJames says:

        OMG hydrogen contributes to climate change….I just realized that EVERYTHING contributes to climate change.
        I wonder when “they” get to the ultimate solution….eliminating people…billions of them. This virus thing is going too slow…

        • CTG says:

          Amendments… climate change is also a useful excuse for hitting myocarditis and blood clots

          Very convenient scapegoat… poor climate change

        • Fast Eddy says:

          YES!

          But don’t tell that to Geeta.

          If one believes there is a problem — then one must eliminate the cause of the problem

          It’s quite simple

          Could that be what Geeta and Al were referring to when they said ‘if we don’t do something?’

          When UEP is in the final stages might world leaders pour onto the MSM and tell their folks — ok people… we all know that there’s a serious problem with ____ ____ing … and we know you are very concerned and have been insisting something be done …

          We know that none of you are willing to take individual action like maybe stop buying new phones every year – or taking a bus to school instead of getting a ride with mummy…

          So we’ve made an executive decision to take the bull by the horns … no more of these faux solutions like recycling and driving EV’s … that’s all huff and puff and as we can see we burn more fossils every year… we are headed in the wrong direction so we decided in 2019 that it was Time to Act.

          We needed decisive – radical – action.

          So what we did was we pretended this coronavirus thing was really bad news — we faked people falling dead on the streets etc etc… because we wanted you folks to inject this stuff that we cooked up for you …. we told you it was gonna save you

          But it’s time to come clean — it was concocted with mass murder in mind … our intention was to wreck your immune systems and at the same time promote the emergence of increasingly contagious and lethal mutation – made more dangers by the fact that ya’ll now have varying degrees of VAIDS.

          Yes VAIDS – that’s AIDS … same thing … but with a V — for vaccine induced.

          We’re really sorry that we’ve had to do this to you but you’ve been demanding someone do something urgently — right Geeta?

          We all realized after this scathing attack on us by young Geeta — this sneering rant demanding immediate action — that we had to do something …

          https://youtu.be/DghK1_FLaZ8

          So it’s done. It’s a done deal. So I guess everyone is happy now right?

          No more half measures… the problem with be Permanently Solved in the next few months.

    • Fast Eddy says:

      Same PR strategy is in play with the jabs… ‘this time this jab will be the one’… but it never is

  15. Herbie Ficklestein says:

    Biden Set to Announce Executive Action on Climate Change
    Wed, July 20, 2022 at 5:31 AM
    President Joe Biden will announce executive action to confront climate change on Wednesday, but will hold off for now on an emergency decree that would allow him to marshal sweeping powers against global warming. Annmarie Hordern reports on Bloomberg Television.

    • Rodster says:

      But the climate has always changed throughout history, even before fossil fuel use. I remember not too long ago when it was called global warming but that changed when some of their conferences were snowed in or parts of the planet experienced unusually cold winters. Of course they found a way to try and prove it was global warming until people began to ask questions. So it was onto climate change as you can always make a case for humans being responsible for a never ending change of the climate.

      • Herbie R Ficklestein says:

        Those folks that died probably thought the same….now they found a way to convince me….

      • banned says:

        Ive said it all along in spite of Norm constantly p****** me off with his BS without him this place is a echo chamber. Not like some. Where is old Dunc now that people are dropping like fies from SADs? HMM. RIP if its so SADs victim Dunc.

      • Mike Roberts says:

        The IPCC was formed in 1988. What do you think the “CC” means? It wasn’t called the IPGW when it was formed.

        Climate has always changed but if you really don’t know what the story is with our current situation, then you really haven’t been doing much reading on the subject.

        • Fast Eddy says:

          Ya Leo makes all these appearances with Al and urges us to stop burning … cuz otherwise his investment will be underwater and worthless soon right?

          Leo is the eternal optimist hahahahahahahahahaahah – the problem is — we generally burn MORE carbon every single year…. so sorry Leo – your f789ed.

          Of course Leo knows this CC thing is a heap of bullsh-it … as does Obama as does Gore — otherwise why buy houses that are soon be be under the waves?

          hahahahaa

          Get real mike .. is there are mass psychosis that you ever saw through.

          https://cdn-image.travelandleisure.com/sites/default/files/styles/1600×1000/public/leo0415-resort.jpg

      • Fast Eddy says:

        When they changed the name you would have thought the MOREONS would have said hang the f789 on ….

        But nope… 1 + 1 now equals 7… no reason to question that

      • Fast Eddy says:

        And similarly they cannot answer why … well at least not with anything that makes sense

        https://cdn-image.travelandleisure.com/sites/default/files/styles/1600×1000/public/leo0415-resort.jpg

      • Fast Eddy says:

        The kkklimy cchange is where new PR people get to work… it’s a soft job … they don’t really have to do anything cuz it’s always changing and we often get hot dry periods…

        They just need to slap the logo on and it’s certified.

        This is the reason they originally called it GW … that was a product of inexperience.

        A more senior person stepped in and showed them how to fix that

    • Student says:

      ‘take you booster, be protected and stay home’

      there might be the lucky chance that you won’t produce any CO2 anymore…

      🙂

      • Kowalainen says:

        Methane for a little while.
        And methane is a greenhouse gas

      • Herbie R Ficklestein says:

        Too bad it does not matter what the cause or reason is…the climate is a changing..better accept the data and hucker down to it and enjoy the show..no solutions with an approaching 8 billion moar people…we added ONE billion moar in like a decade…waiting for FE UEP program he’s been harping about for about a year now to kick in…promises🎇 promises

        • Fast Eddy says:

          The kkklimate was ever static?

          • postkey says:

            ‘Recently’ ‘stable’?

            “03:34 for more than the initial 300 000 years
            03:37 of our species
            03:38 the climate did not allow grains to be
            03:40 grown at a large scale
            03:42 a few thousand years ago for the first
            03:43 time on earth with homo sapiens present
            03:46 the temperature rose as we emerge from
            03:48 the last ice age
            03:49 and then stabilized this latter feature
            03:52 is particularly important
            03:54 because a cool stable planetary
            03:56 temperature provides the ability to grow
            03:58 grains at scale
            . . . this cool
            04:00 stable temperature arose once during the
            04:04 last 2 billion years {the last 12,000 years}
            04:05 of planetary history it also arose once
            04:08 during the 320 000 years or so
            04:10 of our existence as a species . . . “

            • The recent history of the earth is one of going into and coming out of ice ages. There is an argument that human habitation of earth (in particular, its agriculture) has kept the earth from going back into a colder ice age as quickly as normal. Perhaps human habitation has kept the earth habitable for longer than “normal.”

            • f says:

              And we dug up all the carbon and put it back into play … which is good for the vegetation … we’ve done our job now it’s time to go

            • postkey says:

              “There is an argument that human habitation of earth (in particular, its agriculture) has kept the earth from going back into a colder ice age as quickly as normal. ”

              Because ‘they’ produced CO2?

            • Fast Eddy says:

              Your problem begins with being told what to think by the BBC and CNN hahahahahahahahahahahahaahahahahahahahaha

              I don’t expect this will change your mind … any more than showing norm that the vaccines are killing him will stop him from injecting…

              Duh…

              Throughout much of Earth’s geologic history, the global mean temperature was between 8°C and 15°C warmer than it is today with polar areas free of ice. These relatively warm periods were interrupted by cooler periods, referred to as ice ages.

              A decrease in average global temperature of 5°C may be enough start an ice age. The term “ice age” is misleading –– an “ice age” is actually a long period of climatic cooling, during which continents have repeated glaciations (glacial periods) interspersed with interglacial periods.

              During a glacial period, continental ice sheets, polar ice sheets and alpine glaciers are present or expand, sometimes covering as much as 30% of the continental landmasses. During an interglacial period, the climate is warmer and glaciers melt and retreat, and ice may cover less than 10% of Earth’s land surfaces. During an ice age, climate fluctuates between glacial periods lasting tens of thousands of years and shorter interglacial periods.

              Several ice ages have occurred over Earth’s geologic history, and there is evidence of at least five major ice ages over the past 4.6 billion years. The following table shows Earth’s generalized climatic history.

              http://www.ces.fau.edu/nasa/module-3/temperature-trend-changes/past-climates.php

              http://www.ces.fau.edu/nasa/images/module_3/Interglacials-700×244.gif

            • postkey says:

              The BBC and C.N.N..? L.O.L..

              “For climate change, there are many scientific organizations that study the climate. These alphabet soup of organizations include NASA, NOAA, JMA, WMO, NSIDC, IPCC, UK Met Office, and others. Click on the names for links to their climate-related sites. There are also climate research organizations associated with universities. These are all legitimate scientific sources.
              If you have to dismiss all of these scientific organizations to reach your opinion, then you are by definition denying the science. If you have to believe that all of these organizations, and all of the climate scientists around the world, and all of the hundred thousand published research papers, and physics, are all somehow part of a global, multigenerational conspiracy to defraud the people, then you are, again, a denier by definition. 
              So if you deny all the above scientific organizations there are a lot of un-scientific web sites out there that pretend to be science. Many of these are run by lobbyists (e.g.., Climate Depot, run by a libertarian political lobbyist, CFACT), or supported by lobbyists (e.g., JoannaNova, WUWT, both of whom have received funding and otherwise substantial support by lobbying organizations like the Heartland Institute), or are actually paid by lobbyists to write Op-Eds and other blog posts that intentionally misrepresent the science.”
              https://thedakepage.blogspot.co.uk/2016/12/how-to-assess-climate-change.html

            • The idea of pushing climate change as the world’s biggest problem represents denial of what is really the world’s biggest problem: too little energy resources that can be extracted at low enough cost.

              Governments around the world have been funding research based on the premise that there are huge amounts of fossil fuels available to be burned in the future. This is basically nonsense, however. Just because of research came out of a research institution doesn’t mean that the assumptions underlying the research are even half-way correct. Politicians and governments have been trying to deny limits to growth for a long time. All of these bizarre climate models are part of this effort.

            • Fast Eddy says:

              We are fast running out of the stuff that they believe fuels GW….

              Hey cultists… does that disappoint you?

            • Fast Eddy says:

              Can someone make a list of organizations that support injecting babies with the Covid ‘vaccine’

              hahahahahahahahahahahahahahahaha try finding one that doesn’t hahahahahahaha

            • postkey says:

              ‘Some’ may be ‘pushing climate change as ‘the world’s biggest problem’.

              This would be ‘correct’ if this scenario ‘played out’?

              ‘We’ have 4 to 5 years?
              ” . . . destabilization of subsea methane hydrates. This subsea Arctic methane hydrate destabilization will go out of control in 2024 and lead to a catastrophic heatwave by 2026.”
              https://arctic-news.blogspot.com/2021/05/extinction-by-2027.html?fbclid=IwAR3FEKqILrzS_Le1Z4LRmEvqoSRz6p2rBIFjbNmY1NFB_rHeU4RpDT8u2Zg

              Or,
              ‘We’ have ten years?
              “ . . . our best estimate is that the net energy
              33:33 per barrel available for the global
              33:36 economy was about eight percent
              33:38 and that in over the next few years it
              33:42 will go down to zero percent
              33:44 uh best estimate at the moment is that
              33:46 actually the
              33:47 per average barrel of sweet crude
              33:51 uh we had the zero percent around 2022
              33:56 but there are ways and means of
              33:58 extending that so to be on the safe side
              34:00 here on our diagram
              34:02 we say that zero percent is definitely
              34:05 around 2030 . . .
              we
              34:43 need net energy from oil and [if] it goes
              34:46 down to zero
              34:48 uh well we have collapsed not just
              34:50 collapse of the oil industry
              34:52 we have collapsed globally of the global
              34:54 industrial civilization this is what we
              34:56 are looking at at the moment . . . “
              https://www.youtube.com/watch?v=BxinAu8ORxM&feature=emb_logo

              Or, ‘we’ have 16 years?

              “Global peak oil production may have already happened in October of 2018 (Will covid-19 delay peak oil? Table 1). It is likely the decline rate will be 6%, increasing exponentially by +0.015% a year (see post “Giant oil field decline rates and peak oil”). So, after 16 years remaining oil production will be just 10% of what it was at the peak. “
              http://energyskeptic.com/2020/climate-change-dominates-news-coverage-at-expense-of-more-important-existential-issues/

              ” Just because of research came out of a research institution doesn’t mean that the assumptions underlying the research are even half-way correct. ”
              It appears that you are denying the heating effects of CO2 and other gases?

            • I am denying the possibility that we can do anything at all about the situation.

            • Fast Eddy says:

              What I am saying is what this CNN guys says – it’s fake

              https://boriquagato.substack.com/p/cnn-director-on-the-pivot-to-climate

        • Tim Groves says:

          Herbie, it all depends on your definitions of “climate” and of “change”. Really, truly. With a suitable definition, you can argue one way or the other.

          The climate at the back of my garden is different to the climate at the front, because the back is at the edge of a canyon with a steep hillside to the south. And the climate at the top of the hill, 800 meters behind the house and 200 meters higher, is significantly different. The peak gets a lot more sunshine, a lot more wind, and the temperature at noon is around 1.3ºC cooler.

          Of course, we are talking microclimate here. But microclimates are just as real as “macroclimates”. Depending on the topography and vegetation and the amount of concrete and asphalt around, micro-climates in the same area can differ by as much as the climate difference between similar places a thousand km apart to the north or south.

          A lot of what people are calling climate change is actually year to year whether variation and a lot of the rest is cyclical climate variability.

          I’m just trying, here, to introduce a modicum of rational common sense into what long ago became a a highly emotionally charged political football of of subject. I know common sense isn’t appreciated very much in today’s sociopolitical climate, but that’s no excuse for not spreading a little bit of it about.

      • Xabier says:

        I see, Student, that an independent-minded judge in Florence gave a judgement against the vaxx mandates in Italy, likening them to the methods of the 3rd Reich and accepting that they change DNA. Any public reaction? I imagine it will just be suppressed and ignored…..

        • Student says:

          Yes, it can be a good start or she could be suppressed.

          But the good news is that Draghi seems to be about to leave and with him his Minister of Health Mrs. Speranza, who said that judge ignores Science and said also that sentence cannot be accepted (as if he was the one in charge to accept or not a sentence on behalf of all Italians).

          At the moment, anything seems to be better of those cr/m/n@l$

          But any trick can be on the corner, they have already said that if we will vote it will happen only in October.

    • Bobby says:

      Yup, Let a geriatric armed with dementia fight solar max in the name of freedom, while the sun heads towards this cycles natural peek.
      Actually it’s a very sad situation it’s not his fault, not the Suns’ fault, not the Earths’ fault. guess our collective response is in fact our fault

      His enablers, the MSM, Whoever gave him medical clearance and most of all, his wife.
      His words are more hazardous to Americans and the ROTW than a climate crisis.

      I’ve been through a desert on a horse with no name
      It felt good to be out of the rain.
      In the desert ya can’t remember your name,
      Cos there ain’t no one there to give ya no pain

      • Biden is one of the least consequential person on earth now. Hardly anyone takes him, or whoever he is representing, seriously.

        That aside his handlers are at least reasonable. They at least do understand the risk and know nothing can be done. Adventurers like Hillary Clinton or Donald Trump would have made things much worse.

      • Fast Eddy says:

        Theoretically .. if we could spray water onto the sun … we would warm the planet

      • Xabier says:

        ‘Cordoba, Cordoba, so distant, so lonely-

        Full moon, a good black horse, full saddlebags;

        But I’m going to die before I reach Cordoba,

        So distant, so lonely….’

        Lorca.

  16. Bobby says:

    Regional news from New Zealand.

    Long standing Marlborough Mayor and five other long serving councillors from the region are throwing the towel in in the shadow of upcoming local elections. This herald’s a sea change and possible power vacuum at the local level. The national government has been pushing contentious water reforms that would force all local provincial councils in New Zealand to sell their Drinking water plants, distribution networks, stormwater control networks and sewage treatment plants to new government owned and controlled entities. The skilled staff within councils would also be transitioned to the new entities so councils all around the country would also loose their skilled workers as well as local influence on how those regionally owned assets are operated in the future. A major blow to local body elected democracy in the country.

    The retiring mayor along with a significant majority of other local body representatives are completely against the central government moves and has personally encouraged all staff at the Marlborough council to make submissions resisting the reforms. The reforms themselves are known as the contentious three water reforms and have greatly eroded public support for the Labour lead central government of New Zealand, not only because they seek to disenfranchise local councils of their assets, but also stress existing social and racial divides between Māori and other ethic groups within New Zealand, the reforms have additionally created immense resistance from the farming communities of the country who have much to loose if the reforms go ahead.

    https://www.rnz.co.nz/news/national/471261/marlborough-mayor-relaxed-about-retirement-change-is-good

    • Selling off assets like toll roads and parking lots has been popular for a while now. It gives governmental agencies an influx of cash. Of course, there is a risk later that the contractors can’t really make money on the operation, and will walk away. Then the government will need to somehow fix the situation, if it actually can.

      Water is more essential than parking lots and toll roads. If water supply issues cannot fixed, citizens are likely to have a terrible time.

  17. Herbie Ficklestein says:

    Gail already posted this topic and found this web article..some highlights
    Seems solar panels are a scam..along with EV autos to save the BAU

    It’s not just a problem in California but also nationwide. A new solar project was installed every 60 seconds in 2021, according to a fact sheet published by the Solar Energy Industries Assn., and the solar industry is expected to quadruple in size between 2020 and 2030.

    Although 80% of a typical photovoltaic panel is made of recyclable materials, disassembling them and recovering the glass, silver and silicon is extremely difficult.

    “There’s no doubt that there will be an increase in the solar panels entering the waste stream in the next decade or so,” said AJ Orben, vice president of We Recycle Solar, a Phoenix-based company that breaks down panels and extracts the valuable metals while disposing of toxic elements. “That’s never been a question.”

    The vast majority of We Recycle Solar’s business comes from California, but the company has no facilities in the state. Instead, the panels are trucked to a site in Yuma, Ariz. That’s because California’s rigorous permitting system for toxic materials makes it exceedingly difficult to set up shop, Orben said.

    https://www.latimes.com/business/story/2022-07-14/california-rooftop-solar-pv-panels-recycling-danger?_amp=true

    Recycling solar panels isn’t a simple process. Highly specialized equipment and workers are needed to separate the aluminum frame and junction box from the panel without shattering it into glass shards. Specialized furnaces are used to heat panels to recover silicon. In most states, panels are classified as hazardous materials, which require expensive restrictions on packaging, transport and storage. (The vast majority of residential solar arrays in the U.S. are crystalline silicon panels, which can contain lead, although it’s less prevalent in newer panels. Thin-film solar panels, which contain cadmium and selenium, are primarily used in utility-grade applications.)

    Orben said the economics of the process don’t make a compelling case for recycling.

    Only about $2 to $4 worth of materials are recovered from each panel. The majority of processing costs are tied to labor, and Orben said even recycling panels at scale would not be more economical.

    Most research on photovoltaic panels is focused on recovering solar-grade silicon to make recycling economically viable.

    Thank you Gail for bringing this overlooked fact to our attention

    • The whole recycling process is very fossil fuel dependent. For one thing, the panels need to be trucked to a facility to do this, likely requiring diesel. If new solar panels are to be made, this will also require fossil fuels. So, there is both a fossil fuel use problem and a pollution problem from solar panel use.

      The space solar folks are hoping to get ride of the pollution problem by sending the solar panels up high enough (perhaps geosynchronous orbit) that recycling on earth will not be necessary. This idea is a long way away however.

  18. Herbie Ficklestein says:

    We’re very unlikely to see any solar records broken this week—simply because it’s so hot and solar panels are less efficient in the heat,” he added.
    There’s such a thing as too much sun for solar panels, and Europe’s solar industry is starting to buckle
    “Solar likes sunshine, but it doesn’t like being hot,” said a professor of organic electronics.
    BY TRISTAN BOVE. Fortune.com

    Solar panels around the world are manufactured and tested to function optimally at around 77°F, or 25°C, and the range in which most solar panels can still operate at peak efficiency is between 15°C and 35°C. Any hotter, and utility and installation companies warn that a panel’s efficiency can start dropping fast.
    Depending on where a solar panel is installed, high temperatures can reduce its electricity output efficiency by anywhere from 10% to 25%, according to CED Greentech, a leading solar panel equipment supplier in the U.S.

    The last few days have seen about 10% of Britain’s electricity come from solar. The heat itself, however, brings down the efficiency of the panels slightly, so we don’t expect to see records set,” Chris Hewett, chief executive at trade association Solar Energy UK, told Fortune.

    Solar panels are not the only energy source that can see electricity output reduced by high temperatures. In France, electricity output from two nuclear power plants was reduced last week owing to the heat wave raising the temperature of the water in the nearby Rhône River used to cool nuclear reactors.

    “Thermal power plants—that’s coal-fired power plants, gas-fired power plants, and nuclear power plants—need huge amounts of cooling water,” Pier Stapersma, a senior researcher with the Clingendael International Energy Programme in the Netherlands, told Fortune.

    • drb753 says:

      If you look at any worldwide solar efficiency map, you will see that the best place is the Himalayas, or small parts of equador and peru. Low latitude, so the sun is overhead, but also cold. Too bad for Saudi Arabia, which wants to become the next Saudi Arabia for solar, but is too hot for panels to work properly (and dusty too, so they are forced to put windshield wipers on their panels).

      • Too many mountains and not enough room to set the panels. Plus they have to deal with snow as well

      • Interesting!

        • drb753 says:

          the efficiency map or the fact that they need windshield wipers in the damn desert? I think that detail is as good as any at representing the futility of non renewable renewables. You want to propose a solar farm in that region? be prepared to defend your wipers scheme. don’t ask me how I know.

    • banned says:

      Panel efficiency is not the problem. Storing the energy is. A normal panel puts off more than its listed power most of the day In the majority of applications you run out of storage long long long before power output of the panels becomes a problem. The degree that a panel faces the sun is the greatest factor regarding output. Which is why it is desirable to have the capability to dump the panels as heat with impedance matching somewhere useful like water for bathing if their is no high demand. Just another reason why home photovoltaic systems make sense and centralized photovoltaic to provide grid power doesnt.

      High demand
      100% panel output to storage and loads

      Low demand
      30% panel output to storage and load
      70% panel output dumped as heat where useful using impedance matching

      Switching panel output when appropriate is not a simple task but it is not insurmountable either.

      Myself Im fond of bathing

  19. Herbie Ficklestein says:

    UK shatters record for its hottest day ever; London fire service declares ‘major incident’
    PUBLISHED TUE, JUL 19
    Karen Gilchrist. USA today 😊 Thank you Harry…read your post today!

    Britain recorded its hottest-ever day Tuesday, with temperatures hitting a high of 40.3 degrees Celsius (104.5 degrees Fahrenheit) in the east of England, according to provisional data from the Met Office.
    London’s fire brigade declared a major incident after a “huge surge” in fires across the capital Tuesday.
    Millions of Brits endured the country’s hottest-ever night Monday, with temperatures remaining above 25C in places.
    LONDON — Britain recorded its hottest-ever day Tuesday, with temperatures hitting a high of 40.3 degrees Celsius (104.5 degrees Fahrenheit) in the east of England, as London’s fire service tackled several blazes across the capital.
    The provisional figures from the U.K.’s weather service showed Coningsby, Lincolnshire, hit the new high Tuesday afternoon, surpassing two new records set earlier in the day.
    Temperatures in Charlwood, Surrey, hit 39.1C late Tuesday morning before Heathrow, near London, surged to 40.2C early afternoo
    Firefighters battle wildfires outside London
    The country’s previous hottest temperature was 38.7C, recorded in Cambridge in 2019.
    It comes as Brits face the second day of an extreme heatwave, which is causing widespread disruption and raising the risk of wildfires.
    “If confirmed this will be the highest temperature ever recorded in the UK. Temperatures are likely to rise further through today,” the Met Office said on Twitter.
    Temperatures were forecast to hit as high as 42C in parts of England by Tuesday afternoon, according to the Met Office, which issued a red extreme heat warning. Health authorities urged people to take precautions, including staying indoors and drinking plenty of water.
    The country is also on high alert for wildfires, with the southeast of England at “very extreme danger,” according to the European Forest Fire Information System.
    London Mayor Sadiq Khan said the capital’s fire brigade had declared a “major incident” after a “huge surge” in fires across the city Tuesday.
    Fire authorities highlighted tinderbox dry conditions. At least one home was completely destroyed and several others severely damaged after grass fires broke out in a village on the outskirts of east London, Sky News reported.
    A number of suspected wildfires have been reported around the country, including at a golf course near Birmingham and some fields in west Cornwall.
    It comes as many parts of Europe and North Africa are also currently experiencing extreme temperatures, with wildfires breaking out in France, Spain, Portugal, Greece and Morocco.
    Brits endure hottest-ever night
    Millions of Brits endured the country’s hottest-ever night Monday, with temperatures remaining above 25C in places, surpassing the previous nightly record of 23.9C recorded in Brighton in 1990.
    It followed a day of extreme heat Monday, during which a high of 38.1C was reached in Suffolk in the east of England — falling just short of the U.K. record.
    The high temperatures have been particularly disruptive for a country with little infrastructure or conveniences like air conditioning to cope with hot weather.
    The U.K.’s Met Office has said extreme temperatures in the country have been made 10 times more likely by climate change.
    Emergency services were on high alert across the country as they faced a surge in weather-related incidents, with several fatalities already reported.
    A number of schools closed early Monday, or didn’t open at all, despite government advice to remain open.
    Meanwhile, water companies in the south of England reported an “extraordinary” surge in demand due to the weather, which they said could result in low pressure or even interrupted supply.
    Infrastructure struggles under the heat
    The soaring temperatures also led to travel chaos for commuters and holidaymakers as hundreds of services were halted.
    Runways at both London’s Luton Airport and RAF Brize Norton in Oxfordshire were impacted by the heat, causing aircraft to be diverted and flights canceled.
    Meanwhile, rail services were heavily affected, with buckled rails reported and overhead wire systems failing. In some areas, cancellations and speed limits of 20 miles per hour were imposed.
    Britain’s Transport secretary, Grant Shapps, told the BBC that the country’s rail network could not handle the intense heat, adding that upgrades to help services cope with extreme temperatures would take “many years.”
    “We are building new specifications, creating overhead lines that can withstand higher temperatures. But with the best will in the world, this is infrastructure which has taken decades to build, with some of our railways stretching back 200 years,” he told the BBC on Tuesday.
    It comes as heatwaves grow more common and severe because of human-induced climate change. Indeed, the U.K.’s Met Office has said extreme temperatures in the country have been made 10 times more likely by climate change.
    Average world temperatures have risen by just over 1C from their pre-industrial levels, and are set to climb by 2.4C to 4C by the end of the century, depending on global efforts to cut CO2 emissions.
    Greg Dewerpe, founder and chief investment officer at venture capital firm A/O PropTech, told CNBC on Tuesday that as much as $10 trillion per year needs to be invested in buildings and infrastructure between now and 2050 to help countries deal better with the new climate realities.
    “If you look at the built world overall, there is about $10 trillion a year that needs to be invested in retrofitting technologies for housing, for offices, for all sorts of buildings around us, by 2050,” he said.
    “Technologies that are going to enable us to transition in terms of decarbonization and resiliency are key,” Dewerpe added.
    Like Gail has expressed..”If it’s not one thing, it’s another!” Go figure

    • Xabier says:

      Whatever happened to British understatement? !

      ‘Very extreme-high-super-dangerous!’

      How about ‘Rather warm for the time of year, old man?’

      This is so pathetic, a strike by Putin could be seen as a mercy killing……

      • Such attitude cost humanity the Singularity, made Europe useless and led to Britain overwhelmed by the Hindus.

        Perhaps they realized that they were fking up ove the last 320 years, albeit way too late?

    • Ed says:

      “$10 trillion per year needs to be invested in buildings and infrastructure between now and 2050”

      That is 280 trillion dollars!

      • Herbie Ficklestein says:

        It’s a matter of Life or Death!..We got to do SOMETHING!!!
        At least we are trying…like with the Vaccination Pogroms!!!
        Now I see vaccination commercials for Whooping Cough, Shingles, Monkey Pox, and others besides Covid🙈🙊…we are on a vaccine binge..
        The next growth surge…..lots of opportunities to continue BAU…

        Sure rather warm…British character of understatement, Old Man

        • Fast Eddy says:

          does anyone else find themselves wanting to beat the shit out of doctors…. the put on their faux caring face then they try to cram drugs and tests and vaccines into your body in exchange for trips to luxury resorts.

          I’d like to find a single doctor who is not captured … and who is trying to not prescribe this shit and instead advise on how to fix yourself without drugs.

          when I got my Voltaren yesterday she said it can upset your stomach we’ve got %%%% for that…

          I’m thinking oh ya … and what have you got to counteract the side affects of %%%%????? And are we going to go to infinity with this???? and if there is a god who created him????

          But I controlled my usual tourette’s and instead said – no that’s ok I’m only planning to take one before hockey and I’ll stop in a couple of weeks….

          And she looked at me like a dumb beast from behind her N95 mask .. which was hiding her disappointment at not helping her meet quota

          I wonder what she’d think if I showed up with my new pet

          https://youtu.be/20R5dn7g5GE

          Would albright laugh if she met him?

      • Rodster says:

        And there are people who will believe the crap they are told, like the vaccines are safe and effective. I don’t think the UK and Europe collectively can produce $10 trillion dollars worth of GDP on a sustained basis because *GASP* that would require fossil fuels.

      • drb753 says:

        Thank goodness for inflation! It will be peanuts by 2050! we are saved.

  20. Student says:

    ”Putin creates his own world order and the West watches helplessly.
    The Russian president’s meeting with Iranian and Turkish colleagues shows that Putin cannot be isolated internationally…”

    https://www.handelsblatt.com/meinung/kommentare/kommentar-putin-schafft-seine-eigene-weltordnung-und-der-westen-schaut-hilflos-zu-/28533642.html

    • We are moving to a new world order. It is hard to know exactly how it will look. If there are really energy supplies that can be extracted and shipped cheaply in Russia, it will be part of the new world order. But Russia will need both buyers for its products and working supply lines. Lots of things could go wrong.

      • drb753 says:

        And because it is a collective project, it will not stop for the loss of any one person. Mentioning this because Putin looked frail coming out of the plane.

  21. Student says:

    A couple of updates from Germany about the gas situation in Europe:

    ”We need to be prepared for a winter without Russian gas – EU prepares for energy emergency. The European Commission is committing member states to extensive gas savings. Consumption should fall by 15 percent, ”

    (it is probably means a similar percentage in European GDP collapse?)

    https://www.handelsblatt.com/politik/international/energieversorgung-muessen-uns-auf-einen-winter-ohne-russisches-gas-einstellen-eu-bereitet-sich-auf-energienotstand-vor/28534512.html

    ”We have gas, but we can’t find tankers” – setback for Europe’s new energy strategy. With liquid gas, Europe wants to free itself from its dependence on Russia’s state company Gazprom.
    But growing demand leads to bottlenecks in transport ships”

    https://www.handelsblatt.com/politik/international/unabhaengigkeit-von-russland-wir-haben-gas-aber-wir-finden-keine-tanker-rueckschlag-fuer-europas-neue-energiestrategie/28510188.html

    • ivanislav says:

      Jean-Marc Jancovici has good presentations and slide decks that also (like Gail and others) show GDP correlates almost perfectly with energy. So yes, I would think that entails a European GDP collapse. (side note: he showed the GDP-energy correlation over a decade ago, so he picked up on it early!) Most of his stuff is in French, but the few in English or with English subtitles are good.

      I really like this one after turning on auto-translate + subtitles.

    • MM says:

      We can make a safe bet that any assurance of “hope” is a last straw as Fast Eddy has already figured out when he takes a break from the UEP treadmill he is in.

      In the Austrian news they make claims that the government is able to step in for the “cutomers” aka Plebs.
      The article states that energy prices for gas have risen ten-fold.
      repeat this line: have risen tenfold.

      I have never ever heared of any business viability if resource costs surged ten-fold but yeah, we wil make it!

      • Fast Eddy says:

        What cannot continue – will stop.

        How has this not stopped by now — surely it cannot continue for much longer.

        We are beyond the financial gimmicks allowing BAU to stagger on and are to the heart of the matter… nett energy.

        It was likely that the Elders and their minions could always fiddle with the financial system and that no matter how absurd their policies … we could fend off stall speed — and that the game would only ever end when the energy math and physics tipped over.

        We can keep zombie companies alive by loaning them more $$$… the same cannot be said for an energy deficit.

        When do we go splat?

        • CTG says:

          15% reduction in gas usage is a lot. Our debt-based economy must grow in order not to implode… so, how does it work?

  22. Bobby says:

    The New Zealand government is trying to remove balances and checks on offical statistical data. What could possibly go wrong and what could be the real motives? This makes ‘unofficial’ cover ups, political interference and social engineering or manipulation of official data much more likely. The ‘old guard’ statisticians are worried about the implications.

    https://www.rnz.co.nz/news/national/471263/statistics-experts-fear-law-change-may-lead-to-unregulated-data-sharing

  23. Herbie Ficklestein says:

    Killimare Scam!? You got to be kidding? Have you visited his climate section yet?
    Same Scam…

  24. Bobby says:

    Harry’s latest economic news if you missed it.. Harry come back!

    https://climateandeconomy.com/2022/07/19/19th-july-todays-round-up-of-economic-news/

  25. Bobby says:

    Many student loans are currently interest free. How long can governments avoid reapplying interest to these type of loans in the current economic environment? It must be a worry for students still paying back debt or needing to continue funding their education after completing say the first or second year of a tertiary program.

    • It is not just that the debt is interest free. As I understand it, repayments have been temporarily stopped. Some people who have big loans outstanding have adjusted their spending habits, based on not having to pay back the loans. Once payments restart, their standards of living are likely to fall.

    • banned says:

      The problem is having enough good paying employment for those graduates to pay there loans off. It doesnt exist.

      College is considered very desirable socially and financially. Traditionally what made it work is jobs in the organic economy post graduation. Over and over what I have witnessed is both decent and exceptional students unable to find work that pays in their field of study. They end up mid level management at stores selling Chinese wares. There are exceptions of course. If you really kicked ass in school- were hungry to become a sharp tool- had talent and have social graces you might find a decent job.

      When I graduated there were opportunities. Those opportunities allowed me to become worth a poop because straight out of school i was dumb. I knew the material. I didnt know the job.

      My perception is those opportunities are largely gone. What does that leave us with? Education that has wide social desirability but no support in the organic economy. If we were to leave things alone the colleges would have to adjust staff salary and facilities for a dwindling market.

      I really admire Germany’s way. Aptitude testing from early ages. It sure beats offering a smorgasbord of disciplines to a young person. How are they supposed to choose? They dont even know what the job is.

      Take shrinks. I have known many a young woman to get a degree in psychiatry only to find they dont like it. The people they have to deal with are crazy and unpleasant. Generally they wanted to help. The tools of their education and medication are not effective to help. Its a people warehousing business. Nurse Crachet says swallow the HALDOL. Too bad they were not introduced to what the job is before they invested 4-8 years and 80-150 k $ debt. Working in a career where you have aptitude creates happiness. If you want to create happiness and success you leverage that. As it is Johnny decides he wants to be a astronaut/disc jockey and the career counselor says cool here is the loan application. College become a four year period where they actually find their aptitude except most choose wrong because aptitude is not tested for and they dont know what the job really is. Before eithor the individual chooses a career or society bankrolls it IMO having them on the job to see what its like is a no brainer. The employers that do this should be rewarded. Not that it matters. The “economy” is largly a big box store. Thats where the graduates are ending up or electricians or plumbers if they got the juice although we dont need 50 million electricians and plumbers. Those that can sense the real economy and have initiative will find ways to use their talents. The bigbox pay is the same as telling cuckoo nest to swallow his HALDOL and its more pleasant however.

      I have seen many a parent spend their life savings sending their kids to what amounts to four years of summer camp because they love them. Their not stupid. They know it would be better to bankroll a small business for kiddo but socially they see college as both a class distinction and a process of maturity. Hey if we lived in a infinite world it would be great! Four years of good sex,and double frothy lates in class. Whats not to like? Of course from the kids point of view Im a jaded old f***. Everthing is just fine! Serious debby downer dude. Until they are 30 and been at chinarus for eight years.

      In liu of a organic economy higher education gets put on life support with the universal cure for everything government debt handed out. Wheres mine baby? O yea. Whose your daddy? The theme of our times. The ubiquitous graduates with good GPAs working at big box stores are like the ubiquitous homeless. Avert your eyes.

      • Fast Eddy says:

        Take shrinks. I have known many a young woman to get a degree in psychiatry only to find they dont like it. The people they have to deal with are crazy and unpleasant. Generally they wanted to help. The tools of their education and medication are not effective to help.

        I could see myself doing that job… it would be so much fun dealing with crazy unpleasant lunatics… never a dull day! Of course I’d require the dangerous unhinged ones to be chained to a sturdy steel bar before pushing their buttons.

        The Fast Eddy school of thought which rivals Jung and Freud…. is borrowed from the medical field of allergies… got a bee sting allergy? We blast you with a shit load of the toxin … under a controlled setting — and bring you back to life… and now you can easily handle a single bee sting!

        You see where I am going here…

        Take anna for instance.. exhibiting signs of a neurotic old wind bag… gets off on nagging and bitching about everything…total pain in the arse… things she knows everything .. hubby grows sick and tired of her… drops her off at The CooKoos Next Asylum for the Insane under the care of Dr Fast Eddy…

        Fast taunts and ridicules anna – tells her she belongs on a street corner turning tricks… and over the course of many months of this … + bit of the ol 1-2…1-2 shocking treatment…. anna emerges as a kind, almost pleasant elderly woman…

        She returns to her husband as docile as a turtle… he’s happy… she has no idea one way or the other… and Fast gets the Big Fat Fee…

        If Fast had to have a ‘job’ I think therapist is a good fit… but HE’s busy being the Messiah .. so maybe in another life

      • It is the economy that is messing things up for today’s young people. They can’t depend on old patterns any more. This is part of why we have so many mental health issues among the young.

  26. Fast Eddy says:

    Not much on the ‘news’ depicting what’s in that clip compilation of Panama going Mad Max…

    Perhaps the revolution won’t be televised after all — could it be they don’t want the hordes to see that mayhem? Might be too much for them and cause panic?

  27. Fast Eddy says:

    Panama goes Full Mad Max… wow — Sri Lanka was a tea party:

    https://t.me/TommyRobinsonNews/37596

    • Rodster says:

      I told you, never underestimate pissed off Plebs. They become highly unpredictable and volatile, then you get copycats who watch the action. This is coming to a country or nation near you. It just takes time for the tea kettle to boil.

      • Fast Eddy says:

        I think you suggested they’d go Mad Max over covid…

        Nobody disputes this outcome when people cannot feed their families — there is a long history of this.

        Meanwhile they continue to march around the block shouting ‘Freedom’ with respect to Covid.

    • The use of fire is very concerning. It is possible to do a lot of damage, quickly, with fire.

      • Fast Eddy says:

        Fire is the ultimate weapon …

        There still almost no coverage of Panama – all I can find is this.

        https://menafn.com/1104563340/Protesters-Retake-Control-Of-Highway-After-Clashes-With-Riot-Police-In-Veraguas

        I will assume the reason for no coverage is because it’s too Mad Max… and will unsettle the hoards… if so this is extremely disappointing…. as it indicates that we may be left with our bowls of popcorn and nothing to watch.

        I was hoping we’d get some real good mad max stuff prior to the final act of UEP….

        UEP coverage will be extensive — but boring — we’ll see visuals of soldiers on every street corner and told of the shoot to kill orders… we’ll get dull video of empty supermarket shelves with presenters telling us what ‘while the shelves are empty, the national guard is confident that the centralized distribution centres are well stocked and there are plenty of delivery vans available to ensure that nobody experiences shortages of food’

        There will be regular features of CovIDIOT families who are barricaded in their homes wearing N95 masks and joyfully going about their business — mom will be cooking a meal then later showing us her new strap on apparatus that dad – who is transitioning just as soon as the lockdown ends…. enjoys so much….

        The kids will be fighting for the biggest carrots and rogering themselves.. the boys will be dressed in leotards…the girls will be all gimped up….. an idyllic family enjoying themselves as they await the next booster… and doing what they are told…

        Everything will appear awesome and optimistic … then the vans won’t arrive. And the MSM will explain that although there are logistics problems and you may have to wait a bit — and you may not get exactly what you ordered… there is no need to worry — more shots of empty supermarkets — then a shot of a happy family receiving their delivery … and more calming words — just stay put — the vans are coming — trust the government — trust the science.. take more boosters…

        Not quite the dynamic ending we are all hoping for is it….

        But there won’t be much in the way of murder rape or cannibalism… the extinction will be so very civil… the veneer will stay on … till the very end

        • JMS says:

          In purely theoretical terms, the goal of the Termination Class (TC) will be achieved from the moment they manage to keep for some seven days the Termination Objects (TO) at home, peacefully waiting for the promised food, since after a week of starvation TOs will be too weak to endanger public order (how can you engage in acts of violence when you can barely walk? win wink)

          Then all that will be left for TC to solve will be the public sanitation problem caused by millions of decomposing TOs, which will be solved by time-tested establishment of sanitary cordons.

          • Fast Eddy says:

            The men who run the world won’t worry about the clean up — they’ll be sipping Fentanyl-laced cocktails… cuz the only people who will remain will be the military who enforce martial law…

            And the men who run the world — will no longer run jack shit…

            The military men will suffer badly as the last men standing … they’ll be the ones impacted by the spent fuel ponds

          • Tim Groves says:

            What if they run out of sanitary cordons.

            Will tampons do?

            • JMS says:

              Don’t think so. Those will only be employed in mountainou areas, like the Alps, where tunnels abound.

  28. Fast Eddy says:

    It’s Not Just China Homebuyers. Now Property Suppliers Are Boycotting Loans.
    Hundreds of contractors complain of bills owed by developers
    Some Evergrande suppliers have decided to stop repaying debts

    Some suppliers to Chinese real estate developers are refusing to repay bank loans because of unpaid bills owed to them, a sign that the loan boycott that started with homebuyers is starting to spread.

    Hundreds of contractors to the property industry complained that they can no longer afford to pay their own bills because developers including China Evergrande Group still owe them money, Caixin reported, citing a statement it received from a supplier Tuesday.

    https://www.bloomberg.com/news/articles/2022-07-20/china-s-loan-boycott-spreads-to-property-industry-suppliers?srnd=premium-asia

    • Oh, dear! More defaults in China doesn’t sound good.

    • Rodster says:

      Martin Armstrong is saying Q1 of 2023 is when all hell breaks loose in this 40 min interview.

      https://usawatchdog.com/2023-will-be-year-from-hell-martin-armstrong/

      • Minority of One says:

        Very interesting

      • We can hope the Chinese financial system holds together until Q1 of 2023. To many things going wrong, at once.

        • Fast Eddy says:

          I reckon just prior to pulling the plug on the species… the Elders should have a week long extravaganza ….

          We could have daily presentations of various milestones as we proceeded to extinction – features on innovators … speeches… then musical acts … distribute free MDMA and blow … a massive global bash….

          A celebration of our efforts to pave over the world and f789 over every other species on the planet!

          The CovIDIOTS could watch from their hospital beds as we enjoy ourselves at their expense

          Then Holodomor

      • MM says:

        Mr Armstrong has just come late to the topic of
        “The economy needs a reset”
        But he is a good man.

        • Fast Eddy says:

          Ya it’s like when your screen freezes — you just need a reset… no biggie

          • MM says:

            Iit is exactly the opposite as in:

            The reset is THE biggie

            You would only shrug because why would nobody talk about it?

            Go to your lokal bookshopand ask for a copy of
            “Covid 19 and the great reset” by Klaus Schwab
            I am pretty sue they have it on sale, eh?

      • Fast Eddy says:

        I vote for that… but unfortunately nobody can know when Things Fall Apart.

        Let’s be optimistic though! I planted lots of flower bulbs so if we can make it to October that’s a win!

  29. Student says:

    The new corridor North-South has been opened.
    From Russia to India, through Iran and viceversa.

    ”AsiaContainersEuropeMiddle East. Iran facilitates new shipping routes from Russia to India.
    Iran’s state-run Islamic Republic of Iran Shipping Line (IRISL) has moved to extend its network by facilitating the transport of Russian goods to India via the International North-South Transport Corridor (INSTC), a land-sea corridor passing through a dozen countries to bypass Western sanctions against Russia.”

    With very nice map in the article.

    https://splash247.com/iran-facilitates-new-shipping-routes-from-russia-to-india/

    • The route that is called the standard route seems to be entirely over water.

      The new route doesn’t seem to be entirely over water. I know that there is an old canal route that went that way. It has a lot of locks in it, to adjust for the change in water level. In fact, my husband and I rode in a tour boat on the canal route. An overland route takes a lot more fuel.

      • Rodster says:

        Martin Armstrong is saying Q1 of 2023 is when all hell breaks loose in this 40 min interview.

        https://usawatchdog.com/2023-will-be-year-from-hell-martin-armstrong/

        • CTG says:

          Personally I suspect we might not be able to see the first snowflake (real one from the sky) in Dec. If there is no gas in NS1, the probably much sooner

          • Kowalainen says:

            Don’t worry; the russkies will push a fart or two through their rear end pipe if the “situation” calls for it.

      • Student says:

        Going into details, it is a classic multimodal route for containers (20 ft, 40 ft and other sizes): rail in Russia, then Caspian Sea by ship, then probably road by trucks in Iran and then sea by ships till India.
        I don’t know if it will the same time, but it is all in a ‘protected area’ for them.
        If I remember well, I think it goes into the direction of what you said: ‘goods exchange will go on only among certain States’, other will be excluded…

  30. Tim Groves says:

    In a finite world, with BAU winding down, and WW3 starting up, the big question we should all be focusing on is………. How long will Harry continue to put up with Meghan and her double claw!?!?!?

    https://rumble.com/v1crzgm-watch-meghan-dominating-harry-with-her-double-claw-gesture.html

    • banned says:

      She has the hand
      She has the elbow
      She has a BIG smile and it looks genuine to me

      I wonder if she ever dumps his ass to the floor at home because it looks like she likes acquiring everything she needs to do it.

      There are worse fates. She looks damn good in that black dress. Id be fine with her wrist locking me anytime as long as she didnt break it. Which i wouldnt be too sure about… With that smile…

      Woman that can apply locks are hot!

      • Fast Eddy says:

        What a coincidence .. the guy running that video is The Guy … you know … the guy who supplies the Bolivian products …

    • banned says:

      Meghan doesnt realize it but she is seriously breaking the rules. There they are at a NWO grand poobah function and she is strongly asserting what is important is her relationship with Harry. Engaging in relationships – intimate- neighbors-community without the overlay of the political machine is verbotten.She is not doing that but her asserting the importance and value of her relationship with Harry in that particular environment demeans the demand that relationships must be judged primarily by the political framework presented and antiquated notions like actions, mutual respect community and attraction only secondarily.

    • Artleads says:

      HARRY HAS GOOD MILITARY TRAINING AND DISCIPLINED FAMILY UPBRINGING. He should be able to take care of himself.

      • Fast Eddy says:

        ya but he’s got multiple genetic defects due to centuries of inbreeding .. meghan was brought in to throw some new DNA into the mix… so the next generation can have the chance at an 80+ IQ outcome

  31. CTG says:

    Faster Spreading Omicron Variants Hit China, Sparking Lockdown Concerns

    https://www.zerohedge.com/covid-19/faster-spreading-omicron-variants-hit-china-sparking-lockdown-concerns

    Is it Omicron, mortgage boycott, low energy supply or a combination of all?

    • Fast Eddy says:

      Everything is moving so quickly now!

      M Fast seldom mentions all this stuff — but the other day she said — it’s almost over … isn’t it.

      I don’t respond to that .. but she knows.. that I know….

      Poor M Fast… she is a very kind person

      • Vern Baker says:

        Have you been following the diesel engine oil fiasco… if that what it is? I keep seeming mentions of this, but can’t determine if there is anything to it or not. If there is, then, this kind of points to Alice Friedemann’s “When the Trucks Stop Running” outcome.

        • Fast Eddy says:

          In the series utopia the UK was being overwhelmed by mass worker strikes…

          Obviously employers are unable to match raises to inflation — and if they tried to there would only be even more inflation …. so at what point do we get wide spread strike action?

          Or perhaps they just go straight to the Panama ‘solution’ https://t.me/TommyRobinsonNews/37596

      • MM says:

        As long as the Plebs is concerned with information overload there is nothing to be seen here.

    • If it is not one thing, it is another.

    • Many problems at once.

  32. Rodster says:

    Norm has been MIA the last few days. I wonder if the 600th booster shot finally did him in? 🤪

  33. banned says:

    Tragically SAD victims are fair game.

    https://www.bitchute.com/video/EpK81C73Dx92/

  34. Fast Eddy says:

    https://t.me/TheHealthForumNZch/1495

    JUST A FEW OF THE WONDERFUL PEOPLE WHO CARRIED OUR SIGNS IN OREWA TODAY…

    We did a vaccine injury outreach with our story boards in Orewa today.

    I feel so heartened.

    We had 3 (elderly) people who had rude things to say to us.

    They were countered by numerous motorists who tooted and thumbs up….many people are aware of what is happening.

    hahaha… why would they have rude things to say — maybe they think the injuries are fake hahahaha

    Old people are extra Stooopid… from my experience… in general… I think that I should create the FE Challenge for Old People … if they fail into the meat grinder at the dog food factory ..

  35. Fast Eddy says:

    Hmm… why are these people willing to do this… yet nobody does anything anywhere near as radical when they know their government is poisoning them

    https://t.me/TommyRobinsonNews/37563

  36. Fast Eddy says:

    OMG – it’s a massive rebellion https://twitter.com/RadioGenova/status/1549413843910230017

  37. Fast Eddy says:

    Absurdity is when people who take them get the infection and continue to take more as if that is going to improve health. Continued accumulation of WIV genetic code and Spike protein in the body will cause disease, disability, and death in large numbers of people.

    https://t.me/PeterMcCullough/1506 (funny!)

    Finally. Harvey Risch again is the one to point out that we need to stop talking about any data that assumes the vaccines have positive efficacy (like saying the ARR is only 1% or modelling transmission rate reductions). They have NEGATIVE efficacy. They are literally driving the pandemic and need to be stopped and those people in power who forced them on populations need to be arrested for practicing medicine without a licence and abuse of human rights.

    https://www.theepochtimes.com/dr-harvey-risch-why-are-vaccinated-people-getting-covid-at-higher-rates-than-the-unvaccinated_4602409.html h/t @VigilantFox

    • davidinamonthorayearoradecade says:

      “Continued accumulation of WIV genetic code and Spike protein in the body will cause disease, disability, and death in large numbers of people.”

      excellent.

      the CEP is now very much unstoppable.

      • MM says:

        You can put anything you want for CEP in this sentence:

        the CEP is now very much unstoppable.

        Unfortunately any word you pick will not make any diffenence in the brains and actions of a large part of the population.
        Repeat from step one.

  38. Artleads says:

    OFF TOPIC

    i HOPE SOMEONE WHO HAS THOUGHT ABOUT COLONIZATION AND GENOCIDE more clearly than I can weigh in.

    I believe the interview takes about 38 minutes

    https://www.facebook.com/photo/?fbid=10160161533585960&set=gm.2256105654553819

  39. Fast Eddy says:

    Oh Wow! https://t.me/PeterMcCullough/1505

    Fully Injected Hospital Faces Devastating Problem

    BA5 hitting fully compliant groups with “imprinted immunity” to obsolete WIV Spike. Other hospitals better positioned with “diversity” and plenty of naturals with no foreign genetic code in lymph nodes. Unjected recovered workers best with 97% protection against severe disease.

    hahahahahahahahaha put the Pure Blood signal up — calling all Pure Blood nurses and doctors – please save us!!!

    Nurse – f789 you – pay me triple hahahahahahaha nah… f789 you … die

    This is really getting gooey and interesting now innit it???? hahahahaha

    Q4? lay your money down

    • davidinamonthorayearoradecade says:

      Q4 will be slightly worse than Q3.

      • MM says:

        Well that makes a damn good economic prediction.
        You might want to create an economics youtube channel ?
        You can make a new episode every quarter, just edit the topic.

  40. Fast Eddy says:

    Hey norm… here’s a shot of endorphins for you

    https://t.me/disclosetv/8625

    Telegram (https://t.me/disclosetv/8625)
    Disclose.tv
    NEW – Two “leading epidemiologists” explain: “You’ll be getting many COVID-19 boosters in the years ahead because that’s how the vaccines work.”

  41. Fast Eddy says:

    BOOM – Hoover Dam https://t.me/chiefnerd/4174

    White House Considers Emergency Declaration to Fight Climate Change

    “The possible emergency order, which would unlock broad executive powers to propel clean-energy construction, restrict oil drilling and curb fossil fuel flows, is one of several options under discussion, said people familiar with the matter who asked not to be named describing private deliberations.”

    https://www.bloomberg.com/news/articles/2022-07-19/white-house-mulls-emergency-declaration-to-fight-climate-change#xj4y7vzkg

    Hmmm… maybe the purpose of this massive lie — has always involved the CovCON… as in … now we use it as an excuse to ‘reduce our burn’ so we don’t have to tell the MOREONS that we’re running out…

    Like I have stated previously — UEP has been in the works for decades… it is a well thought through plan — involving very clever … very creative … very dedicated … people – who are motivated by stopping ROF>

  42. https://www.zerohedge.com/weather/next-round-heat-tests-chinas-ability-keep-factories-humming

    Next Round Of Heat Tests China’s Ability To Keep Factories Humming

    Another round of dangerous heat is forecasted to plague large swaths of China as the nation’s power grid is pushed to the brink. Factories have already received power rationing notices to stabilize the grid and thwart rolling blackouts, ensuring sufficient supply for air-conditioners. The last thing China needs is social unrest amid the mortgage boycott crisis.

    Last week, the nation’s electricity generation hit a record high due to soaring cooling demand, forcing the government to ration power to polyester and textile factories in Zhejiang province, according to the South China Morning Post. Other electricity-hungry export factories were also rationed power to ensure grid stability.

    Another round of heat comes as nationwide power shortages worsen supply chain problems. Disruptions from power shortages could be nearing as Bloomberg points out that some coal-fired power plants in the country’s coastal area have rapidly depleted stockpiles. Some power plants have only ten days of usage, warned consultant Fenwei Energy Information Service Co.

    I had assumed that China would cut off air-conditioning to consumers before it would cut off electricity to factories, but this seems to be changing. There are also problems with not enough coal and very high prices for coal.

    • CTG says:

      Gail… I think the issue is more of “low quality coal”. To make a certain units of electricity, it used to take 1 car load of high quality anthracite coal. Now, you need 3 carloads of lower quality coal. This way, you lose you on (1) cost as you need to buy 3 car loads (2) time because you need more time to dig out 3 car loads (3) more expensive as you need more energy to dig out the lower quality coal and (4) The energy you get without taking into account energy used to mine the coal (EROEI) is too low for the power plant.

      It is still “ok” if they can get high quality coal at double the price. This situation is like “double the price but half the volume”. 4x loss not 2x loss.

      This is actually a big issue because now, your are bogged down with “useless pursuit” of generating energy.

  43. Fast Eddy says:

    Hmmm…. UEP is gaining traction…

    Definitely not a good thing if too many of the MOREONS begin to understand the situation — soosiside rates will explode.

    https://t.me/arkmedic/4347

    This is an interesting and well laid out explanation of the current situation, although somewhat black-pilled. One might have to hope that the Tesla free energy crowd is correct and that unlimited energy is on its way. If true, it would make sense why “it did have to be this way” rather than giving the people the golden calf without having learned any lessons from the past. https://www.headsupster.com/forumthread?shortId=220

  44. Fast Eddy says:

    This is stupendous work….

    The stars are aligning for a Q4 total disaster…. (UEP… UEP …. UEP…. the drums beat over and over)

    https://boriquagato.substack.com/p/are-covid-vaccines-the-superspread

    it’s really starting to look that way

    i’ve spoken quite a lot about why leaky vaccines drive viral evolution to select for vaccine advantage. rolling out non-sterilizing vaccines is is terrible idea. it’s like only taking half your course of antibiotics and then wondering why MRSA is suddenly everywhere. it’s just a selector for resistance and advantage. the basic mechanism is really very simple: antigens that were recessive become dominant in order to evade the fixated immune response generated by an inoculant that did not work to stop colonization, carriage, and contagion.

    this is the simple, predictable, and inevitable outcome of herd level antigenic fixation whereby most people are all locked into the same increasingly ineffective immune response and fail to generate new responses when faced with novel pathogens. this gets called OAS/hoskins effect.

    it’s also how you get a throwback variant like omicron which did not descend from delta but looks to be a second serotype whose last common ancestor with D was pre-alpha. it was a going nowhere failed mutation that lacked evolutionary fitness. but then the world changed and vaccines selected for omicron. it’s just simple evo pressure that works like this.

    and it looks to be intensifying rapidly. since the emergence of omicron and especially of some of its later sub-variants, particularly the BA series, there has been dramatic change in viral behavior.

    we saw the canary in the covid mine in the UK where risk rates were blowing out and even as they switched to “3 dose boosted” to measure relative effect, the fact that risk rates were not only higher in the vaxxed than unvaxxed, but rising fast over time became unavoidable.

    • davidinamonthorayearoradecade says:

      the CEP was stupendous work.

    • This is the same article as in the link below. I agree that it is an outstanding article. Those who are vaccinated seem to be much more susceptible to catching COVID. The increased susceptibility more than offsets the lower severity, especially for the very old.

      • davidinamonthorayearoradecade says:

        very excellent totally solid article.

        but sorry that it’s bad news for anyone in the UK who is vaccinated and also very old.

        • Fast Eddy says:

          Let me think… do I know anyone who is very old and boosted to the hilt… hmmm… I am sure I know of at least one person … it’s coming to me… n.. no something… nigel? nah no nigel on OFW… names that start wit n – search — ah that’s it!

          norm

          norm – I recommend some Ivermectin if you want to hang on a bit longer… I have a mate who is double vaxxed and heart damaged… he had Covid last month and took Ivermectin .. smashed it dead in a couple of days….

          mike’s not around much so you are needed more than ever on OFW …

          If we don’t have your input then it’s mostly geniuses bantering … and we’ll cross the fine line into insanity

      • Fast Eddy says:

        And because they suffer from VAIDS — guess what….

        hahahahahahaha

        See Australia

        https://alexberenson.substack.com/p/overall-deaths-in-australia-where?s=r

        https://alexberenson.substack.com/p/we-need-to-talk-about-australia/comments

        Hint… this is what awaits all high vax countries… and it will obviously get worse

        There you have it. Devil Covid.

        Obviously supply chains collapse — and Global Holodomor ensues.

        I am in a very fine state of mind right now — I so enjoy when Fast Eddy’s theory comes to fruition…

        UEP ahead… increase speed Scotty – it’s full steam ahead Captain… approaching terminal velocity (hahahahahahahaha)

  45. Fast Eddy says:

    i’ve spoken quite a lot about why leaky vaccines drive viral evolution to select for vaccine advantage. rolling out non-sterilizing vaccines is is terrible idea. it’s like only taking half your course of antibiotics and then wondering why MRSA is suddenly everywhere. it’s just a selector for resistance and advantage. the basic mechanism is really very simple: antigens that were recessive become dominant in order to evade the fixated immune response generated by an inoculant that did not work to stop colonization, carriage, and contagion.

    this is the simple, predictable, and inevitable outcome of herd level antigenic fixation whereby most people are all locked into the same increasingly ineffective immune response and fail to generate new responses when faced with novel pathogens. this gets called OAS/hoskins effect.

    it’s also how you get a throwback variant like omicron which did not descend from delta but looks to be a second serotype whose last common ancestor with D was pre-alpha. it was a going nowhere failed mutation that lacked evolutionary fitness. but then the world changed and vaccines selected for omicron. it’s just simple evo pressure that works like this.

    and it looks to be intensifying rapidly. since the emergence of omicron and especially of some of its later sub-variants, particularly the BA series, there has been dramatic change in viral behavior.

    we saw the canary in the covid mine in the UK where risk rates were blowing out and even as they switched to “3 dose boosted” to measure relative effect, the fact that risk rates were not only higher in the vaxxed than unvaxxed, but rising fast over time became unavoidable.

    https://boriquagato.substack.com/p/are-covid-vaccines-the-superspread

    Albert Bartlett might have some thoughts on this…

    • One excerpt:

      the highly vaxxed states are tallying on the order of twice the total covid counts based on about a 25 percentage point difference in vaccination rate.

      that’s a massive signal and starts to align ominously with some of the UK data. if 25% of your people get 4-5X the infection rate, that roughly doubles the overall rate of infection, which is just what happened. this is more than a bit provocative.

      This is another:

      all of this is strongly consistent with the idea that we have a much milder variant that is still producing a greater number of severe outcomes because the case count is so much higher and this case count is being driven by the vaccinated, not the unvaxxed. their risk ratio for catching covid looks to be 3-5X higher.

      this is the outcome no one wanted/everyone hoped against. alas, reality is not optional and the reality is that this was entirely predictable because this is how evolution works. it’s why we do not use leaky vaccines.

      There seem to be more very elderly people dying now, indirectly because of the vaccine.

  46. Fast Eddy says:

    More than one out of 15 Brits is having COVID today (Jul 19, 2022). This is higher than ever before. An “unexpected” largest-ever wave of a yet-another variant Ba.5 is reinfecting highly-vaccinated countries one more time. Hospitals are strained, because sick, force-injected health care workers are staying home due to their Covid reinfections, and patients are hospitalized at record rates. Excess mortality is rising.

    https://igorchudov.substack.com/p/uk-sages-dumb-seven-point-covid-plan

    https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F028b9016-7165-449d-8ce6-a0eee38d5830_1600x1400.jpeg

    • A goofy plan for solving the COVID-19 problem by doing more elaborate versions of what was done before. Excerpt:

      The concept of “air filtration” refers to a sincerely expressed, but misguided idea that retrofitting buildings with “air filtration devices” will stop the pandemic. While I personally like almost all people who advocate it, I also recognize that it is largely futile, for many reasons having to do with physics and gas dynamics.

      Air filtration that could effectively capture airborne virions, would need to turn over enormous volumes of air every minute, through the finest filters, continuously. This is not compatible with existing buildings’ HVAC systems. It would also cost a fortune in electric bills and create a lot of heat. I do not want to get into this discussion too much, but “air filtration” of that kind is not possible in most establishments or homes.

  47. Fast Eddy says:

    We need to talk about Australia

    Australia should have been the world’s ultimate public health and Covid vaccine success story – the nail in the coffin for Team Reality and the Great Barrington Declaration.

    Australia did just what the Bill Gates-funded gurus wanted.

    It locked down early and hard and stayed that way for almost two years. It closed its borders and responded to local outbreaks with even tougher restrictions. Australian police used drones and automated license plate readers to check if people were more than a few miles from their homes.

    The restrictions largely “worked.” (Putting aside their cost to civil liberties, education, and mental health, of course, since those don’t matter to Covid fanatics.) Through the fall of 2021, Australia had few Sars-Cov-2 infections and almost no Covid deaths.

    https://alexberenson.substack.com/p/we-need-to-talk-about-australia/comments

    https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fea101ef8-5f38-45d7-b747-bfe443b6953f_1152x1522.jpeg

    • The amazing Australian story, showing yet again that the vaccines do not work. Lockdowns and lack of infections from outside are at most a temporary way of solving the problem.

      • Fast Eddy says:

        The temporary = the period where the virus and vaccines do battle – the virus mutates and wins… and we get to this

        https://boriquagato.substack.com/p/are-covid-vaccines-the-superspread

        I would not consider ‘temporary’ in a positive light…. it is simply a necessary step in the march towards the intent to extinct us

        It’s like boarding a train that is programmed to speed into a rock cut at 400km per hour… and stopping to refuel for 15 minutes on the way

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