As Bloomberg reports, workers at Chevron Corp. and Woodside Energy Group Ltd. facilities in Australia voted to strike, which has the potential to affect liquefied natural gas exports from the country, tightening the global market for the fuel. The exact timing of the industrial action – if it goes ahead – wasn’t immediately clear.
Asian buyers “are likely to bid up LNG imports” to replace Australian volumes if there are disruptions, which would affect Europe as well, said Nick Campbell, a director at consultant Inspired Plc.
“LNG has become a baseload supply in the European gas supply mix, therefore any signs that this flow is at risk leads to support in price.”
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I have written previously about the impact of dedollarization. The above story does not reference another important term: deindustrialization. This term is mainly directed at Germany because industries are shutting down or closing some of their operations because they are no longer profitable due to high energy costs.
The great reset has three goals:
- Limit travel with high energy costs, high automotive costs and low automobile inventories.
- Limit food production with high energy and fertilizer costs.
- Release pandemics and instigate wars to kill us off.
Pay attention and be vigilant because your life depends on it.
David DeGerolamo
Uranium for European nuke plants will be disrupted by the new wars in west Africa.
Price of gasoline is going up. Biden just replaced over 900,000 barrels of oil into the Strategic Petroleum Reserve. Finally. However, he waited until oil was over $80 per barrel. Such a deal!
get out of the city
get out of debt
get your survival garden planted.