I keep hearing that this winter will be bad for manufacturing in Europe.

[SeymourDumore]

Latest is that Russia offer for gas to Germany via Nord Stream 2.

Rejected.....

the US of A has the LPG market sewn up!

Huh? LPG market?

BTW, Russia's offer ( heard bits an pieces, need some more though ) of supply via NS2 is fishy as fuck!
From some of the things I've heard ( and none of this is fact, rather a bit better than rumors ) is that while damage to NS1 is substantial, one of the pipes of the NS2 pair is virtually intact.
So, if the Russian government is kind enough, they could restore a partial flow to Germany and the west.
All they'd have to do is... well, wotever Vladimir Vladimirovics demands.

If any of that is true, one must revisit the question of just who might have damaged the lines in the first place he?

 

[Trboatworks]

OK, I'll bite.
Depleting the strategic oil reserve to historical lows
Student loan forgiveness

The first one is a poor attempt at curbing the effects of inflation, while the other is directly fueling it.
Both at the same time.
You and I WILL be paying for it!!!

Selling crude into the market at high prices buffers the demand base which is influencing those prices.
This act nets the government coffers a profit on reserve purchased at prices during the Obama era, and reduces the cost to consumers as prices adjust to new supply metrics.

 

[Freedommachine]

Oh, I'll fall on that sword.
Humm, where to start...
Here's as good a place as any:

Federal Register :: Request Access

www.federalregister.gov

Tr- I am only copying limited text. I am not cherry picking, I just don't want to fill the page with unimportant word salad. I will include section info so you can analyze the source without searching.

sec 4 (a)
"place a temporary moratorium on all activities of the Federal Government relating to the implementation of the Coastal Plain Oil and Gas Leasing Program"

sec 4 (b)

"Executive Order 13754 and the Presidential Memorandum of December 20, 2016, are hereby reinstated in their original form, thereby restoring the original withdrawal of certain offshore areas in Arctic waters and the Bering Sea from oil and gas drilling."

Edit: not even close to finished yet, posted by accident

Sec. 6. "Revoking the March 2019 Permit for the Keystone XL Pipeline"

Sec. 7 (d)

"the Presidential Memorandum of October 19, 2018 (Promoting the Reliable Supply and Delivery of Water in the West), and the Presidential Memorandum of February 19, 2020 (Developing and Delivering More Water Supplies in California), are hereby revoked."


Next document:

Federal Register :: Request Access

www.federalregister.gov

Sec 102
(f)"The United States will also immediately begin to develop a climate finance plan, making strategic use of multilateral and bilateral channels and institutions, to assist developing countries in implementing ambitious emissions reduction measures...and promoting the flow of capital toward climate-aligned investments and away from high-carbon investments"

(h) "The Secretary of State, the Secretary of the Treasury, and the Secretary of Energy shall work together and with the Export-Import Bank of the United States, the Chief Executive Officer of the DFC, and the heads of other agencies and partners, as appropriate, to identify steps through which the United States can promote ending international financing of carbon-intensive fossil fuel-based energy while simultaneously advancing sustainable development and a green recovery"

^^^huh, wonder what it is we'll need to "recover" from?


Part 2 Sec 201

"We must listen to science—and act. We must strengthen our clean air and water protections. We must hold polluters accountable for their actions. We must deliver environmental justice in communities all across America. The Federal Government must drive assessment, disclosure, and mitigation of climate pollution and climate-related risks in every sector of our economy, marshaling the creativity, courage, and capital necessary to make our Nation resilient in the face of this threat. Together, we must combat the climate crisis with bold, progressive action that combines the full capacity of the Federal Government with efforts from every corner of our Nation, every level of government, and every sector of our economy."

I've got machines to run so I'll leave it there for now. Needless to say... The current administration is actively working feverishly to transform this nation and the rest of the world - leveraging our (citizens) capacity to due work as well as their own global influence - they are swinging for the fences with all they've got.

They know their actions are hurting economies all over the world including our own... It's being done intentionally.

 

[SeymourDumore]

Selling crude into the market at high prices buffers the demand base which is influencing those prices.
This act nets the government coffers a profit on reserve purchased at prices during the Obama era, and reduces the cost to consumers as prices adjust to new supply metrics.

Wearing rose colored glasses aren't we?
The original purpose of the oil reserves is NOT to be the feel-good measure for price manipulation! Sure, it has been used by most - if not all - that came before for exactly that, nonetheless it isn't it's intent.
As far as the profit is concerned, sorry, I ain't buying it!
Sure, it was filled when oil prices were significantly lower, but now that we're depleting it, we'll also have to figure out how to replenish it.
And, it's replenishment sure as hell ain't gonna be at the price it was filled in the first place, not even at the level we're wasting it now!
On one hand, we have Mad Vlad and his war fucking with the markets causing uncertainty.
Then we have OPEC deciding to take 2M barrels off the market in fears of upcoming recession.
Those two together will make for one hell of a price increase, and a possible oil shortage which requires a refill of the reserves as soon as possible, price be damned.

 

[PDW]

weapons do not fight on their own. it needs to be repaired and maintained, transported. need people. and when there is no electricity, no communication, no water in the country. fighting becomes difficult

You are deliberately avoiding the point.

Russia threatened the weapons SUPPLIERS with consequences if they didn't stop supplying Ukraine. Russia is already - short of nukes - doing everything it can to destroy Ukraine.

So I repeat - just WHAT can Russia actually DO to the other countries supplying weapons?

The reason you won't answer is because, short of starting a nuclear WW3, the answer is - nothing. Russia has no economic leverage left, no conventional military available and no way of winning a conventional war against NATO anyway.

But feel free to post something irrelevant anyway.

PDW

 

[Trboatworks]

I don’t think that production cut is going to work out as planned.

 

[SeymourDumore]

I don’t think that production cut is going to work out as planned.

Not so sure ...
We may have to lick a few Iranian and Venezulean boots to avoid a major disaster.

 

[standardparts]

.............Then we have OPEC deciding to take 2M barrels off the market in fears of upcoming recession.
Those two together will make for one hell of a price increase, and a possible oil shortage which requires a refill of the reserves as soon as possible, price be damned...........

A number of news sources is reporting that our current President asked the Saudis to delay the reduction in oil supply for another month or so which makes it appear that the President was worried about mid-term election timing.
-----"The Biden administration asked Saudi Arabia, the de-facto leader of oil producer group OPEC, to delay its decision on oil output by a month"...... "reiterated the Biden administration’s vow to reexamine its relationship with Riyadh (Saudi)",,,,,,,,, "President Joe Biden said there would be “consequences” for Saudi Arabia’s oil production cut".

And what does this have to do with manufacturing in the United States?-----This:."U.S. lawmakers have urged the cutting of military sales to Saudi Arabia, America’s top weapons buyer,"

https://www.cnbc.com/2022/10/13/bid...-postpone-opec-cut-by-a-month-saudis-say.html

 

[Trboatworks]

Not so sure ...
We may have to lick a few Iranian and Venezulean boots to avoid a major disaster.

This probably is my rose colored glasses.
I don’t want an outcome where those bastards have us by the short hairs.

 

[CalG]

Huh? LPG market?

BTW, Russia's offer ( heard bits an pieces, need some more though ) of supply via NS2 is fishy as fuck!
From some of the things I've heard ( and none of this is fact, rather a bit better than rumors ) is that while damage to NS1 is substantial, one of the pipes of the NS2 pair is virtually intact.
So, if the Russian government is kind enough, they could restore a partial flow to Germany and the west.
All they'd have to do is... well, wotever Vladimir Vladimirovics demands.

If any of that is true, one must revisit the question of just who might have damaged the lines in the first place he?

You KNOW as much as I do.
NEWS ain't what it once was.

 

[SeymourDumore]

You KNOW as much as I do.
NEWS ain't what it once was.

Ok, to the point: What do you mean by the US having the LPG market sewn up, or ... well ... anything about the US and the LPG market...

Or, I'll just add these as a WTF....

 

[michiganbuck]

I don't think Putin would wish to go down in the history books as the guy who started WW3, but who knows
Likely Putin thinks that this is not a NATO issue because Ukraine is not a NATO member.
China is setting on the sideline because China wants to take Taiwan.
The situation is really a big /serious mess.

 

[Trueturning]

.

I don't think Putin would wish to go down in the history books as the guy who started WW3, but who knows
Likely Putin thinks that this is not a NATO issue because Ukraine is not a NATO member.
China is setting on the sideline because China wants to take Taiwan.
The situation is really a big /serious mess.

Yeah China wants Taiwan. It seems to me that Taiwan will not want that and that China would damage Taiwan if they should attack it. After all the Revolution is past. Meanwhile Taiwan produces advanced microchips which everyone needs. That means many countries have a interest in the current state of things. Given old habits the ways that China and Russia have in the past conducted war is very brutal. It seems they do not care much to just avoid civilian deaths for example. At least in the past this has been the case. China still has a long way to go until it really can project their military as s Superpower does.

 

[mrSanders62]

By turning off, You mean bomb the electrical grid into kingdom come.
I for one hope that also includes the lack of juice in Crimea.

it's better to turn off the electricity than to do that

but maybe I'm wrong?

 

[mrSanders62]

Huh? LPG market?

BTW, Russia's offer ( heard bits an pieces, need some more though ) of supply via NS2 is fishy as fuck!
From some of the things I've heard ( and none of this is fact, rather a bit better than rumors ) is that while damage to NS1 is substantial, one of the pipes of the NS2 pair is virtually intact.
So, if the Russian government is kind enough, they could restore a partial flow to Germany and the west.
All they'd have to do is... well, wotever Vladimir Vladimirovics demands.

If any of that is true, one must revisit the question of just who might have damaged the lines in the first place he?

you're paranoid dude. the northern stream was practically not working because of the turbines. and blowing up the second thread of thread 2 is probably not smart. Don't judge people by Hollywood movies

 

[standardparts]

it's better to turn off the electricity than to do that............but maybe I'm wrong?

Damn impressive!----Except most of the Iraq power grid was taken down by graphite bombs that spread fine graphite wire over transmission lines and shorted the system. Remember reading that Iraq's electrical grid was in pretty bad shape to being with so likely it did not take much to fail it.. Graphite bombs were also used in Serbia(?).

 

[Trueturning]

I do think a lot of people can be suspicious of much that is going on. Opec + Saudi has cut production already. Several members of OPEC + are not able to produce much more as they are maxed out as is Venezuela and Iran. Saudi intentionally has enough to rise and reduce the output.

I suppose this does effect Europe and the world greatly. That here in the US we have pulled back somewhat in fossil fuels. How will that work out for us? I think in the short term it will be difficult I know the move to Green is a solid effort and understand the reasons for it - even though I disagree with a lot of overly optimistic promotion of it.

 

[Trboatworks]

I don’t think that production cut is going to work out as planned.

I am holding to this call.
I believe we will see $65-$75 barrel Brent crude futures contracts.

Will post a chart but my service is down just now.

 

[Trueturning]

Do you think it will go much higher? Say maybe $100.00 per barrell?

 

[Trboatworks]

NO!

No no no!

I think it will keep dropping to the low $70/barrel on futures contract Brent crude.

Lol..