brightheron64
Regular
408 messages
joined Apr 2016
It’s fascinating to watch how these sanctions are opening up entirely new perspectives in this brave new world we find ourselves in....
We felt a bit of a sting when similar measures were applied to South Korea, Iraq, or Iran... but seeing the devil manifest now, it turns out the spirit that escaped from "our" bottle was far more elusive than any of us ever imagined.
Gas prices have spiked due to a strike by Norwegian workers
Natural gas prices surged across European markets, driven by fears of supply shortages following a strike by oil workers in Norway and the announced maintenance shutdown of the Russian Nord Stream 1 pipeline. On the Dutch exchange, futures prices climbed to approximately €190 per megawatt-hour, hitting their highest levels since March. By the afternoon, prices had jumped about eight percent compared to Monday's figures.
Supply issues have also flared up in Norway, where oil workers have walked off the job demanding higher wages to keep up with rising inflation. For the moment, it doesn't look like deliveries to other European nations have been hit, but if production stays halted for much longer, exports could definitely take a massive hit.
The strike kicked off overnight, and both unions and company reps are forecasting a 13 percent drop in gas production this week. The petroleum industry association released a statement on Sunday estimating that by Wednesday, production will fall by 292,000 barrels of oil equivalent, which marks a 13 percent decrease.
And that is all there is to say about the strategic planning of our illustrious politicians...