EU power could go to 400 Euro/mwh

[biglentil]

Hope you find more accurate information... soon... have a safe harvest...

https://investogist.com/10-eu-countries-quietly-buying-russian-gas-with-rubles/

[ajl]

Alberta Power was $835/mwh this afternoon. Been the least windy summer ever. Since we shut down our coal, we need the wind to blow to get power prices down.

[TOM4CWB]

You shall know the Truth, and the Truth will set you Free.

Knowing the information and ingredients of the volatility is principally key to understanding risk, the wisdom to find solutions that benefit: community, family, and our purpose for waking in each morning.

As A very famous ruler said:
What is Truth?

Balance.

Perspective.

Purpose.

Blessings

PS… I don’t make the judgements… hope to provide useful information for commodity risk management…

[blackpowder]

History will always repeat as long as our brains are built the way they are.
Life threatening situations are needed to remind us of the basic truths.
Ain't cold enough yet.
Wait until they're hungry.

[Hamloc]

Alberta Power was $835/mwh this afternoon. Been the least windy summer ever. Since we shut down our coal, we need the wind to blow to get power prices down.

According to Environmentalists the wind always blows. The unfortunate reality is when the weather is hot and sunny and we need more electricity, there is usually less wind.

[furrowtickler]

The Russians are only at 20% capacity of Nordstream 1... going to 0% [shut it down] on Friday... Putin is shutting down the Natural Gas [to the EU] to put the EU into recession... and retaliate for Russian sanctions.

Simply a fight for their energy dollar..
when are people going to wake up ??
This is all a big war between oil / gas and the greens 🥬. Putin has gone way too far ,no doubt , vast majority agree . But from his prospective, he is teaching Western Europe a lesson … not yet greens , not yet .
Not agreeing with it at all , but the big picture is playing out for all to see

Green or dirty oil …. Their all in the same boat

And the entire world sat back and let it happen, hmmmm

[sumdumguy]

It doesn’t look like the media will allow “people kind” to have the full information so the ship can be turned around. Western culture must learn the hard way, survival of the fittest. (The guy with a few dead trees will be warm this winter).

[TOM4CWB]

It doesn’t look like the media will allow “people kind” to have the full information so the ship can be turned around. Western culture must learn the hard way, survival of the fittest. (The guy with a few dead trees will be warm this winter).

Very Amazing this morning, the Euro/US$ at .99… on Bloomberg talking about going to Euro/US$ .95… as the EU is in recession…

The US Fed is not going to take their foot off the interest rates…. Driving the US $ higher…

The ‘Toxic Brew’ as they are talking about on Bloomberg… inflation will resolve on its own…. .9923… Euro/US$

Cdn$.7678…

The Tear the US$ is on… compounded by the Euro…. Has direct effects on our Grain pricing…

Volatility, the affordability of our grain…

Very interesting times…. So much more than Putin’s revenge…

Rate cuts are very unlikely…. Driving the US$ higher…

[TOM4CWB]

Very Amazing this morning, the Euro/US$ at .99… on Bloomberg talking about going to Euro/US$ .95… as the EU is in recession…

The US Fed is not going to take their foot off the interest rates…. Driving the US $ higher…

The ‘Toxic Brew’ as they are talking about on Bloomberg… inflation will resolve on its own…. .9923… Euro/US$

Cdn$.7678…

The Tear the US$ is on… compounded by the Euro…. Has direct effects on our Grain pricing…

Volatility, the affordability of our grain…

Very interesting times…. So much more than Putin’s revenge…

Rate cuts are very unlikely…. Driving the US$ higher…

[shtferbrains]

I doubt people will freeze to death or starve.

But I do hope some of those chanting climate change wake up some morning and find the shitter frozen solid and come to the realization they are stepping back in time.

[Guest]

I doubt people will freeze to death or starve.

But I do hope some of those chanting climate change wake up some morning and find the shitter frozen solid and come to the realization they are stepping back in time.

Well said !!!!

[TOM4CWB]

Well said !!!!

Russian oil isn’t sanctioned in the EU until December.
Coal from Russia just got sanctioned (cut off) August 15 to the EU.
Putin is playing with the EU like a cat plays with a captured mouse… Putin has shut down 2 of the 3 NG pipelines to the EU himself… playing with Nordstrom 1 shutdowns on Friday. Putin is doing everything possible to embarrass the EU countries… and split them up politically in every way possible…







As Putin has no credibility left in the western world… he also has nothing to loose. Putin is turning to China as his golden ‘ticket’ out of this mess… as after Chinese New Year their economic activity increases… and new home grown Covid vaccines become available to protect particularly the older Chinese population.

Cheers

[TSIPP]

You’re referring to protecting the older people with a new vaxx was a joke, right?

[TOM4CWB]

You’re referring to protecting the older people with a new vaxx was a joke, right?

Apparently the Chinese are working on their own Vaccines that they hope works. This is what was reported, in the above article.