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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (189735)	7/11/2022 4:46:52 AM
From: Maurice Winn	4 Recommendations Recommended By 3bar Arran Yuan kingfisher SirWalterRalegh Read Replies (2) \| Respond to of 219417

The EU wants to import as much African gas as it can, but doesn’t want to fund projects that would allow the world’s poorest continent to burn more of the fuel at home. I want to import Nigeria oil, and coffee beans from Africa but don't want to fund exploration and production in Nigeria or provide free coffee factories in Africa so that the local yokels have free stuff at my expense. I'm happy to buy oil from Nigeria but I don't want to invest there because they'll steal my refinery or the products from it. How is that hard to understand? When the great and glorious British Empire ruled several countries in Africa, they DID fund projects that allowed the locals to buy the products too. But when Mugabe attacked the Euros and stole their property, the English stopped investing in what he decided to call Zimbabwe instead of Rhodesia [named I assume after Cecil Rhodes]. Similarly, in India, the great and glorious British Empire invested megatons of money in India and exported industrial production there, building railways and all sorts, which the locals also worked at and could buy too. After evicting the British and nationalizing aka confiscating assets, it's not surprising that foreigners are loathe to invest to be robbed again. Singapore got very rich by not robbing foreign people, so the Singaporeans are now top of the pops in wealth. Same for Hong Kong. Robbery is not a good way to be wealthy though it remains very popular, especially by voting to rob people who produce - legalized theft is still theft and not good in the long run. Mqurice

To: TobagoJack who wrote (189735)	7/11/2022 5:49:45 AM
From: TobagoJack	Read Replies (1) \| Respond to of 219417

(49) bloomberg.com Gazprom Curtails Gas Flows to Italy by One Third in Further Cut Alberto Brambilla 11 July 2022, 16:20 GMT+8 The ENI SpA headquarters office building seen through trees in Rome. Photographer: Alessia Pierdomenico/Bloomberg Russia’s Gazprom PJSC will further cut gas supplies to Italy by about one third, the country’s energy giant Eni SpA said in a statement Monday. Gazprom announced that it will supply Eni with approximately 21 million cubic meters of natural gas per day, compared to an average of about 32 million cubic meters per day over the last few days. The one-third cut will further reduce gas supply that has already been curtailed by as much as a half since mid June. It comes as Italy battles with drought and a heatwave that are hitting power generation and as the country struggles to fill storages for the winter. Russian natural gas shipments to Europe via the Nord Stream pipeline to Germany are due to stop on Monday because of planned annual maintenance, but European leaders have voiced concern that Russia may shut off gas deliveries in retaliation for sanctions over its invasion of Ukraine. Read More: Europe Gas Falls as Return of Key Pipeline Part May Ease Tension Italy’s gas storage sites are now about 60% full and the government has introduced measures, including a 4-billion-euro ($4 billion) loan, to speed up the filling process. Prime Minister Mario Draghi’s government is trying to diversify supply to cut reliance on Russian gas. If Moscow were to halt deliveries altogether, Italy would face a recession, Bank of Italy Governor Ignazio Visco warned last week.