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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (1372215)8/28/2022 12:38:45 PM
From: Broken_Clock1 Recommendation

Recommended By
Winfastorlose

  Read Replies (1) | Respond to of 1579124
 
Biden imposed sanctions on non-communist Russia...and brought back Communism...in Poland!

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"This Is Beyond Imagination": Polish Homeowners Line Up For Days To Buy Coal Ahead Of Winter

by Tyler Durden

Sunday, Aug 28, 2022 - 03:55 AM

Several weeks ago we reported that amid Europe's mindblowing gas and electricity prices, Deutsche Bank predicted that a growing number of German households will be using firewood for heating, a forecast which appears to have become self-fulfilling as German google searches for firewood ("brennholz") had since exploded off the charts:

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But while Germans are still "searching" merely in the virtual realm, for countless Poles the search is all too real.

According to Reuters, with Poland still basking in the late summer heat, hundreds of cars and trucks have already lined up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel ahead of the coming cold winter in queues reminiscent of communist times.

Artur, 57, a pensioner, drove up from Swidnik, some 30 km (18 miles) from the mine in eastern Poland on Tuesday, hoping to buy several tonnes of coal for himself and his family.

"Toilets were put up today, but there's no running water," he said, after three nights of sleeping in his small red hatchback in a crawling queue of trucks, tractors towing trailers and private cars. "This is beyond imagination, people are sleeping in their cars. I remember the communist times but it didn't cross my mind that we could return to something even worse."

Artur's household is one of the nearly 4 million in Poland that rely on coal for heating (granted, these households are probably in better shape than the ones relying on nat gas whose price is rising by 10-20% every day and is now almost literally in the stratosphere) and now face shortages and price hikes, after Poland and the European Union imposed an embargo on Russian coal following Moscow's invasion of Ukraine in February. Poland banned purchases with an immediate effect in April, while the bloc mandated fading them out by August.

While Poland produces over 50 million tonnes from its own mines every year, imported coal, much of it from Russia, is a household staple because of competitive prices and the fact that Russian coal is sold in lumps more suitable for home use.

Soaring demand has forced Bogdanka and other state-controlled mines to ration sales or offer the fuel to individual buyers via online platforms, in limited amounts. Artur, who did not want to give his full name, said he had collected paperwork from his extended family in the hope of picking up all their fuel allocations at once.

The mine planned to sell fuel for some 250 households on Friday and would continue sales over the weekend to cut waiting times, Dorota Choma, a spokeswoman for the Bogdanka mine told Reuters. The limits are in place to prevent hoarding and profiteering on the black market, or even selling spots in the queue, Choma said.

Like all Polish coal mines, Bogdanka typically sells most of the coal it produces to power plants. Last year, it sold less than 1% of its output to individual clients so lacks the logistics to sell fuel directly to retail buyers.

Lukasz Horbacz, head of the Polish Coal Merchant Chamber of Commerce, said the decline in Russian imports began in January when Moscow started using rail tracks for military transport.

"But the main reason for the shortages is the embargo that went into immediate effect. It turned the market upside down," he told Reuters. A spokesman for the Weglokoks, a state-owned coal trader tasked by the government to boost imports from other countries declined to comment, while the climate ministry was not available for comment. Government officials have repeatedly said Poland would have enough fuel to meet demand.

In recent years, Poland has been the most vocal critic of EU climate policy set by a petulant Scandinavian teenager, and a staunch defender of coal that generates as much as 80% of its electricity. But coal output has steadily declined as the cost of mining at deeper levels increases. Coal consumption has held mostly steady, prompting a gradual rise in imports. In 2021, Poland imported 12 million tonnes of coal, of which 8 million tonnes came from Russia and used by households and small heating plants.

In July, Poland ordered two state-controlled companies to import several million tons of the fuel from other sources including Indonesia, Colombia and Africa, and introduced subsidies for homeowners facing a doubling or tripling of coal prices from last winter.

"As much as 60% of those that use coal for heating may be affected by energy poverty," Horbacz said.

Back at Bogdanka, Piotr Maciejewski, 61, a local farmer who joined the queue on Tuesday, said he was prepared for a long wait. "My tractor stays in line, I'm going home to get some sleep," he said.



To: Brumar89 who wrote (1372215)8/28/2022 12:39:52 PM
From: Broken_Clock1 Recommendation

Recommended By
Winfastorlose

  Read Replies (1) | Respond to of 1579124
 
Joe Biden...bringing famine to your dinner table(10% to the Big Guy!"

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Wave Of European Ammonia Plant Closures To Exacerbate Food Crisis

by Tyler Durden

Sunday, Aug 28, 2022 - 02:45 AM

A wave of European ammonia-plant shutdowns due to soaring natural gas prices has resulted in a devastating fertilizer crunch, worsening by the week, with as much as 70% of production offline.

"Ammonia prices, though volatile, rose 15% in 3Q and could climb higher as Europe's record gas prices curtail output and send ammonia producers to the global market in search of replacement supplies to run upgrade facilities -- with winter still around the corner," Bloomberg Intelligence's Alexis Maxwell wrote in a note.

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As of Friday, 70% of capacity is offline across the continent, according to Fertilizers Europe, representing top regional producers.

"The current crisis begs for a swift and decisive action from EU and national policymakers for both energy and fertilizer market," Jacob Hansen, director general of Fertilizers Europe, said in a statement.

Producers from Norway's Yara International ASA to CF Industries to Borealis AG recently reduced or halted production because European NatGas prices hit a record high of 343 euros per megawatt hour, making it uneconomical to operate.

"We confirm we are reducing and stopping production of some fertilizer plants in the different EU sites and this for economic reasons," a spokesperson for Borealis AG said.

Europe's benchmark NatGas price soared nearly a third this week as Russian supplies to Europe via Nord Stream 1 pipeline have been reduced to 20% over the summer and face a temporary halt on Aug. 31 for three days.

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The region's fertilizer industry association warned the energy crisis is rippling across many industries and could heavily impact the food industry.

"We are extremely concerned that as prices of natural gas keep increasing, more plants in Europe will be forced to close.

"This will switch the EU from being a key exporter to an importer, putting more pressure on fertilizer prices and consequently affecting the next planting season," said Maximo Torero, chief economist at the United Nations Food and Agriculture Organization.

The closure of fertilizer producers across Europe lifted Mosaic and CF Industries as some of the top advancers in the S&P 500 Index on Friday, rising 16% and 15%, respectively, on the week.

[url=][/url]

Bloomberg Intelligence's Maxwell said "cascading supply-side shocks" could keep fertilizer prices elevated well into 1H23 and may pressure farmers in the upcoming growing season, adding to even more food inflation as less fertilizer equals smaller harvests.

Remember, the world's largest fertilizer company warned supply disruptions could extend into 2023.

The picture is becoming more apparent that Europe's energy crisis and much of its fertilizer capacity offline will have severe consequences for the food industry in the growing season ahead -- leaving some to believe a global food crisis is only just materializing.



To: Brumar89 who wrote (1372215)8/28/2022 12:44:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 1579124
 
Joe Biden..."Let's have another Chernobyl!"

A Journalist Finally Asks The QuestionDuring a Special Online Briefing on Thursday with U.S. Ambassador Denise Jenkins, the Under Secretary for Arms Control and International Security at the State Department, Dmitry Kirsanov, from Russia's TASS News Agency, asked her who was shelling the plant. Here is the relevant part of the transcript.

MODERATOR: Thank you, ma’am. The next question, again, to a journalist who is raising their hand from Dmitry Kirsanov, who is from the TASS News Agency.

QUESTION: Hi. Thank you for doing this. Can you hear me okay?

MODERATOR: Yes, we hear you.

AMBASSADOR JENKINS: Yes.

MODERATOR: Good morning, Madam Secretary. I have two separate questions. First, who is shelling the station? And secondly, while we have you here, could you update us on the talks or consultations or discussions, if you prefer, between the Russians and the Americans on the New START, on the issues pertaining to the inspections resumption? Thank you so much.

AMBASSADOR JENKINS: I’m not able, at this point, to make any confirmation about the shelling and where it’s coming from.

Bear in mind that the United States has been surveilling the Ukraine via satellites and aircraft since before Russia invaded. One would think that if the Russians were shelling the Zaporizhzhia Nuclear Power Plant (despite having their troops stationed there), and falsely accusing the Ukrainians of doing it, Ambassador Jenkins or one of her colleagues would be quick to refute the Russians by showing satellite- or surveillance aircraft-gathered evidence of artillery hitting the plant from Russian-controlled territory.

On the other hand, if the Ukrainians are shelling the largest nuclear power plant in Europe with American-supplied artillery, you'd think someone in the U.S. government would ask them to cut it out.