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

To: Wharf Rat who wrote (1385196)	12/29/2022 1:21:16 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 1583512

Thanks, Brandon. European natural gas prices return to pre-Ukraine war levels PUBLISHED THU, DEC 29 20224:19 AM EST Elliot Smith @ELLIOTSMITHCNBC CNBC.com KEY POINTS --Front-month natural gas futures on the Dutch Title Transfer Facility (TTF), the benchmark contract in Europe, plunged in recent weeks to bottom out below 77 euros ($81.91) per megawatt hour. - At their peak in August, European gas prices topped 345 euros/MWh as Russia’s weaponization of its natural gas exports to the rest of the continent in response to punitive EU sanctions, and sky-high temperatures over the summer, drove up demand while constricting supply. LONDON — European natural gas prices fell this week to levels not seen since before Russia’s invasion of Ukraine. Front-month natural gas futures on the Dutch Title Transfer Facility, the benchmark contract in Europe, plunged in recent weeks to bottom out below 77 euros ($81.91) per megawatt hour, a level not seen since February — prior to the beginning of a full scale war in Ukraine. As of Thursday morning, they were trading at around 81.5 euros. At their peak in August, European gas prices topped 345 euros/MWh as Russia’s weaponization of its natural gas exports to the rest of the continent in response to punitive EU sanctions, and sky-high temperatures over the summer, drove up demand while constricting supply. The spiking prices sent household energy bills soaring and have fueled a cost-of-living crisis across much of the continent. However, unseasonably warm weather through winter in much of northwest Europe has reduced demand for heating and allowed the continent to replenish its gas inventory following drawdowns during several cold snaps over the last few months. Goldman Sachs in November predicted a sharp fall in European gas prices in the coming months as nations gained a temporary upper hand on supply issues. “As a rule of thumb, a rise or fall in gas prices by €100 per MWh changes the gas bill of the euro zone economy — at 2021 gas consumption — by an amount equal to almost 3% of GDP once households and consumers have to bear the full costs of the change in gas prices,” Berenberg Chief Economist Holger Schmieding explained in a note last month. “As the EU imports some gas under longer-term fixed-price contracts, the actual impact on the gas import bill is not quite as pronounced ... but as electricity prices are still largely linked to gas prices, the total pain of high gas prices — and the relief from any correction — may be more pronounced than the rule of thumb suggests.” The European Union last week agreed upon a temporary mechanism to limit excessive gas prices, which comes into force on Feb. 15. The “market correction” mechanism will be triggered automatically if the front-month TTF price exceeds 180 euros/MWh for three consecutive days, and if it deviates by 35 euros or more from a reference price for global LNG (liquefied natural gas) over the same three days. European natural gas prices return to pre-Ukraine war levels (cnbc.com)

To: Wharf Rat who wrote (1385196)	12/30/2022 4:38:37 AM
From: IC720	2 Recommendations Recommended By golfer72 Maple MAGA Read Replies (1) \| Respond to of 1583512

It’s Snowing in Middle East for First Time in History COMMENT: Mr. Armstrong, I just wanted to inform you as a loyal reader of your blog, it is snowing here in Kuwait for the first time in history. Your computer is the only non-passionate forecaster I have ever encountered. It relays just the facts without an agenda. Thank you so much. You have a large group of supporters here in the Middle East. SBB REPLY: This entire climate change agenda is a hoax. They are not interested in the truth. This is about using climate to restructure society into the one-world order which is why they are supporting Ukrainian Nazis that follow the same beliefs as Adolf Hitler. We have turned 180 degrees from our basic fundamental values. I am deeply concerned that by calling this global warming and now they are experimenting with shooting particles into the atmosphere to “cool” the planet, we may be pushing ourselves into an ice age much faster than anyone suspects. Napoleon was defeated by a Volcanic Winter. These people are risking the entire planet for several volcanoes erupting, and we may not survive by deliberately shooting particles into the atmosphere. All of this is because our current debt system cannot be sustained.