Hello John and Doves,
Seems the world is facing coming
energy shortages and global fuel shortages. We thought supply chain problems, import problems
were winding down and the world was beginning to recover
from Covid. Not hardly. This energy crisis is
hitting the world hard. This is Part 2 and may be
far worse than Part 1. And the weather this winter
will have a HUGE effect on how bad and how wide spread
this energy crisis will become.
"Countries around the world are
feeling the brunt of the global energy crisis. Some
Chinese provinces are rationing electricity, Europeans are
paying exorbitant prices for liquefied gas and Lebanon has
run out of centrally-generated electricity.
Furthermore, India is close to running out of coal and in
the United States, the price of a gallon of regular gasoline
was $3.25 on Friday, up from April's $1.27."
"....the sudden
energy crisis is putting a strain on supply chains and
stirring geopolitical tensions." This affects food
prices and pushes up inflation. And this may last a
lot longer than many had hoped.
"Governments are
scrambling to get subsidies in place to avoid a
tremendous political backlash...There's a pervasive
anxiety about what may or may not happen this winter,
because of something we have no control over, which is
the weather."
"Some Chinese provinces are
rationing electricity due to the crisis." China is
facing its worst electricity crisis in ten years...many
cities have been hit with blackouts and factories have
closed or are running only a couple of hours per week.
This has affected mobile networks also. The rising
coasts of coal has hurt power stations. Shop owners
are using candles in the blacked out areas. Sixteen
provinces are avoiding full-blackouts by rationing
electricity. Some Chinese coal mines have been ordered
to increase production. And China is the world's
biggest purchaser of natural gas - but stockpiles haven't
kept up with demand.
If Chinese factories cut back -
this could effect global prices of steel and aluminum.
"In Lebanon...there is no
centrally-generated electricity after the country's two
biggest power stations shut down due to a fuel shortage,
plunging six million people into darkness."
The EU is seeing
an increase in energy use as it tries to recover from
Covid. And has asked help from Putin to increase gas
supplies to the EU...unfortunately the EU is stuck with
Russia as its second largest supplier of gas. Norway
is the first. Russia could put a strangle hold on
Europe. "Tensions are also rising
within the EU with leaders at odds over how to respond to
the crisis." "Europeans are paying exorbitant prices
for liquefied gas..."
All of this is allowing those who
want 'green' energy to push for a break with fossil fuels.
Shortages have multiple reasons
- Mismanagement. The push to recover from Covid
- increasing energy demands. High costs of
gas/oil/coal due to Covid shutdowns. Scarcity of raw
materials, like coal. Imported supplies are drying
up. With huge price increases. Supply chains
have been broken. Freight prices have skyrocketed.
This global energy crisis is
slamming countries around the world!
The U.S. will be directly affected
by shutdowns in China - the U.S. gets 97% of its antibiotics
from China, for starters. Lots of our drugs come from
China. And 42% of all of US imports come from China -
textiles, plastics, metals, rubbers...along with machinery
and electrical like kitchen mixers, laser printers.
Companies like Whirlpool and Conair rely heavily on Chinese
manufacturing.
What
Does the US Import from China? Import Data & 2021
Statistics
And energy problems seen in Europe
will spread across the world. As natural gas prices
are pushed up further by demand in Europe (especially if
this winter is a bitterly cold one), this will raise prices
in other countries.."Economies that can't afford the fuel -
such as Pakistan or Bangladesh - could simply grind to a
halt." "If the winter is actually cold, my concern is
we will not have enough gas for use for heating in parts of
Europe,"....
Europe’s
Energy Crisis Is About to Go Global as Gas Prices Soar -
Bloomberg
These 'local' energy crisis spread
affecting other parts of the world...like a domino effect.
Under President Trump, the United
States was energy independent. Then Biden and various
governors put out EOs and various bills that slammed
drilling, exploration, production, adding higher taxes, more
regulations, etc....leaving the U.S. with rising prices for
natural gas and dependence on OPEC crude oil...again.
Big
Oil blasts Biden for turning to OPEC for more crude - CNN
U.S. exports of gas are preventing
the U.S. from replenishing it's emergency storage
levels. This will hurt U.S. consumers who are already
feeling the price hikes for natural gas.
This winter may well bring a "dark
winter" to the world.
Pray for the peace of Jerusalem!
Maranatha!
Chance