The coming COP26 conference in Glasgow will not provide the answers to the energy crisis that we all need
What if the price of energy gets prohibitively high—a price where it bankrupts companies? What if there is no energy available at any price? Won’t the politicians’ blame the energy companies and enact excess profit taxes, further disincentivizing production? Who wants to produce energy when you’re the enemy? What if the feed-back doom-loop continues, much like in 2008, but it just keeps on going with no end in sight? What if the tone-deaf billionaires cheer it on? When climate becomes a religion, logic is no longer utilized.
What if the coming energy crisis is the first crisis that the Fed will not be able to fix? If anything, more liquidity will simply cause greater demand for energy, at a time when none is available. What if the Fed is ultimately forced to reverse course and raise rates prohibitively high to reduce energy demand?
Over the past few weeks, we’ve seen the first few signs of the coming crisis. Various countries ran out of energy. These were regional problems with regional causes. However, the underlying problem was the same—they reduced the “carbon economy” before they had sufficiently built out the “green economy.” Oddly, these warning signs have mostly been ignored, with the countries most afflicted, focused on continuing to purge traditional energy sources.
When nations ignore a brewing crisis and focus on making it worse, it is likely to get worse, a whole lot worse. I suspect that the coming energy price moves will stun everyone—including myself. When there is no solution to the problem and the politicians are causing the problem, market participants will panic. If the Fed is now against the speculators, as opposed to backstopping them, it will get wild. It seems increasingly likely that a crisis is brewing as energy prices scream out of control.
I have been a bit early in calling for the end of the Ponzi Sector, but I have never wavered one bit in what would do it in. Inflation is coming. It will be driven by energy inflation. It will shred the Ponzi Sector. In the not-too-distant future, we will have a moment where oil goes parabolic and the NASDAQ detonates. This isn’t a tomorrow thing, but it may not be far off, unless there is a dramatic course change.”
AND this manufactured energy crisis is exemplified by India’s problems in this short article. “Delhi could face a power crisis. I am personally keeping a close watch over the situation. We are trying our best to avoid it. In the meanwhile, I wrote a letter to Hon’ble PM seeking his personal intervention,” he tweeted.
Jain went on to complain that the crisis is manufactured because screeching liberals in the U.S. and throughout the West are pushing unintelligent political leaders to wean their countries off of affordable, plentiful fossil fuels without having the resources and infrastructure in place (or the technology) to produce an equal amount of power using renewables. The issue of not having enough coal in India is “a man-made crisis, just as the crisis of medical oxygen supplies during the COVID second wave,” he said.
THE RUSH to offset the climate change agenda with renewables is flawed as this article explains: “The current gas, coal, and power crisis in Europe and Asia is also set to accelerate oil demand recovery in the winter if gas-to-oil switching becomes more widespread. By early 2022, demand for all fossil fuels is expected to have reached or exceeded pre-pandemic levels, highlighting the challenges of the energy transition to secure reliable – and preferably affordable – energy for the world.
SO – what is really behind all this artificial manoeuvring? Could it be preparation for the coming Central Bank Digital Currency (CBDC) initiative? Here is an article with some short videos explaining what might be happening.
“Why would our governments push whole sections of our economy into ruin? Who benefits from all this? Is there any other picture than the simple enrichment of some at the expense of others? In practice, Blackrock, Vanguard and State Street impose their choices on governments for maximum profit. The following video on Blackrock sums up their modus operandi perfectly”.https://theexpose.uk/2021/10/14/why-would-our-governments-want-to-ruin-the-economy/
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