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Thursday, November 4, 2021

European Energy Crisis -- Winter, 2021 - 2021

Winter: Americans forget that cold weather hits Europe up to two months before it hits the US.

Ukraine: is it already running out of energy; and it's not even December, yet? Link here.

UK: another UK energy retailer goes bust; Javier Blas has lost count of how many have gone bust. This time is CNG which supplied 41,000 businesses. Link here. I believe we are well into double-digit the number of electricity providers in the US that have gone bust due to high cost of natural gas. 

EU: woke. Slowly, than all at once, the world is waking up to the absurdity of wind and solar "LCOE" cost -- reliability matters in the real world. Link here

Okay, here's the count: at the start of the year, the UK had 47 domestic natural gas and electricity retailers. Today, that has fallen by nearly half with only 25 suppliers remaining. Link here

Equinor: spiking its natural gas output with butane and propane (which normally are split and sold separately), another example of whatever-it-takes to boost supply to Europe. Link here.

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