I don't know if folks recall but just as crude oil was starting to surge again back in mid-to-late November, 2021, WTI trending toward $80, out of the blue, out of thin air, all of a sudden, the WHO (run by the Chinese) notes/finds/announces a new variant of Covid-19; traders panic, and crude oil plummets. The sudden drop in the price of oil, just as heating oil was desperately needed for winter just around the corner, was incredibly fortuitous for China. It was obvious what was going on and I mentioned it on the blog.
Well, here we go again. TFF = Netherlands. Energy prices in Europe surging. What to do about surging prices?
Link here. Here we go again.
"Lockdowns significantly lower electricity consumption. Higher residential consumption greatly offset by lower industrial consumption. Is this the real reason behind the European lockdown push? European energy policy is paralyzing Europe while Omicron has barely been felt." https://t.co/4YQXP6YHac" /
Also from twitter:
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