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Wednesday, April 20, 2022

Demand Destruction? Oh, Give Me A Break -- April 20, 2022

Javier and I must be on the same page on this one.

Link here

2 comments:

  1. then there's this:
    Cash-Strapped Pakistan Cuts Power to Households on Fuel Shortage - Pakistan is cutting electricity to households and industry as the cash-strapped country can no longer afford to buy coal or natural gas from overseas to fuel its power plants.The South Asian nation is struggling to procure fuel from the spot market after prices of liquefied natural gas and coal surged to records last month as the war in Ukraine exacerbated supply shortfalls. Pakistan’s energy costs more than doubled to $15 billion in nine months ended February from a year earlier, and it isn’t able to spend more on additional shipments.

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    Replies
    1. Simply amazing; pretty sad. I've moved the comment to an update at this post with similar examples:

      https://themilliondollarway.blogspot.com/2022/04/energy-round-up-april-21-2022.html.

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