Spain's Largest Hydro-Power Plants To Halt Operations As Drought Worsens#water#EnergyCrisis#euhttps://www.bnnbloomberg.ca/drought-forces-one-of-spain-s-largest-hydro-power-plants-to-halt-1.1842645

BNN

Drought Forces One of Spain’s Largest Hydro-Power Plants to Halt

Spanish utility Endesa SA is set to shut down output at the country’s fifth-largest hydropower plant after drought-like conditions caused reservoir levels to fall below the minimum needed to keep it running.

DIESEL SHORTAGE: I’ve been hearing an increased number of reports of diesel outages.

It’s been spotty for the last few weeks, localized issues, but now seems to really be hitting home.

Above is Allentown, PA.

What are you seeing in your neck of the woods?

Are they going to pull the rug after the election?

It’s a good day to top off tanks, charge batteries, rotate supplies, …

#usa #diesel #AbsoluteZero

UK confirms it will not insure ships carrying Russian oil (90% of insurers now)The UK has gone completely mad, as the treasury has confirmed it will not allow any British insurers to cover ships carrying Russian oil from December 5.

By December 5, tanker owners that fly any European Union flag or carry P&I insurance from an EU or UK club can no longer have crude oil onboard that originated in Russia, unless Russia has sold the crude to the buyer at or under a price cap pushed for by G7 members. The US is expected to join the insurance ban shortly meaning more than 90% of the world’s insurers will shun Russian-linked crude tanker business from next month.

[IAF: remember the #AbsoluteZero plan was to eliminate shipping by 2030]

“We continue to stand by Ukraine in the face of Putin’s barbaric and illegal invasion,” UK finance minister Jeremy Hunt said

#shipping

https://splash247.com/uk-confirms-it-will-not-insure-ships-carrying-russian-oil/

Splash247

UK confirms it will not insure ships carrying Russian oil - Splash247

The UK treasury has confirmed it will not allow any British insurers to cover ships carrying Russian oil from December 5. By December 5, tanker owners that fly any European Union flag or carry P&I insurance from an EU or UK club can no longer have crude oil…

Threat of a nationwide strike by U.S. freight railroad workers still looms...

2 unions have rejected a proposed deal with railroads, while 6 have approved it.

Others are still deciding, with votes of the 2 largest rail workers’ unions coming mid-November.

#usa #SupplyChain

“Global societal collapse “ warns 42-year old hedge fund with near perfect record

[So much for the soft landing.]

The world is “on the path to hyperinflation”, which could lead to “global societal collapse and civil or international strife.”
The firm, led by billionaire Paul Singer and Jonathan Pollock, told its clients that “investors should not assume they have ‘seen everything’” just because they have been through the peaks and troughs of the 1987 crash, the dot-com boom, and the 2008 global financial crisis, or previous bear and bull markets.

They added that the “extraordinary” period of cheap money is coming to an end and has “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.”

https://www.marketwatch.com/story/hedge-fund-giant-elliott-warns-looming-hyperinflation-could-lead-to-global-societal-collapse-11667470081

MarketWatch

Hedge-fund giant Elliott warns looming hyperinflation could lead to 'global societal collapse'

Elliott contends markets have not fallen enough yet and the world is hurtling toward the worst financial crisis since World War II.

Germany Backstops Commodity Traders as War Drives Resource Dash

[ IAF: This is basically akin to nationalizing the entire commodities market — so long free market as we dash towards #AbsoluteZero carbon agenda! ]

Germany is offering loan guarantees to commodity trading houses to buy energy and key metals, as Russia’s invasion of Ukraine sparks a global scramble for resource security.

Trafigura Group, the world’s biggest trader of copper, has already agreed to supply German customers with non-Russian metals for the next five years, helped by $800 million in bank credit that’s ultimately guaranteed by the German government. The trading house is now discussing a similar deal for liquefied natural gas, according to people familiar with the situation, and commodity bankers are pitching more deals that would have state guarantees to other traders. [Yeah, I’m sure the bankers would love to pitch many deals with all risk pushed to sovereign! ]

- iceagefarmer

src: https://www.bloomberg.com/news/articles/2022-11-02/germany-backstops-traders-in-war-driven-dash-for-commodities?leadSource=uverify%20wall

#EnergyCrisis #EU #Germany

Bloomberg.com

Germany Backstops Commodity Traders as War Drives Resource Dash

Germany is offering loan guarantees to commodity trading houses to buy energy and key metals, as Russia’s invasion of Ukraine sparks a global scramble for resource security.

UK draws up emergency plan for extended blackouts and resulting crises, & potential undersea cable attacks

The UK government is laying the groundwork for a "worst-case scenario" of week- or longer blackouts.

The “official sensitive” document warns any outage could cause “severe” knock-on disruption to food, transport, water supply, communications and energy sectors.

Plans include prioritizing access to food for the young and elderly, preserving two analog radio stations on backup power, and rationing households by “intermittent access” to grid power.
It could also apply if there is an attack from another state on sub-sea power cables. [!!!]
[IAF: do you have a backup way to cook/heat your home?]
- iceagefarmer

src: https://uk.news.yahoo.com/uk-blackouts-looming-heres-happen-155402344.html

Yahoo News

Are UK Blackouts Looming? Here's What Will Happen In The 'Worst-Case Scenario'

Emergency plans are being drawn up by the government in case there are national power outages.

France trying desperately to restart nuclear reactors, but labor union strike delaying maintenace!

France generates roughly 70% of its electricity from a nuclear fleet of 56 reactors, all operated by EDF. However, many of them have been closed down for maintenance, some due to corrosion-related issues. Currently, only 31 units are reportedly operating. EDF has pledged to restart all shutdown reactors before winter to avoid power shortages in the country.
However, since October 6, there have been strikes among EDF employees involved in repair work at 19 reactors, delaying maintenance by several weeks.
Last month, the French national electricity grid operator RTE warned that it would not rule out the risk of blackouts this winter due to prolonged strikes halting the repair.
[this announcement, as it is revealed that UK was running drills about managing extended blackouts and resulting crises … it is clear what is planned for the #EnergyCrisis]

- iceagefarmer

src: https://www.bignewsnetwork.com/news/273030702/france-to-restart-nuclear-reactors---energy-ministry

Big News Network

France to restart nuclear reactors - energy ministry

Six nuclear units are expected to restart soon following repairs according to the French Energy Ministry Read Full Article at RTcom

Australia: flooding damages $150 million of wheat alone in NSWAgronomists say the grain-growing hub of the north-west is expected to have "conservatively" lost more than 120,000 hectares of wheat that was nearly ready to harvest.

The region also boasts large barley and canola outputs and is in the summer planting window for crops such as cotton and sorghum.

“this ongoing wet weather with flood after flood after flood is just unbelievable."

Unbelievable losses, particularly when the world is already short on #wheat and other grains…

“There are many impacted farmers who will be cash poor and without an income as a result of this flooding, and that has caused widespread economic pain across rural areas,"

- iceagefarmer

source: https://www.abc.net.au/news/rural/2022-10-24/crop-flood-damage-estimates-north-west-nsw/101569484

#GrandSolarMinimum / #WeatherWarfare

www.abc.net.au

Crops a 'complete write-off' as wheat losses pass $150m in flood-hit north-west NSW

The fourth-worst flood in Moree since records began has wiped out more than 120,000 hectares of wheat that was nearly harvest-ready.

Further, search engines have devolved into curated sets of links — this was absolutely openly confirmed by WEF reps working with Google to override results for terms like ‘climate change.’ [video]

With curated search results limiting what an inexperienced user can find, and bots constituting 80% of the tweets on a given topic …

… the internet really is dead.

GET OFFLINE. SPREAD THE WORD. DECENTRALIZE.

— iceagefarmer