Price of shipping a container across the Pacific .. * last year: $19,000 * earlier this year: $14,500 * now: $3,900.

8% of Dutch growers expect to file for bankruptcy this year due to high energy prices - bloomberg.com/news/articles/…

Russia accounts for 60%+ of the copper, 15%+ of the aluminium and around 20% of nickel on the LME... bloomberg.com/news/articles/…

MUST READ: The speech by EU top diplomat Josep Borrell Fontelles yesterday about the challenges ahead, saying it as it is (or was): "Our prosperity has been based on cheap energy coming from Russia." Full speech: eeas.europa.eu/eeas/eu-ambass… #EnergyCrisis #OOTT #EnergyTwitter

As Joe Biden mulls his response to Saudi Arabia, two reminders from my Bloomberg Opinion column: 1) the world consumes ~100m b/d, and OPEC+ pumps >60% of them 2) for first time in recent history, the West doesn’t have an able-to-deliver friend inside the cartel bloomberg.com/opinion/articl…

bloomberg.com/news/articles/…

Absolute disaster.

reuters.com/business/energ…

🇶🇦🇪🇺 Qatar threatens not to send gas to Europe if the EU imposes a price cap on fuel from Russia - Spiegel “Germany and other EU countries want to replace Russian energy with supplies from Qatar. But Qatar's energy minister is openly saying his gas could end up somewhere else.”

#India: Russia becomes the No. 1 oil supplier in October Russia supplied 946,000 barrels per day of crude to India in October. It accounted for 22% of India's total crude imports, ahead of Iraq's 20.5% and Saudi Arabia's 16%. #oott economictimes.indiatimes.com/news/india/rus…

1/10 of EU crude steel production capacity has already been idled. All zinc smelters have curbed production, and some have shut down. 1/2 of the primary aluminum production has shut down - zerohedge.com/economics/euro…

$1 trillion just to start - bloomberg.com/news/articles/…

))) zerohedge.com/geopolitical/b…

I haven't heard from John for ages, definitely worth reading - - johnhelmer.net/blinken-conced…

When the Twitter account of the US President tweets on an hourly basis that the economy is strong, the banking sector is fine and the future outlook is great, pls understand that those are panic tweets. The opposite is true. The US fake economy and markets are dead. No liquidity.

When the bloodsucking tick is 20 times bigger than the dog, the dog will die. The tick is the Derivatives exposure of the top 4 US banks.

#Bilderberg2023 is on. At a completely locked down Lisbon hotel. Media coverage strictly prohibited. Guests include Stultifyingberg, Kissinger, Palantir's Karp, Pfizer's Bourla, Dutch and Danish PMs. Key item: the Atlanticist war on RICs (Russia, China, India).

The House of Representatives of the US Congress voted to start impeachment proceedings (removal from office) against President Biden (219 in favor, 208 against).

Don’t tell me what to do

THE REST OF THE MEETING WENT WELL...🤣🤣🤣