Forwarded from Ice Age Farmer
Libya declares force majeure on oil exports after weeks of protests and port blockades.
This is major news on its own, but also needs to be considered from Europe's perspective:
- 6% of EU oil & gas imports are from Libya and were just taken off the table.
- 34% of EU oil and 55% of gas comes from Russia, which is being throttled
- Freeport terminal in TX was blown up and cannot send LNG
- UK just announced they'd stop gas exports to EU if there were shortages
- EU and UK are both frantically burning gas just to generate electricity now, instead of storing for the winter ahead!
- Greenhouses, food plants and facilities are ALREADY SHUT DOWN due to the cost of energy β and somehow things keep blowing up! This is an absolute CONTROLLED DEMOLITION.
Europe is being strangled !!
If you aren't already growing food, join @iaf_garden and the other Ice Age Farmer groups!
#eu #EnergyCrisis #FoodShortage
This is major news on its own, but also needs to be considered from Europe's perspective:
- 6% of EU oil & gas imports are from Libya and were just taken off the table.
- 34% of EU oil and 55% of gas comes from Russia, which is being throttled
- Freeport terminal in TX was blown up and cannot send LNG
- UK just announced they'd stop gas exports to EU if there were shortages
- EU and UK are both frantically burning gas just to generate electricity now, instead of storing for the winter ahead!
- Greenhouses, food plants and facilities are ALREADY SHUT DOWN due to the cost of energy β and somehow things keep blowing up! This is an absolute CONTROLLED DEMOLITION.
Europe is being strangled !!
If you aren't already growing food, join @iaf_garden and the other Ice Age Farmer groups!
#eu #EnergyCrisis #FoodShortage
Oil Price
Libya Declares Force Majeure On Oil Exports
Libyaβs National Oil Corporation (NOC) declared force majeure on crude exports from its oil terminals amid continued blockades of production and ports, which have severely crippled Libyaβs oil exports