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After weeks of covering the remarkable, record hyperinflation in European gas prices, which have soared to such tremendous levels that protests against the price of electricity across Europe are a daily occurrence , it is hardly a secret to anyone that the cost of living in Europe this winter will be especially miserable, and could be even more miserable if Vladimir Putin decides to throttle gas deliveries to Europe. Of course, Europe’s “green” obsession to fight climate change is also a key contributor to the explosive move in the price, with Deutsche Bank writing today that “if governments are serious about addressing climate change then there will be a huge cost and taxing carbon will be regressive. As such they will have to spend even more to help out lower income households.”
In other words, all those who are have so generously signaled their virtuous desire to fix the climate are about to pay through the nose for the privilege.
A quick big picture recap for those who have missed the biggest move in gas prices in history, here is a quick primer.
Over the past month, European natural gas prices have rallied more than 40% and more than 14% this week – to a record-high 22/mmBtu. While NW European gas inventories are at record-low levels for this time of the year, there have been no significant changes to fundamentals in recent days and the Oct-Jan spread has remained virtually flat in this latest rally. This suggests that current prices reflect not only the tight current balances in NW Europe, but also a growing winter risk premium, which according to Goldman is near $3/mmBtu, to price a probability that regional gas prices will need to incentivize demand destruction and/or attract incremental LNG this winter. This is the equivalent to pricing a 21% probability that TTF rallies to the $32/mm Btu highs observed in JKM earlier this year, when Northeast Asia gas markets were tightened by a cold winter event.
How did we get here? In three words, weather, LNG and, more recently, Russia.
Northwest European gas inventories, currently 24% below average, have […]
Too Few Are Telling the Truth
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), and Instagram profile (never made one), or a TikTok (no thanks, CCO). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would break away. Today, only a handful of other major conservative news outlets have broken away from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
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We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Also, we could use contributions of content. If you write or want to start writing and you share our patriotic, conservative, America First ideology, contact us. The contact form on this and all pages on the site goes directly to me.
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We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
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JD Rucker – EIC