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Poland rejects Ukraine’s proposal to end grain embargo crisis

BY GRZEGORZ ADAMCZYK | DZIENNIK.PL | SEPTEMBER 29, 2023

On Sept. 27, Ukrainian Deputy Minister of Trade Taras Kachka said that if Poland, Hungary and Slovakia guarantee that they will not impose unilateral limits on Ukrainian products in the future, Ukraine will be able to withdraw its complaint from the World Trade Organization (WTO).

Piotr Muller, the Polish government’s spokesman, told the conservative TV station Republika on Sept. 28 that the Ukrainian proposal for withdrawing the WTO complaint is unacceptable because “Ukraine is in fact proposing that its food products should be able to enter without any limits being set.”

He added that “the embargo will continue until we are satisfied that the import of Ukrainian products will not negatively impact our agricultural markets, and that is not likely in the near future.”

Muller also said that Poland was ready to discuss the matter with Ukraine but that “for the time being the embargo remains in force.” However, he felt that Ukraine withdrawing the complaint it filed with the WTO would be a positive development, “showing that Ukraine wants to negotiate with partners rather than confront them with lawsuits.”

On Sept. 26, the agriculture ministers from the Visegrád Four states — Poland, Hungary, Czechia and Slovakia — held a meeting in Znojmo, Czechia, at which they held a teleconference with the Ukrainian Agriculture Minister Mykola Solsky.

The four ministers agreed that the withdrawal of the complaint made to the WTO would facilitate better relations, but the Ukrainian minister did not answer Polish Deputy Agriculture Minister Robert Bartosik’s question about whether Ukraine would cancel its lawsuit.

On Sept. 18, Kyiv filed a complaint with the WTO against Poland, Hungary and Slovakia for the imposition of unilateral embargoes on Ukrainian grain, which the three EU member states imposed in defiance of the European Commission’s decision to lift the grain embargo that was in place between May and Sept. 15 of this year.

September 29, 2023 Posted by | Economics | , , , | Leave a comment

Hungary sets condition for further Ukrainian aid from Brussels

RT | September 29, 2023

Budapest will block further EU aid to Ukraine if Kiev doesn’t account for the money it has already received from Brussels since the start of the conflict with Russia, a senior Hungarian government official has said.

“There are many technical ways to finance Ukraine and also help in the humanitarian field,” said Gergely Gulyas, the head of the Hungarian Prime Minister’s Office. He told a briefing on Thursday that Hungary had no objections to individual EU countries providing assistance to Kiev.

He said unanimity would be required regarding any changes to the EU budget, however, which is currently “on the table for amendment.”

Budapest will make sure that Ukraine “will not receive a single penny of new aid” if it can’t account for the funds it has already been given by the EU, Gulyas insisted.

In June, European Commission President Ursula von der Leyen requested an increase of €66 billion ($69.9 billion) for the EU’s long-term budget, which includes €17 billion (around $18 billion) for providing grants for Ukraine.

According to EU data, the bloc and its individual members have supplied Kiev with more than $88 billion in financial, military, humanitarian, and refugee assistance since February 2022.

It’s “absurd and embarrassing” that Brussels keeps withholding EU funds from Hungary while looking for ways to find more money for Ukraine, Gulyas said.

“Let’s hope it’s not because the money was spent on something else, God forbid it was given to a country outside the EU,” he added.

The bloc suspended around €7.5 billion ($7.9 billion) of funds allocated to Hungary in 2022 over what it called rule-of-law concerns.

Hungarian authorities have taken a balanced approach to the conflict between Moscow and Kiev. While supplying humanitarian aid, Budapest has refused to send arms to President Vladimir Zelensky’s government. Hungary has also consistently called for a peaceful settlement to the crisis and criticized sanctions imposed by Brussels on Moscow, arguing that they were hurting the EU more than Russia.

September 29, 2023 Posted by | Corruption, Economics, Militarism | , , | Leave a comment

Orban: EU May Have Given Hungarian Money to Ukraine

Sputnik – 29.09.2023

BUDAPEST – Hungarian Prime Minister Viktor Orban has indicated that some of the EU funds that Brussels is supposed to allocate to Budapest may already have been transferred to Kiev.

The European Union froze over €6 billion designated for Hungary last September due to alleged political concerns. However, Hungarian PM Orban insists that Hungary has met all the EU’s requirements and that the funds were rather used to back the Kiev regime.

“It is possible that some of it [the money] is already in Ukraine. If there is no money to give Ukraine the sums promised before, and we promise to give new sums, and there are people who haven’t received the money, it is reasonable to assume that this money is already gone. We don’t know for sure because Brussels is not clear about it,” Orban said on a Hungarian radio station.

He added that Brussels owes Hungary “more than three billion euros” because Budapest “paid everything that had to be paid.”

“In terms of the Hungarian budget, this is a significant amount,” the prime minister stressed.

Earlier, Gergely Gulyas, the current head of the prime minister’s office, said that Ukraine would not receive any EU budget funds until Hungary gets its rightful share, as unanimous support is necessary to adjust the EU budget.

Earlier, European Commission President Ursula von der Leyen proposed increasing the EU’s budget for 2024-2027 by €66 billion to support Ukraine, migration and refugee programs, as well as improve competitiveness. The proposal includes €50 billion in grants and loans over the next four years. Orban dismissed this proposal, citing uncertainty about the funds already sent to Ukraine.

In September 2022, the European Commission froze EU funds earmarked for Hungary, withholding some €7.5 billion and citing Budapest’s alleged violation of EU rules.

In December 2022, the EU countries agreed to reduce the withheld funds to €6.3 billion. In exchange, Hungary agreed to lift its veto on several issues of European politics.

The Hungarian prime minister said that the EU is withholding funds from Hungary to influence its positions on migration, sex education, and sanctions. However, Hungary remains steadfast in its stance on these issues, anticipating continued pressure from the EU.

For his part, Hungary’s Foreign Minister Peter Szijjarto stated that the country must be prepared for serious attacks from the EU because “Brussels and the liberal propaganda machine” are not selective in their means and use all forms of blackmail against Budapest.

September 29, 2023 Posted by | Economics, Militarism | , , | Leave a comment

US Aid to Ukraine May Dry Out, But Not Because of House GOP

By Ekaterina Blinova – Sputnik – 27.09.2023

The US may run out of money to support Ukraine “in a few weeks,” National Security Council spokesperson John Kirby has warned. However, it’s not the potential government shutdown that could shrink the Ukrainian aid, former Pentagon analyst Karen Kwiatkowski has told Sputnik.

The Biden administration wants the US Congress to pass a $24 billion package for Ukraine along with other spending initiatives as soon as possible. Washington has already committed over $110 billion in Ukraine assistance to date.

While House Republicans appear skeptical about further financial and military assistance to the Kiev regime, which has failed to succeed with its summer counteroffensive, House Speaker Kevin McCarthy proposed to pass a stopgap measure to avoid a looming government shutdown. September 30 is the deadline. GOP lawmakers have signaled that they won’t include any funds for Ukraine in their stopgap bill.

On September 22, Ukrainian President Volodymyr Zelensky visited Capitol Hill to lobby for a hefty multi-billion package. Even though McCarthy (unlike his predecessor Nancy Pelosi) did not provide the Ukrainian president with an opportunity to address the House, he held a conversation with Zelensky.

The day after the meeting with Zelensky, McCarthy told reporters in the Capitol that he had decided to keep the $300 million in Ukraine aid in the Pentagon funding bill, adding that another spending measure set for the State Department and foreign operations would also include money for Kiev. The development is by no means surprising, according to retired US Air Force Lt. Col. Karen Kwiatkowski, a former analyst for the US Department of Defense.

“The Pentagon has stated that Ukraine funding and aid would continue unabated by any government shutdown, and this includes the payment of salaries for tens of thousands of Ukrainian government employees and bureaucrats – even as paychecks for US government employees, and bureaucrats can and likely would be held back in the event of a shutdown,” Kwiatkowski told Sputnik. “I think this is a Pentagon and administration attempt to remove the ability of the Congressional GOP Freedom Caucus to argue that they desire to pay American salaries, before they pay Ukrainian ones – by saying we (the Biden admin) are paying Ukrainian salaries no matter what you (the House America First-types) do.”

When it comes to the larger $24 billion package, the former Pentagon analyst has a sense that “if serious negotiations are forced on Speaker Kevin McCarthy, they will find a way to reduce this amount, or to separate this aid out for separate and subsequent Congressional consideration.” The Biden administration has publicly promised this aid to Ukraine, but they do not control the appropriations – the House does, she emphasized.

“However – the Pentagon could simply provide it to Ukraine using a recalculation ‘trick’ and devaluing of past aid in the amount of $24 billion. I give this a 50% chance of happening in some way,” Kwiatkowski said.

For example, in late June, the Pentagon said that it had overestimated the value of the arms it supplied to Kiev by $6.2 billion over the past two years. Four weeks earlier, the US Department of Defense cited an accounting error of at least $3 billion. Eventually, the “surplus” simply went back into the Pentagon’s pot allocated for Ukraine within the president’s drawdown authority (which allows providing Kiev with weapons directly, without Congressional approval).

“I think there is a good chance Ukraine will be able to wring out much of the promised $24 billion – but that the political battle, here in the US, to make that happen will reveal much to Congress and the American people about both the shady accounting ‘principles’ of the Pentagon and the honest situation in Ukraine,” Kwiatkowski said.

Still, trouble is brewing for Kiev: it seems like many in Congress on both sides of the political aisle are beginning to understand the practical and political need for Kiev and Washington to end the conflict immediately, according to the former Pentagon analyst.

She suspects that “the truth about the terrific loss on the battlefield and in Ukrainian military capability in the past 18 months is getting to the various committees in both the House and the Senate.”

“It appears that many otherwise hawkish Congressmen and Senators want to put Ukraine behind them politically, and develop massive new spending for some idea of ‘containing’ China in the Pacific,” the retired lieutenant colonel pointed out. “If the CIA and DIA are influencing our Congress, which they do by design, we may see Ukraine aid one-for-one shifted to that China ‘effort’ as part of a negotiation. The cold reception of Zelensky in US political circles portends that much of Congress wishes to extricate themselves from the dangerous proxy war Biden and his advisors, left over from the Obama days, have contrived, and incidentally, have lost.”

In August, a majority of US respondents told pollsters they oppose more aid for Ukraine. In September, another survey indicated that 41% now say the United States is doing too much to support Ukraine, up from 33% in February and 14% in April 2022. Remarkably, even Democratic voters now appear to hold this stance, despite previously being staunch supporters of more US spending on Ukraine.

Meanwhile, the Asia-Pacific topic has steadily been getting hotter this year: first, the Pentagon announced about speeding up the provision of weapons to Taiwan island; then, in August, the White House signaled that it would ask Congress to fund arms for Taiwan as part of a supplemental budget request for Ukraine; in mid-September, the mainstream press reported that the US plans to redirect $85 million in military aid allocated for Egypt to Taiwan. If the pivot to Asia becomes the main focus of US lawmakers, the flow of funds to Kiev may soon start drying out.

September 27, 2023 Posted by | Economics, Militarism | , | Leave a comment

Nord Stream Blast: Why the West Still Can’t Name the Culprit

By Ekaterina Blinova – Sputnik – 26.09.2023

Exactly a year ago three out of four Nord Stream pipelines running from Russia to Germany under the Baltic Sea to provide Western Europe with natural gas were destroyed. Western investigators have so far failed to find the saboteurs behind the blast.

Gas leaks from the Nord Stream pipeline system were detected on 26 September 2022, with the EU leadership admitting that this could be the result of a “deliberate attack”.

Two days later, on 28 September, the Kremlin announced that Russia was ready to consider applications from EU countries for a joint investigation into the Nord Stream incident.

However, not only did the West snub Moscow’s request but also blamed Russia for destroying its own pipelines. Later, European and American officials backtracked on their accusations but fell short of naming a potential perpetrator.

On 12 October 2022, Russian President Vladimir Putin called the incident “an act of international terrorism”. Meanwhile, as gas prices soared and US energy producers secured lucrative liquefied natural gas (LNG) contracts with European countries, it became clear that Washington had been the major beneficiary from the Nord Stream destruction.

Furthermore, the US leadership had previously issued several threats that it would destroy the pipelines.

“We know that the United States President Joe Biden, threatened openly that he would stop Nord Stream 2 if the Russians were to militarily intervene in Ukraine,” Philip Giraldi, former CIA station chief and now an executive director of the Council for the National Interest, told Sputnik. “That was repeated by Victoria Nuland, who was Number Three at the State Department. She said basically the same thing. So we had the President and a senior official both saying that they would stop the pipeline if this were to happen. So we have a statement coming from the government itself saying it would do this.”

“And then I would say on top of that, the United States – given its military capabilities – had the capability to do this. They sent divers down to attach explosives and to arrange for a drone satellite that would ignite the charges and blow up the pipelines. It had the capability to do it. And it also had the motive, which was basically to weaken Russia’s ability to use its energy resources to affect politics in Europe. So this is what it was all about,” Giraldi continued.

On 8 February 2023, Pulitzer Prize-winning journalist Seymour Hersh dropped a bombshell, detailing an apparent plot by Team Biden and the US intelligence community to blast the Nord Stream pipelines with the help of Norwegian operatives.

Reflecting on Hersh’s version, Giraldi said that he feels that Hersh’s narrative is “correct in every detail.”

“And I can confirm to you that Sy Hersh, whom I know somewhat, has excellent sources inside CIA and inside the Pentagon. So what he’s telling us comes straight from people who know about it,” the CIA veteran said.

Blame Game Time: The Andromeda Yarn

On 7 March, the US and German mainstream sources published two separate articles claiming that international investigators had managed to trace the 26 September 2022 sabotage attack to a “pro-Ukrainian” group operating from the Andromeda, a 15-meter chartered yacht. The story immediately prompted a lot of controversy.

German media, for example, asked how a 15-meter chartered yacht could carry the 1,500-2,000 kilograms of explosives needed to destroy the pipelines, adding that the Andromeda does not have a crane to hoist such quantities safely into the water. It was also unclear how the group of volunteers managed to transport that amount of explosives across Europe.

Another problem, cited by the press, was that at the site of the explosion, the depth of the Baltic Sea is about 80 meters, requiring special diving equipment which the private vessel lacked. On top of this, the gang of saboteurs returned the yacht in bad condition and even left a couple of fake passports on board which made the story even fishier.

Hersh ridiculed the mainstream media yarn while discussing it with an anonymous CIA operative familiar with the issue. According to Hersh, it’s not just a “bad” media story but a deliberate “parody” fed by the CIA to the US and German media.

“In the world of professional analysts and operators, everyone will universally and correctly conclude from your story that the devilish CIA concocted a counter-op that is on its face so ridiculous and childish that the real purpose was to reinforce the truth,” the investigative journalist wrote on 5 April.

The most recent Western media stories alleging Ukraine’s involvement don’t hold water, either, according to Giraldi:

“Look, when you’re doing things in the intelligence world, you look for corroborative details – details that tell you that this story is coming from a good source or that it is fundamentally correct. And I saw none of that in this story. There have been a number of stories, of course, about people from Ukraine having done this, or people even from Germany renting boats and going over there, and they didn’t know what nationality they were. I mean, these are repeated stories. I have no reason to assume that this story is correct.”

The CIA veteran goes on to say that at present there is no story that sounds as credible as Hersh’s version. Besides, the US had the motive; it had the capability to do it; and it also had the objective to do it as a way of weakening Russia’s ability to influence Western Europe, Giraldi summarized.

“So I think that a lot of the background or the backstory supports the fact that the United States basically did it, though, apparently with the assistance of the Norwegians, and I would imagine some of the other NATO allies were also briefed in a certain fashion. In other words, not all the details, but given some indication that something might be happening in the near future in the Baltic.”

Why Couldn’t EU Investigators Name the Culprit?

It’s hardly surprising that despite official investigations in three countries – Sweden, Denmark, and Germany – the question of who is responsible for the sabotage remains unanswered, according to Giraldi.

“The fact that there have been three investigations carried out means nothing because the three countries that carry out the investigation are all NATO members. So they would have no motive whatsoever to challenge the argument that this was carried out by the Russians themselves or by the Ukrainians,” the CIA veteran said.

However, Giraldi suspects that the German investigation probably came closest to the truth. However, what they told the public was essentially a narrative acceptable to the United States and to NATO. The former CIA field officer pointed out that Germany suffered the most from the destruction of the Nord Stream pipelines.

“Their economy is in trouble. They were dependent on Russian energy and so they are paying a price for it, and I’m sure that many Germans – I do know that many Germans are aware of this and are complaining that this ever took place. I was in Eastern Europe about two months ago, and I heard this a lot from Europeans, how stupid this whole thing was to destroy a resource that was very good for Europe as well as being good for Russia.”

According to Giraldi, it’s interesting to examine who else – apart from the US and Norway – was aware of the Nord Stream plot and was foolhardy enough to get involved in it. Giraldi doubted whether Berlin had been in collusion with the US and Norway from the beginning and said that it did not make sense for a country to sacrifice its own economy willingly.

Furthermore, the Nord Stream pipelines weren’t just a Gazprom asset, Giraldi emphasized: there were other countries – other companies from Western Europe – that participated in the project that had been worth billions of dollars. And because of the US plot, their money had been squandered and their infrastructure had suffered incalculable damage.

But the financial aspect is only half the story: the most worrying part is that those who blew the pipelines up risked escalating the crisis dramatically.

“The destruction of the pipeline was an act of war,” stressed Giraldi, “… so this is an interesting story if we ever find out the truth.”

On 17 September 2023, the First Deputy Permanent Representative of Russia to the UN Dmitry Polyansky said that Russia was calling for the UN Security Council to meet to discuss the Nord Stream gas pipelines and the council will gather on Tuesday, 26 September – a year after the sabotage occurred.

On 27 August, the Prime Minister of the German federal state of Saxony, Michael Kretschmer, announced the need to repair the damaged gas pipelines which he said will help to ensure the country’s energy supply for another five to 10 years.

September 26, 2023 Posted by | Economics, War Crimes | , , , , | Leave a comment

US intel knew Biden planned to blow up Nord Stream prior to Ukraine conflict – Hersh

RT | September 26, 2023

US President Joe Biden initially planned on destroying the Nord Stream gas pipelines to deter Russia from launching its military operation in Ukraine, American journalist Seymour Hersh reported on Tuesday. However, Hersh alleged that the sabotage operation went ahead later not to deter Russia, but to damage the German economy.

The Nord Stream 1 and 2 gas pipelines, which connected Russia and Germany through the Baltic Sea, were destroyed in a series of underwater explosions exactly a year ago on Tuesday. Competing theories have emerged as to who was to blame, with mainstream media in the West blaming a Ukrainian commando unit and Seymour Hersh claiming that the CIA carried out the operation under direct orders from Biden.

In a blog post on Tuesday, Hersh alleged that US National Security Advisor Jake Sullivan convened a series of meetings in late 2021, tasking intelligence officials with coming up with a means of deterring Russian President Vladimir Putin from sending troops into Ukraine.

“The White House’s policy was to deter Russia from an attack,” an intelligence source told Hersh. “The challenge it gave to the intelligence community was to come up with a way that was powerful enough to do that, and to make a strong statement of American capability.”

By January, as Russian forces were massing on the Ukrainian border, the CIA had “solved the problem,” the source said. With a plan in place to plant remotely-detonated explosives on the pipelines under the Baltic Sea, Biden warned in early February that in the event of military action by Russia, “there will no longer be a Nord Stream 2. We will bring an end to it.”

Following Biden’s statement, which was delivered alongside German Chancellor Olaf Scholz, the CIA team tasked with sabotaging the pipelines received new orders, Hersh claimed. Instead of immediately destroying Nord Stream, the team was instructed to plant the explosives for detonation at a later date.

“It was then that we understood that the attack on the pipelines was not a deterrent because as the war went on we never got the command,” a member of the team told Hersh.

“We realized that the destruction of the two Russian pipelines was not related to the Ukrainian war,” the source continued. “But was part of a neocon political agenda to keep Scholz and Germany, with winter coming up and the pipelines shut down, from getting cold feet and opening up.”

According to Hersh’s earlier reporting, CIA divers planted the explosives last summer with the help of the Norwegian navy, using a NATO exercise in the region as cover. By the time the bombs were triggered in September, the flow of Russian gas to Germany via Nord Stream 1 had already been slowed to a trickle by Russia in response to Western sanctions, while Nord Stream 2 was never certified to begin operation by Scholz’s government. However, with the German economy heavily dependent on Russian gas, Biden reportedly feared that Scholz would choose reproachment with Moscow over support for Ukraine.

“The President of the United States would rather see Germany freeze than [see] Germany possibly stop supporting Ukraine,” Hersh declared earlier this year.

September 26, 2023 Posted by | Economics, Timeless or most popular, War Crimes | , , , | Leave a comment

Most Russian oil exports bypassing price cap – FT

RT | September 25, 2023

The EU and G7 countries have largely failed to enforce a $60 per barrel price cap on Russian seaborne oil exports, Financial Times reported on Monday, citing an analysis of shipping and insurance records.

In August, around three-quarters of Russian oil was reportedly being shipped overseas without Western insurers, which was considered one of the tools helping to limit the price at which Russian crude was being sold on the global market.

About half of Russian oil exports did not use Western insurance services during the entire spring, according to Kpler data, as cited by the media, suggesting Moscow “is becoming more adept at circumventing the cap.”

Meanwhile, global prices for crude are on the rise, nearing 13-month highs. Brent futures for November delivery were trading at $93.51 per barrel on Monday, while US West Texas Intermediate crude (WTI) climbed above $90 per barrel. Russian crude was no exception, with the Far Eastern blend ESPO trading at over $88 per barrel, and with Urals crude above $78 per barrel.

In June, US Deputy Treasury Secretary Wally Adeyemo claimed that the price cap imposed by the Western allies in December was working as intended.

“In just six months, the price cap has contributed to a significant decline in Russian revenue at a key juncture in the war,” he said.

In August, Acting US Assistant Treasury Secretary Eric Van Nostrand said that he was “confident that the price cap is achieving its twin goals of restricting Russian revenues while helping stabilize energy markets.”

According to FT, Russian, Chinese, and Indian insurers have stepped in to replace Western majors, while a “dark fleet” of tankers, built for transporting Russian crude around the world, has helped Moscow to avoid Western insurers and shippers.

September 25, 2023 Posted by | Economics | , | Leave a comment

U.S. Offshore Wind Plans Are Utterly Collapsing

By David T. Stevenson | Real Clear Energy | September 21, 2023

Offshore wind developer Ørsted has delayed its New Jersey Ocean Wind 1 project to 2026. Previously, the company had announced construction of the project would begin in October 2023. The delay was attributed to supply chain issues, higher interest rates, and a failure so far to garner enough tax credits from the federal government. For now, they are not walking away from all their U.S. projects but will reconsider long-term plans by the end of this year. Ørsted’s stock price has fallen 30% in 5 days. This is just the latest bad news for offshore wind.

Ocean Wind 1 had one of the highest guaranteed prices among the 18 projects currently in the approval queue. The actual wholesale price guarantees for Ocean Wind 1 start at $98.10/MWh, rising 2% a year to $145.77. Over twenty years revenue will average $126.47/MWh according to the New Jersey Board of Public Utilities (BPU). Ørsted is seeking higher guarantees from the BPU and an increase in federal Investment Tax Credits from 30% to 40%. Recognizing the potential financial problems, New Jersey’s largest public utility, Public Service Electric & Gas Company sold its 25% share of the project to Ørsted in January.

The company said it is “reconfiguring” Ocean Wind II in New Jersey, and its Skipjack Wind project off the coasts of Maryland and Delaware because they do not currently meet its projected financial standards. The Maryland Public Service Commission guaranteed Skipjack Wind $146.42/MWh average over twenty years and also gets to keep revenue from sales to the regional grid. Apparently, the higher guarantee is still not enough to meet the company’s financial goals. Ørsted is working to renegotiate guaranteed prices on two other projects, Sunrise Wind and Revolution Wind, that would need a 30% increase just to meet the current Ocean Wind 1 guaranteed price.

Meanwhile, projects off New York are asking for an average 48% increase in guaranteed prices that could add $880 billion a year to electric rates, or almost $18 billion over twenty years (see table below).

Center for Energy & Environment, Caesar Rodney Institute

In North Carolina, the latest long-term energy plan from Duke Energy drops offshore wind entirely in favor of nuclear, solar, and onshore wind. Furthermore, Duke has committed to only close any existing power plants once replacements are in operation, an idea that other states should follow. Two new offshore wind lease areas in the Gulf of Mexico failed to attract a bid. Vineyard Wind off Nantucket has begun construction but faces three unresolved lawsuits.

Wind turbine manufacturers are faring no better. Siemens Gamesa has announced almost $5 billion in 2023 losses from warranty repairs for turbines much smaller than those planned in the US. The company also faces price pressure. The stock price has dropped 30% since June.

This is not the time for Delaware to be considering offshore wind.

Clearly, the industry is in disarray, facing rising costs, durability, and legal issues. An 800 MW project similar in size and the current guaranteed price to Skipjack 2 may raise Delaware residential electric prices by $400 to $545/year and for businesses by the tens of thousands. A Monmouth University poll shows a major decrease in public support for offshore wind in New Jersey, falling from 84% to 54% with 40% opposed.

September 24, 2023 Posted by | Economics, Malthusian Ideology, Phony Scarcity | | Leave a comment

Values Of Used EVs Plummet, As Dealers Stuck With Unsold Cars

By Paul Homewood | Not A Lot Of People Know That | Septmber 24, 2023

The average cost of second hand electric cars is plummeting by a “phenomenal amount” as they sit for “months on end” without any buyers

Research by online motor marketplace, AutoTrader, revealed the average price for a used EV has dropped by 21.4 per cent this month, compared to a year ago.

Marc Palmer, the head of strategy and insights at AutoTrader, told MailOnline : “The used market will now be slower to mature. There will be fewer new EVs registered and fewer used cars coming to market.

“There will be sections of the public, especially those who are sceptical, who will want to wait.”

The expert explained that used cars are the “biggest” section of the industry, however motorists are likely to “take longer” in the switch to electric.

According to the Mail :

Mid-month figures for September released by AutoTrader – the largest online marketplace for cars – reveal that the average price of a used EV has fallen by 21.4 per cent to £32,463.

Premium sector EVs, including Tesla, BMW, Mini and Mercedes-Benz, were hit hardest – with values falling by up to 24.1 per cent year-on-year.

The data, reported by The Times, showed that prices of second-hand premium sector EVs peaked at £51,704 last August and have since plummeted by more than £10,000 to £39,268.

The second hand EV is between a rock and a hard place!

Increasing numbers are now coming onto the market, corresponding to the increasing number of new sales in recent years.

Yet at the same time, there seems to be little appetite from buyers. Most new EVs go either to Business/Fleet purchasers, or rich, virtue signallers. Neither sector is interested in buying second hand EVs.

Private buyers of second hand cars cannot afford the inflated price of EVs – if they could, they would buy a new petrol car anyway. And they are less likely to have off street parking, therefore making charging more expensive and problematic. Hence the low turnover of second hand EVs.

EV manufacturers have taken a huge risk in offering cheap PCPs, in the hope attracting buyers. These deals are ultimately based on EVs holding their value well.

With plummeting second hand values, they and the lease companies could be facing massive losses.

What is remarkable about these reports is that the so-called experts seem genuinely surprised about all of this. It was utterly predictable all along.

One “expert”, Marc Palmer, the head of strategy and insights at AutoTrader, told the Mail that the used market will now be slower to mature, and that motorists are likely to “take longer” in the switch to electric.

And the SMMT said “A faster and fairer mass transition [to zero-emission vehicles] is threatened by the absence of support for private buyers, many of whom plan to go electric but are delaying due to concerns over affordability and uncertainty regarding the availability of a charging network.”

They have obviously been believing their own propaganda about EVs for too long.

They still do not seem to have worked out that EVs are utterly useless for most private drivers, who will refuse to make the switch until forced to.

September 24, 2023 Posted by | Economics | | Leave a comment

Brussels should buy Ukrainian grain for Africa – Lavrov

RT | September 24, 2023

The European Commission should buy the Ukrainian agricultural produce that the bloc says it doesn’t need and ship it to African countries, Russia’s foreign minister Sergey Lavrov has said at the UN General Assembly (UNGA).

Western allies have repeatedly accused Moscow of trapping millions of tons of grain in Ukrainian Black Sea ports and of exacerbating a global food crisis, particularly across the African continent.

“Since the European Commission is wasting tens of billions of dollars on Ukraine… it can buy the grain that Ukraine wants to sell and EU countries don’t want [to buy] for reasons of competitiveness, and send it to Africa,” Lavrov told the UNGA.

According to Russia’s top diplomat, Ukrainian agricultural produce is “being supplied to European countries in abundance” but many of them don’t want to buy it, because “they have their own farmers and don’t want them to go bust due to competition.”

He also questioned the integrity of last year’s grain deal, pointing out during his speech at the UN that only 3% of the grain that was moved under this deal had reached the poorest countries in Africa.

In addition, Lavrov said that some 260,000 metric tons of Russian fertilizers have been impounded in EU ports since 2022 and that Moscow was ready to ship these fertilizers to African nations for free.

Russian fertilisers became the crucial point in talks over resuming the Black Sea Grain Deal that was clinched last year between Russia and Ukraine and brokered by the UN and Türkiye. The deal was aimed at allowing Ukraine to export grain from its ports to countries in Asia, the Middle East and Africa, in exchange for lifting Western sanctions that prevented Russian agricultural exports.

However, Moscow withdrew from the agreement in July, saying that the West was still making it impossible for Russia to ship food and fertilizer.

Lavrov said that the Deputy Foreign Minister of Russia, Sergey Vershinin, is currently discussing the key issues related to the deal with UN representatives. He stressed also that Western states would be misleading UN Secretary-General Antonio Guterres by saying that the grain deal was about to resume.

According to the minister, the deal can resume once Russia’s demands regarding its agricultural exports are fulfilled.

September 24, 2023 Posted by | Economics | , , , , | Leave a comment

The US-Iran deal: prisoner swap or new nuclear agreement?

By Robert Inlakesh | The Cradle | September 20, 2023

The secret US-Iran deal revealed to the public last month has largely been portrayed as a “humanitarian agreement” – the release of US prisoners in exchange for the return of frozen Iranian funds that will bring relief to the people of Iran.

But as tidbits of new information emerge on the agreement, it has become clear that Washington and Tehran have agreed on a far more comprehensive array of arrangements.

The US, for instance, has quietly approved the release of significantly more Iranian funds than the $6 billion figure touted in the media. Dr. Mohammed Marandi, former media advisor to the Iranian nuclear negotiating team in Vienna, confirms to The Cradle that almost $20 billion of Iran’s internationally frozen assets have already been released as part of the agreement.

The reported $6 billion only constitutes Iranian funds frozen in South Korea, while an additional $11 billion was held by Iraq, with the remaining portions scattered across various other countries. These assets, Marandi says, have now been successfully released and are under the control of Iran’s Central Bank.

Based on information from Iranian and Arab diplomatic sources who requested anonymity, the US-Iran deal terms include – but are not restricted to – the following commitments from the two sides:

Iran’s commitments include:

  • The release of the 5 Americans detained in Iran (and 2 relatives who were reportedly barred from leaving the country).
  • Capping uranium enrichment at 60 percent, accompanied by a reduction in production pace.
  • Reactivating the International Atomic Energy Agency (IAEA)’s surveillance cameras at several nuclear sites.

US commitments include:

  • The release of Iranian prisoners held in the US and in various other undisclosed countries.
  • Unfreezing Iranian funds held in multiple countries, including South Korea, Iraq, and elsewhere.
  • Easing US sanctions on Iranian oil – this sanctions relief will occur informally, not requiring an official US decision, but rather a tacit acceptance of Iranian energy trades globally.
  • Iran gains access to existing provisions in the Joint Comprehensive Plan of Action (JCPOA) from October 2023, which permit the Islamic Republic to import and export weapons.
  • The closure of remaining IAEA “open files” regarding several Iranian nuclear, military, and civilian sites.

The closure of remaining IAEA “open files” regarding several Iranian nuclear, military, and civilian sites.

Western diplomatic sources tell The Cradle that the main reason the US initiated secret talks with Iran is because Washington has a critical need to increase oil supply in global markets.

Deescalating with Tehran can bring new energy sources online quickly to make up for lost Russian supplies. This is why one of the unpublicized US deal concessions to Iran is to ignore sanctions on Iranian oil and gas trades.

The problem for the Biden administration, since the failure of nuclear talks, has consistently been domestic political opposition toward the easing of “maximum pressure” sanctions on Iran. This new backroom agreement provides a way to bypass Washington’s institutional roadblocks, and flood the market with Iranian oil supply.

Reviving a ‘dead’ deal 

Already, Washington-based think tanks are understanding that the Iran-US prisoner swap could be a softball maneuver by the Biden administration to publicly kickstart the easing of tensions with Tehran. This move is seen as a way to navigate around the stubborn resistance of congressional representatives and pressure from Israeli hawks against reviving the Iran Nuclear Deal, also known as the JCPOA.

Monday’s prisoner exchange of both Iranian and American prisoners, which received blanket coverage by both country’s media, has agitated parties opposed to any Iranian-US detente and has them scrambling to discover the hidden significance behind the breakthrough Qatari-brokered agreement.

Richard Goldberg, Director of the Iran Program at the Washington-based Foundation for Defense of Democracies, said in a 13 September interview with the Saudi-owned Asharq al-Awsat newspaper that the US-Iran prisoner swap was strategically designed to deflect congressional criticism over the renewal of the JCPOA.

He contends that by linking sanctions relief to the prisoner exchange instead of a JCPOA revival, US President Joe Biden has effectively defused tensions with Iran and sidestepped the political hurdle of presenting a new nuclear deal to Congress – a move that would have otherwise proved contentious in the lead-up to the 2024 presidential elections.

In June last year, indirect negotiations between the US and Iran officially fell apart, ending a year’s worth of on-and-off efforts to reach a consensus in Vienna. Later in the year, while on the sidelines of an election rally in November, Biden declared the 2015 JCPOA “dead.”

But in May 2023, secret indirect negotiations between US and Iranian officials took place in Oman.

In June, the New York Times released an article on ongoing talks between the two parties aimed at finalizing an informal agreement that could potentially replace the need to resurrect the 2015 nuclear deal and “avert a nuclear crisis.”

The Cradle’s diplomatic sources confirm this was never merely a prisoners-for-cash swap, but a quiet initiative to defuse escalating US-Iran tensions – and proponents of continued conflict – by crafting a settlement that completely bypassed the naysayers.

This settlement, which would begin with some simpler humanitarian gestures to build goodwill and trust between the two parties, would then provide the foundation for negotiations over more complicated issues.

Beyond the prisoner swap 

Despite Biden’s public commitment to revive the Iran nuclear deal, his negotiating team has dismally failed to secure an agreement. This week’s prisoner exchange was seen as just the right kind of sweetener to pave a new, unencumbered path toward securing the basic requirements of the two adversaries.

But even this humanitarian gesture by both sides has failed to quell media criticism. US outlets and social media platforms have castigated the Biden administration for releasing $6 billion of Iran’s frozen assets to secure the release of just 5 US prisoners.

And while US officials claim that the funds were transferred to designated bank accounts in Qatar and restricted to the purchase of food and agricultural products, Iranian President Ebrahim Raisi went public to make clear that Iran has full discretion on the use of these funds.

Raisi has described the release of the five prisoners as a “purely humanitarian action” and hinted that it could serve as a foundation for future humanitarian initiatives, code for sanctions relief.

His statement has further fueled speculation that the US and Iran are privately moving toward a broader agreement – well beyond the prisoner exchange – that will substitute the hotly-contested JCPOA.

September 23, 2023 Posted by | Economics | , , | Leave a comment

Almost Half of US’ F-35 Fleet Not Capable of Flying at Any Time – Watchdog

Sputnik – 22.09.2023

WASHINGTON – Almost half the F-35 Joint Strike Fighters that are supposed to be operational are not capable of flying and it will cost $1.3 trillion to keep them operational, the US Government Accountability Office (GAO) said in a new report.

“The F-35 fleet mission capable rate – the percentage of time the aircraft can perform one of its tasked missions – was about 55% in March 2023, far below program goals,” the report said on Thursday.

The GAO called this level of operational readiness “unacceptably low.”

“The program was behind schedule in establishing depot maintenance activities to conduct repairs. As a result, component repair times remained slow with over 10,000 waiting to be repaired – above desired levels,” the report said.

Organizational-level maintenance has also been affected by a lack of technical data and training, the report added.

It will cost $1.3 trillion to keep the full F-35 fleet operational and flying even if or when all the repair and maintenance bottlenecks, as well as ongoing development problems with the aircraft’s cannon, ejector seat, software and hardware are fixed, the report said.

However, despite the downfalls associated with the F-35 program, the report also determined that the Biden administration and the Department of Defense remain committed to a $1.7 trillion expenditure on buying a total of 2,500 F-35s for the US armed forces.

“In the coming decades, the Department of Defense plans to spend an estimated $1.7 trillion on nearly 2,500 F-35s,” the report stated, acknowledging that the majority of the funds will go to operating, maintaining, and repairing the aircraft.

The F-35 aircraft now represents a growing portion of the Defense Department’s tactical aviation fleet with about 450 of the aircraft fielded, the GAO said.

From the start of the F-35 program, officials have dealt with a variety of major setbacks with the fleet, ranging from costly fixes to sensitivities with overheating and lightning strikes.

More recently, the program made global headline news after a US Marine Corps F-35B crashed in South Carolina and sent authorities on a hunt after being unable to track the fighter once its pilot safely ejected.

September 22, 2023 Posted by | Economics, Militarism | | Leave a comment