Ukraine halts Russian oil supply to EU
Samizdat | August 9, 2022
Ukraine’s state oil pipeline operator Ukrtransnafta has stopped pumping Russian crude through the southern branch of the Druzhba system to the EU, RIA Novosti news agency reported on Monday, citing Russia’s Transneft.
According to the report, transit supplies have been halted to Hungary, the Czech Republic and Slovakia.
Igor Demin, spokesperson for the president of Transneft, told the agency that transit through Belarus in the direction of Poland and Germany continues.
Demin explained that Russia cannot make payments for transit due to EU sanctions, although the Ukrainian company is insisting on 100% prepayment for its oil transportation services.
“When making a payment for transit through the territory of Ukraine, the funds were returned to the account of Transneft,” he said, adding, “Gazprombank, which services payments, notified us that the payment was returned in accordance with the EU regulations, that is, the seventh package of sanctions.”
Transneft stressed that it is working on alternative payment options for oil transit services via Ukraine, and has sent an appeal to Gazprombank.
Druzhba, which is one of the longest pipeline networks in the world, carries crude some 4,000 kilometers from the eastern part of European Russia to refineries in the Czech Republic, Germany, Hungary, Poland and Slovakia.
There is No Food Crisis – If Only We Stopped Burning it as ‘Green’ Biofuel
BY DAVID CRAIG | THE DAILY SCEPTIC | AUGUST 8, 2022
We’ve all been bombarded daily with horror stories about how food prices are being forced up and hundreds of millions of the world’s poorest risk starvation because the Russian invasion of Ukraine has prevented exports of grain and sunflower oil.
Well, let me give you some figures our politicians and the mainstream media don’t want to mention. They don’t mention these figures because these figures undermine the disastrous global-warming, climate-catastrophist, Net-Zero policies being forced on us by our rulers.
The U.S. produces abut 384 million metric tonnes of corn each year and around 50 million tonnes of wheat. Ukraine produces about 38 million tonnes of corn each year and around 33 million tonnes of wheat. Around 20 million tonnes of Ukraine’s wheat is exported each year.
Conclusion 1: The U.S. produces an awful lot more food than Ukraine.
But let’s look at how all the USA’s corn and wheat is actually used. Over a third of the USA’s corn – that’s more than 128 million tonnes of the USA’s corn production – is used to make biofuels rather than being used for human consumption.
It’s more difficult to find out how much of the U.S.’s 38 million tonnes of wheat is used for biofuels, but it may be as much as a quarter. However, we do know that in the European Union, 12 million tonnes of grain, including wheat and maize, is turned into ethanol – around 7% of the bloc’s production. It’s estimated that this is enough food to feed around 150 million people if it wasn’t being used for transport fuel.
Also just in the EU, 3.5 million tonnes of palm oil is used to make biodiesel. That’s almost the amount of sunflower oil coming out of Ukraine and Russia combined.
Conclusion 2: We’re burning food rather than using it to feed people.
You may have noticed that last year the petrol you buy changed from something called ‘E5’ to ‘E10’. E5 petrol is petrol containing 5% biofuel and E10 is, of course, petrol containing 10% biofuel.
According to calculations done by scientists at Princeton University, if the U.S. and Europe were to decrease their use of ethanol made from grain by 50% – that would mean just moving back from E10 petrol to E5 petrol – they would effectively have sufficient extra crops to replace all of Ukraine’s exports of grain.
If our rulers were to completely scrap the biofuel mandates they have imposed on us, the world would be awash with food and food prices would fall significantly. Then the only reason for hungry people would be distribution problems caused by mismanagement, corruption and conflict.
When the EU first mandated that 2.5% of all fuel sold in the EU should be made from biofuels, worldwide food prices shot up – wheat, for example, doubled in price – and the UN’s Rapporteur for Food said: “It is a crime against humanity to convert agricultural productive soil into soil which produces food stuff that will be burned into biofuel.”
He further argued that biofuels would only lead to further hunger in a world where an estimated 854 million people – one out of six in 2007 – already suffered from the scourge; 100,000 people died from hunger or its immediate consequences every day; and every five seconds, a child died from hunger
We’re now at 10% biofuels and, if I have understood correctly, following new climate change legislation passed in the U.S. last week, the biofuel content of petrol may be increased even further. This will mean diverting more potential food to fuel production at a time of world food shortages and rocketing food prices.
This is madness. But it get worse. Biofuels are less efficient than fossil fuels – you get fewer miles or kilometres per litre or gallon and they damage car engines more than fossil fuels. Moreover, the huge amounts of energy required to produce biofuels mean that they are probably more environmentally-damaging than fossil fuels.
Scrapping the biofuels mandates in the U.S. and EU isn’t something that would take years or months to implement. It could be done this week and the results – more food availability and falling food prices – would happen immediately.
So, why won’t our rulers do this? Moreover, why do they seem to be moving in the opposite direction – by pushing ever more food into fuel production?
It could just be utter incompetence. Or it could be fear of a storm of criticism by the ever more vociferous climate-catastrophist lobby. It could be that they are trapped by their own save-the-planet virtue-signalling. Or it could be the classic reaction of politicians and bureaucracies – the more evidence emerges that their policies are misguided, the more they double down on those policies as they can never admit that they got it wrong.
However, for the conspiracy theorists, there’s a fifth possibility – that our rulers are acting together to deliberately restrict food production, push up food prices and impoverish us all as a means of increasing their control over us.
You can choose which of the five possibilities – incompetence, fear of the climate catastrophists, feeling trapped by their own subservience to the climate-catastrophist cult, doubling down on misguided policies or conspiracy against us – you believe is the most credible explanation of the current food crisis.
David Craig is the author of There is No Climate Crisis, available as an e-book or paperback from Amazon.
Here Are The Winners And Losers In The ‘Inflation Reduction Act’
By Tyler Durden | Zero Hedge | August 8, 2022
As Democrats pat themselves on the back after the Senate finally passed their massive tax, climate, and healthcare bill – the “Inflation Reduction Act” which Senate Majority Leader Chuck Schumer called “one of the most significant pieces of legislation passed in a decade,” Bloomberg has compiled a list of winners and losers.
Not only did none of the billions in tax increases Democrats threatened high-earners with last year make it into the final version of the bill, their plans to ‘tax the 1%’ turned out to be nothing more than a big virtue signal.
Private equity fund managers
As we noted on Friday, the landmark bill only passed after AZ Sen. Kyrsten Sinema insisted on keeping the carried-interest loophole that allows investment managers (like her former bosses) to shield the majority of their income from higher taxes.
The private equity industry was able to gain an additional win shortly before the final passage of the bill when a handful of Democrats broke with their party to vote on a Republican amendment that created a carveout for private equity-owned companies in the corporate minimum tax. -Bloomberg
Manchin and Sinema were big winners – after having held their party hostage for more than a year over this legislation, “The entire contents of the bill were essentially cherry-picked by Manchin and then tweaked to fit Sinema’s preferences,” according to the report.
The two were also able to score direct benefits for their states – with Manchin securing an agreement to permit the completion of the Equitrans Midstream Corp.’s Mountain Valley Pipeline, and Sinema – who was able to secure $4 billion in drought relief for western states.
The IRS And The Green agenda
The bill will give $80 billion to the IRS over the next 10 years to expand its audit capabilities, as well as a bevy of technology upgrades.
Meanwhile, electric carmakers got an extension of a popular $7,500 per vehicle customer tax credit for EVs, but will have to comply with strict battery and critical minerals sourcing requirements demanded by Sinema and Manchin – which could render the credits useless for years.
Solar and hydrogen companies, such as Sunrun and Plug Power, Inc. will also benefit from generous tax credits, while operators of nuclear reactors such as Southern Co., Constellation Energy Corp., Public Service Enterprise Group Inc. and Energy Harbor Corp. could benefit from a $30 billion production tax credit.
Medicare, Obamacare Enrolees
The final version of the bill caps seniors’ out-of-pocket prescription drug expenses to $2,000 per year, and enables Medicare to negotiate the prices on 10 medications four years from now. Th bill also kicks the can on a massive increase in Obamacare premiums that were set to happen in January for many middle income Americans, which will now happen in three years.
LOSERS:
Republicans who thought Manchin and Sinema wouldn’t cave on their promises to raise taxes during a recession.
The GOP was confident they had beaten back Biden’s tax and climate agenda and were stunned in late July when Schumer and Manchin announced a deal. While still the favorites to gain seats in the midterm elections, passage of the bill is a major setback for the GOP’s policy aims. It does, however, give them a new issue to campaign on in the fall campaigns. -Bloomberg
Other losers include tech companies – that will bear the brunt of two major tax increases in the bill; a 15% minimum tax on financial statement profits, and a new levy on stock buybacks which have allowed companies like Alphabet’s Google and Meta’s Facebook to minimize their tax burden over the years.
SALT – the ability to deduct state and local taxes, a $10,000 cap which coastal Democrats were hoping to repeal.
Bernie Sanders – who Bloomberg notes wanted $6 trillion in spending, making the $437 billion in new spending a far cry from success. Excluded from the bill is all proposals for new social programs, including tuition-free-college, child care, housing spending and an expanded-child monthly tax credit.
Protests Erupt in Bangladesh as Government Raises Fuel Prices While Seeking IMF Loans
Samizdat – 07.08.2022
Bangladesh has approached the International Monetary Fund (IMF) for a multibillion-dollar loan, making it the third South Asian country – after Sri Lanka and Pakistan – to have sought financial help from the multi-lateral lender in the past two months.
Sporadic protests erupted in several of Bangladesh’s cities on Saturday in response to a significant rise in oil and gas prices. After the price rise, public transport fares also rocketed up to 35 percent. Several organizations related to transportation have suspended their operations for 24 hours and declared their sales would resume on Monday.
The Bangladesh Tank-Lorry Owners’ Association and the Petrol Pump Owners’ Association staged a 24-hr strike on Sunday. They stopped collecting fuel from the Padma, Meghna, and Jamuna depots – major oil repositories for the country in the Khulna division.
“The strike started at 8am and will continue until 8am on Monday,” Md Farhad Hossain, an official of Bangladesh Tank-Lorry Owners’
The association has been demanding 7.5 percent commission on the present fuel price.
The Sheikh Hasina government on Friday raised the diesel price by 34 Taka ($0.36) to 114 Taka ($1.20) per liter, and the octane price by 46 Taka (0.49 USD) to 135 Taka ($1.42) per liter.
Protesters alleged that instead of lowering fuel prices as the rest of the world was, the government had raised costs to “appease the IMF”, which “is unacceptable and anti-people.”
“We urge the government to return fuel prices to their previous rates immediately,” said Bangladesh Jatri Kalyan Samity, a group working for the welfare of commuters, in a statement.
Bangladesh is reportedly seeking $4.5Bln in loans from the IMF as the country’s forex reserves plummeted below $40Bln.
On 3 August, the US-led lender said it would work with Dhaka to design an IMF-supported reform program that would be required for the loan.
“As part of the policy response, Bangladesh’s request for a Resilience and Sustainability Trust and an accompanying IMF-supported program will provide safeguards in the event of further deterioration of external conditions,” the Fund added.
Bangladesh reported a fall in export earnings because of dwindling consumer demand in the west. European Union registered a 3 percent fall in consumer demand this week.
Bangladesh’s appeal to the IMF comes as Sri Lanka and Pakistan have also been negotiating financial aid. The economic slowdown and inflation has also hit these south Asian economies.
Why the Gulf states’ SCO membership is a big deal
BY M. K. BHADRAKUMAR | INDIAN PUNCHLINE | AUGUST 7, 2022
Washington has backtracked from the dissimulation by US National Security Advisor Jake Sullivan that Washington had intelligence suggesting Iran was preparing to provide Russia with “several hundred” drones to use in Ukraine, with training sessions set to begin in July.
On July 26, NSC spokesman John Kirby, clarified his boss’ remark by admitting to Al Arabiya, “We’ve seen no indications of any sort of actual delivery and/or purchase of Iranian drones by the Russian Ministry of Defence.”
Interestingly, Al Arabiya buttonholed Kirby at all. For, Sullivan’s fake news (probably based on Israeli disinformation) came at his special briefing on President Biden’s visit to Jeddah. Al Arabiya’s dogged downstream pursuit of the “fake news” suggests that Riyadh knew Sullivan making a crude attempt to to hustle the Crown Prince Mohammad bin Salman in directions that would have made Biden’s trip a roaring success.
Biden had three overlapping objectives: one, to rally Saudi leadership behind his containment strategy against Russia and China; two, to break up the OPEC+ alliance between Saudi Arabia and Russia so that a coordinated counterpoint ceases to be in the world oil market that is beyond American control; and, three, to assemble an anti-Iran military military alliance of Gulf states and Israel to give verve to Abraham Accords which has patently lost its fizz.
Biden drew blank on all three counts: Saudis will pursue their friendly relations with Russia and China and its normalisation with Tehran. Prince Mohammed spoke with President Putin within the week of Biden’s visit where they discussed further expansion of trade and economic cooperation and significantly, also underscored “the importance of further coordination within OPEC+”.
Traditionally, Saudi actions speak far better than words. So, when the OPEC+ held a virtual meeting last Wednesday, it concluded that:
- There is “severely limited availability of excess capacity” among oil producing countries resulting from “chronic underinvestment in the oil sector”;
- It is a matter of “particular concern… (that) insufficient investment into the upstream sector will impact the availability of adequate supply in a timely manner to meet growing demand beyond 2023.”
- The importance of maintaining consensus and the “cohesion” of OPEC and OPEC+ (that is, OPEC plus Russia principally) cannot be overstated.
Plainly put, it rejects the July 3 G7 Foreign Ministers’ Statement on Energy Security, which envisages imposing comprehensive embargo on all services for “transportation of Russian seaborne crude oil and petroleum products globally” unless Moscow sells oil at a price to be agreed in consultation with the West.
Simply, the West is once again contemplating a crackdown on a major oil producing country for geopolitical reasons, which would have profound impact on the world oil market. The paradox here is that, unlike in the case of Iran or Venezuela, the West desperately needs Russian oil’s continued flow into the world oil market but is capping the price at which Moscow can sell so that its income from oil exports cannot sustain the special military operations in Ukraine.
Indeed, the West is acting in the spirit of George Kennan’s famous dictum in the early 1950s that oil “belongs to us” because it lubricated the West’s prosperity. The G7 statement is no doubt precedent-setting. As the pressure on world’s resources becomes more acute, this predatory approach harkens back to the colonial era (when India was frog-marched by Imperial Britain to supply cotton to the textile mills in Britain and buy back textiles at prices determined by the colonial master.)
It can extend to resources other than oil as well. China, for example, produces roughly two-thirds of the world’s lithium-ion batteries, whereas, the US only produces 1% of global lithium supply and 7% of refined lithium chemicals — versus China’s 51% — and is about 70% dependent on imported lithium (which has such critical uses in industries ranging from mobile phones, laptops, digital cameras and electric vehicles to aircraft, high-speed trains and satellites.
To be sure, the G7 move to seize control of Russia’s oil exports rings alarm bells all across the oil-producing countries of the Gulf region. The geopolitical message is: ‘Fall in line, or else.’ Now, this comes at a time when the EU is desperately eyeing access to cheap and reliable supply of oil. (Japan just announced that its “sanctions from hell” against Russia will not apply to the Sakhalin 2 gas and oil project!)
Against such a tumultuous backdrop with the industrial powers inclining toward brandishing their latent colonial instincts of a bygone era, the Gulf states become highly vulnerable. The Gulf states already are shell-shocked about the banditry that the EU and US resorted to against Russia by confiscating its reserves in the Western banking system and appropriating the private assets of wealthy Russians.
There is also an added dimension. Tomorrow, what prevents the “Collective West” from resorting to such pressure tactics to enforce “regime change” in the Gulf region on the pretext of advancing democracy and human rights? After all, it is no secret that the former Crown Prince Muhammad bin Nayef was Washington’s preferred choice to succeed King Salman. Make no mistake, Biden’s fist bump with Prince Mohammed is not the last word on Saudi succession.
Indeed, Prince Mohammed’s suggestion (while Biden was still in Jeddah) that Saudi Arabia and Iran should now step up their contacts to the political level becomes highly significant. Even more so, Saudi Arabia’s interest in SCO membership (so soon after Iran’s admission to the grouping.)
Along with Saudi Arabia, a host of other West Asian countries have approached the SCO for membership. The Russian daily Izvestia reported on Thursday that the SCO plans to sign memoranda on granting dialogue partnership to Egypt, Syria, Qatar, Saudi Arabia and Bahrain at the forthcoming summit in Samarkand. Interestingly, Crown Prince Mohammed bin Salman has been invited to the event.
According to Izvestia, as an exception, the UAE has sought SCO membership on an expeditious basis, although the grouping’s established practice so far has been to start with a “dialogue partner”. Izvestia quoted a source close to the SCO organising committee that the SCO has had consultations internally and “the main understanding that dominates is that the SCO is interesting, the SCO attracts, and therefore the most important thing for us is not to wallow in bureaucracy, but to find solutions that will allow us to respond adequately… And react by adapting the rules to new conditions.”
Clearly, Biden’s offer of a military alliance not only had no takers in the Arab world but they seem petrified. If as the Bible says, there are three brands of deception — vanity, flattery, and blasphemy — and Satan uses all three, Biden’s offer contains elements of all three. And if the SCO offers an antidote to the poisoned chalice, why not?
Sanctions on Russia ‘irresponsible’, adviser to Brazil’s Lula says
Samizdat | August 6, 2022
Celso Amorim, Brazil’s former foreign minister and current foreign policy adviser to presidential frontrunner Luiz Inacio Lula da Silva, has condemned the West’s sanctions on Russia and said that should Lula take office, Brazil would chart a different course.
In an interview with Bloomberg published on Friday, Amorim claimed that the West’s response to Russia’s military operation in Ukraine – sanctions on Russia and billions of dollars worth of weapons for Ukraine – have made nuclear war a real possibility.
“For the first time since the Cuban missile crisis we see articles about the risk of nuclear weapons published on a weekly basis,” he said, arguing that “it’s irresponsible not to seek peace.”
Amorim’s argument mirrors that of Lula himself. Back in May the former Brazilian leader told Time magazine that he sees Ukrainian President Vladimir Zelensky as equally responsible for the conflict in Ukraine, and condemned Washington for encouraging him to oppose Russia.
“The United States has a lot of political clout. And Biden could have avoided [the conflict], not incited it,” Lula argued at the time.
From the perspective of the US, Amorim questioned the logic of driving Russia into a deeper partnership with China, another economic and military rival of America.
“I have nothing against China,” he stated, adding that both are part of the BRICS group, but said that he “can’t understand the interest of the US in strengthening the China-Russia relationship.”
This relationship aside, Amorim told Bloomberg that an economy as large as Russia’s is “too big and strategic” to isolate, and that Lula’s administration would not pursue such policies if the two-term leftist president is elected in October. Speaking to Time in May, Lula said that “many different countries” are having to “foot the bill” for Washington’s hardline anti-Russia policies, and that if he is elected, “Brazil will again become a protagonist on the international stage and we will prove that it’s possible to have a better world.”
Lula is currently polling 11 points ahead of incumbent President Jair Bolsonaro, according to an aggregate compiled by the US-based Americas Society. Should he triumph in October, Amorim will likely be influential in setting his administration’s foreign policy, having served as Brazil’s foreign minister during Lula’s two terms in office from 2003 until 2010.
Bolsonaro has not followed the US’ lead on Ukraine either. Despite Brazil voting in the UN General Assembly to condemn Russia over the conflict, the president has refused to sanction Moscow and announced his intention to keep purchasing fertilizer from Russia and sign a new deal to import Russian diesel.
Like Lula, Bolsonaro also partly blamed Kiev for the conflict. Ukrainians, he said in February, had “trusted a comedian with the fate of a nation,” referring to Zelensky.
Eight-Day Strike Over Below-Inflation Pay Offer Looms at UK’s Biggest Container Port
By James Tweedie – Samizdat – 05.08.2022
The bank of England warned on Thursday that the British economy was headed for a recession in the fourth quarter of the year, while think-tank the Resolution Foundation predicted inflation could hit 15 percent by the start of 2023.
Dockworkers at the UK’s biggest consumer goods port are set to strike later this month over pay — as inflation soars amid sanctions on Russia.
More than 1,900 members of Unite, Britain’s largest trade union, will walk out at Felixtowe port on the North Sea in Suffolk for eight days from Sunday August 21 to Monday August 29.
That was after employer Felixstowe Dock and Railway Company, a subsidiary of Hong Kong-based CK Hutchison, refused to increase its pay offer of seven per cent. Dockworkers accepted a rise of 1.4 percent in 2021.
“Strike action will cause huge disruption and will generate massive shockwaves throughout the UK’s supply chain,” said Unite national officer for docks Bobby Morton, but insisted that “this dispute is entirely of the company’s own making.”
“It has had every opportunity make our members a fair offer but has chosen not to do so,” Morton said. “Felixstowe needs to stop prevaricating and make a pay offer which meets our members’ expectations.”
Further talks between the union and management are scheduled for Monday.
The bank of England warned on Thursday that the British economy was headed for a recession in the fourth quarter of the year, while think-tank the Resolution Foundation predicted inflation could hit 15 percent by the start of 2023.
Unite general secretary Sharon Graham said the firm and its parent company were “massively profitable and incredibly wealthy,” and “fully able to pay the workforce a fair day’s pay”.
“The company has prioritised delivering multi-million pound dividends rather than paying its workers a decent wage,” Graham charged. “Unite is entirely focused on enhancing its members’ jobs, pay and conditions and it will be giving the workers at Felixstowe its complete support until this dispute is resolved and a decent pay increase is secured.”
Workers in other sectors are threatening or have already taken industrial action over pay as the cost of living has soared — driven by a combination of massive government relief payments during the COVID-19 lockdown and the embargo on energy imports from Russia as retaliation for its special military operation in the Ukraine.
Rail Unions RMT and ASLEF held strikes in June and July, with more on the cards as talks with employers remain deadlocked.
Even doctors have threatened to walk out over their demand for a 30 percent rise this year.
‘US-led effort to isolate Russia failed’
Samizdat – August 5, 2022
The US-led drive to isolate Russia through sanctions has not succeeded, as half the countries in the Group of Twenty leading global economies refused to sign on, Bloomberg reported on Friday.
According to the publication, senior officials from leading Western nations are surprised by the lack of support within the wider G20, despite their efforts to make the case for restrictions against Russia.
Argentina, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa, and Turkey have not joined the sanctions that were adopted by the US, UK, EU, and their allies Australia, Canada, Japan, and South Korea. Some nations, like China and South Africa, have openly criticized the restrictions. The G20 nations account for around 85% of global economic output.
According to Bloomberg, the reasons for the lack of support include strong trade ties, historical affinities to Moscow, and a distrust of former colonial powers.
UK policy on Ukraine must change before the public suffer any more
By Anthony Webber | TCW Defending Freedom | August 5, 2022
It is increasingly evident that the UK government under Boris Johnson got its policy over the Russia-Ukraine war wrong from the start. What good it did for world security and stability for our government to be involved in stirring up tensions in Ukraine is open to serious questions.
With hindsight it seems that Nato miscalculated: we should have left well alone and not interfered in this area of the world beyond encouraging talks with Russia.
Our failure to do that has brought calamity for Ukraine, and energy and food consequences which dramatically affect Europe and much of the rest of the world. It has allowed a US-led Nato to be influenced by globalist vested interests whose stated aim has been to bring down Russia, arguably to control the vast natural resources of both Russia and Ukraine.
Looking at the facts, Ukraine has 5 per cent of the world’s natural and mineral resources. Its reserves of lithium are amongst the largest in Europe. In terms of extraction, it is second globally in gallium, fifth in germanium, sixth in titanium, seventh in iron and eighth in manganese.
Ukraine has the second biggest gas reserves in Europe, apart from Russia-Asia (much of it not exploited). Europe is dependent on 40 per cent of its supplies from Russia, which Russia also supplies about 13 per cent of the world’s crude oil.
Ukraine produces 50 per cent of the world trade in sunflower oil, 14 per cent of rapeseed, 12 per cent of the maize and 9 per cent of barley. It produces 9 per cent of the world’s wheat. Russia itself is the world’s third largest producer of wheat.
Ukraine supplies 0.8 per cent of the world’s fertilisers, while Russia supplies 15 per cent.
This brief glance shows the importance of these commodities to the rest of the world. It is clear that a shortage in any of these areas will send up prices. So it should have also been clear that any sanctions against such a major supplier as Russia would only rebound on the sanctioning countries, harming them far more.
The damage done to Ukraine’s economy is inestimable. The dire effects on the economies of major European countries are reported daily. Spain is controlling the use of air conditioning. The lights have gone out in Berlin. Germany’s entire manufacturing industry is threatened. This winter will see serious energy rationing as well as unprecedented price rises and inflation
Much of this could have been avoided had not Europe committed itself to suicidal net zero policies. But there is no doubt that Britain and the EU’s intransigent position and refusal to countenance a diplomatic solution has acted as a catalyst of this crisis.
The deep irony is that it looks as if Zelensky’s Ukrainian government will have no choice but to open talks with Russia and have unnecessarily put their country through destruction, turmoil and loss of territory. At the same time the ‘Western’ countries, especially the UK, are putting their citizens through an entirely avoidable nightmare.
Johnson’s involvement with the Zelensky cause in Ukraine was always suspect. He needed a convenient distraction from the ‘partygate’ scandal. The man who never visited Afghanistan when he went along with Nato’s sell out ‘deal’ with the Taliban, letting down millions of Afghans and of course all the veterans who were sacrificed there, was ready to go to Ukraine for freedom fighting photo opportunities. There were no British interests involved in Ukraine and no defence obligations.
As this foreign proxy war progressed into a disastrous mess the media encouraged continued involvement, telling the public that Russia was hopeless and Ukraine were winning though the truth is they had been losing since day one, at a cost to the UK of more than £4.5billion, most in military aid.
The best thing the UK government under a new PM can do now is to carry out an urgent damage-limitation exercise. This means adopting a neutral position in the Ukraine conflict, stopping sanctions against Russia, and encouraging a peaceful resolution. The UK must look after its economic interests, which are not served by taking sides in this region. This is essential to halt the escalating energy, fuel and food crisis.
About a week ago the two Conservative leadership contenders had the opportunity to change their Ukraine policy when the issue came up at a debate. They both failed miserably and instead had the gall to say that they expected the public to contend with more suffering to support their Ukraine policy.
The public does not have to stand by silently. A Parliamentary petition has been started that makes the simple point that the policy on Ukraine has no electoral mandate. It states that it is the British public who must be given the right by referendum to decide on this issue if the government will not change the policy themselves.
Please click this link, sign, share and promote this: it involves the future of our country.
Shipping’s New ESG Rules Could Starve Millions
By Paul Homewood | Not A Lot Of People Know That | August 4, 2022
A shipping expert gives his views on the latest climate regulations for international shipping:
A new report found that more than 75% of ships will not meet the International Maritime Organization’s (IMO) new Environmental social and corporate governance (ESG) index aimed at decarbonizing the industry. This means that many ship owners will be forced to slow ships down to reduce emissions but doing so could deepen the global food and energy crisis by reducing available ship capacity.
“IMO decarbonization targets will cause ships to slow down delaying food shipments and people will starve,” a global security analyst told gCaptain. “How many people will die as a result of the IMO’s ESG efforts is unknown at this time. I don’t think most shipowners even understand the severity of the EEXI threat but it could be millions of lives.”
IMO EEXI ESG INDEX
“Prior to any efficiency modifications, more than 75% of the fleet — including bulkers, tankers, and containerships — will not be compliant with the Energy Efficiency Existing Index (EEXI) that will enter into force next year,” said cargo analyst Joey Daly, in the new VesselsValue report.
The challenge of decarbonization will extend to all areas of shipping, and EEXI alone will present a myriad of challenges to owners, operators and financiers. Simon Hodgkinson, who heads loss prevention at West P&I, has suggested that the new rule could be one of the most significant new shipping regulations in years. He believes it has the potential to shift the entire industry.
The International Maritime Organization’s Energy Efficiency Existing Index is a voluntary, incentive-based system that encourages ships to improve their energy efficiency. The Index uses a vessel’s speed, cargo-carrying capacity, and other factors to calculate a numerical score. The higher the score, the more energy efficient the vessel. More specifically EEXI (Energy Efficiency Existing Ships Index) is a measure of a ship’s CO2 emissions per transport work. It is similar to the Energy Efficiency Design Index (EEDI), which has been in force since 2013, but applies to existing ships rather than new ones.
The Index is designed to motivate shipowners and operators to invest in energy efficiency measures that will reduce fuel consumption and greenhouse gas emissions.
Ships have to attain EEXI approval once in a lifetime, by the first periodical survey in 2023 at the latest.
Slow Steaming
Ship owners can meet the target by building new eco-friendly ships, investing in new decarbonization technology, and upgrading existing ships to burn cleaner fuels like LNG, or by slow steaming.
Slow steaming is a technique used by shippers to reduce fuel consumption and emissions by slowing down vessels. The process involves sailing at a slower speed, typically around 50% of the vessel’s maximum speed. This can be done by reducing the revolutions per minute (RPM) of the propellers.
While older ships can be retrofitted with devices to lower emissions and meet EEXI requirements, analysts say the fix most ship owners will take is just to go slower, with a 10% drop in cruising speeds slashing fuel usage by almost 30%, according to marine sector lender Danish Ship Finance.
“They’re basically being told to either improve the ship or slow down,” said Jan Dieleman, president of Cargill Ocean Transportation, the freight division of commodities trading house Cargill, which leases more than 600 vessels to ferry mainly food and energy products around the world.
This strategy also reduces the amount of wear and tear on the vessel, which can help extend the life of the ship. But there is one ancillary effect: a potentially massive reduction in fleet capacity.
Full story here.
As I understand it, the new regulations are voluntary, so will likely be ignored by many countries. However, shipping lines ignoring the diktat may find themselves punished by banks and insurers, operating to strict ESG rules:
“As the IMO prepares to rate the energy efficiency of ships on a EEXI scale of A to E, shipping companies will come under increasing pressure to meet these targets not just from regulators but also from banks.
In 2019, a group of banks committed to efforts to cut carbon emissions when lending to shipping companies. This group of banks established the Poseidon Principles, a global framework that is consistent with IMO policies on environmental grounds. As of today, 28 banks have signed on to the Poseidon Principles.
The Poseidon Principles are fairly new but are already having a ripple effect on finance and insurance, as banks and other lenders begin to factor in a company’s carbon emissions when making lending decisions.
What this means for shipowners is that even if they find a way around the IMO’s ESG regulations, steaming at normal speeds could increase their carbon scores and have a negative effect on financing options and stock prices”
This demented obsession with decarbonisation brings a painful dilemma:
Slow steaming means in effect less global shipping capacity, leading to a potential bottleneck on supplies. As the article explains:
“Is a reduction of capacity really a troubling problem? Yes.
Nobody is calculating the price of a good ESG score in terms of human lives,” said one global security analyst who wished to stay anonymous. “The question is no longer if people will starve to death because of IMO decarbonization targets. The question is how many?”
The most troubling fact from our conversations with global security analysts was that millions could die before famine even sets in.“
And longer shipping times mean higher journey costs, despite the savings on fuel, adding to the cost of everything we import.
The alternative, of course, is to simply build more ships to bring shipping capacity back into equilibrium. The building of these ships will, of course, carry an enormous carbon footprint of its own, eliminating any potential savings from fuel efficiency for many years to come.
And China?
Any discussion about international shipping must take into account the role of China, who are believed to control the world’s second-largest shipping fleet by gross tons and constructed over a third of the world’s vessels in 2019.
Will they follow these rules?
One of the reasons for their global dominance of shipping lies in a complicated and opaque system of formal and informal state support that is unrivalled in size and scope, and which includes subsidised finance from state banks, who are unlikely to be concerned with ESG.
While China may pay lip service to these new regulations, given their total disregard for ESG in other industries, I would strongly suspect that they will just carry on building up their shipping industry, taking advantage of the West’s weakness.
And the West’s economic dependence on China will grow ever more dangerous.
Swiss People’s Party Says Anti-Russian Sanctions Violate Switzerland’s Constitution
Samizdat – August 3, 2022
The adoption of anti-Russian sanctions violates Switzerland’s Constitution, Swiss People’s Party, also known as Democratic Union of the Centre (UDC), stated on Wednesday.
“The introduction of sanctions violates the neutrality of the country, and, consequently, its Constitution. The Constitution stresses that Switzerland is neutral. We are against sanctions,” UDC press secretary Andrea Sommer said.
The statement was made shortly after the Swiss Federal Council announced that the seventh package of sanctions against Russia had been given a green light.
“… the Federal Council imposed further sanctions against Russia on 3 August in line with the EU’s latest sanctions on gold and gold products. The measures come into force at 6pm on 3 August,” the council said. The latest sanctions also include an asset freeze on Sberbank.
Last week, a Swiss bank also froze a personal account of Russian Permanent Representative to the United Nations in Geneva Gennady Gatilov.
According to the Russian permanent mission to the UN office, the fact that Switzerland lost its neutrality did not only affect its political and economic relations with Russia but also daily life of diplomats in Geneva.
“The situation is also escalated by artificial obstacles in the daily life of our diplomatic mission. A number of banks, insurance and car maintenance companies, with which we had long-standing partnerships, decided to abandon the contracts they had with us, while openly saying the reason – because we are from Russia. Even the personal account in the local bank of the Russian permanent representative in Geneva, which was used, among other things, to cover medical expenses, was frozen,” the mission told Sputnik.
Switzerland has adopted seven packages of sanctions against Russia that include an embargo on Russian oil supplies, import of caviar, seafood, coal, timber and cement, among others. Switzerland prohibited support for Russian entities in public ownership and registration of trusts for Russian nationals or residents.
The sanctions were imposed in response to Russia’s special military operation to de-Nazify and demilitarize Ukraine and protect the Donbass population.
Former German chancellor says Russia wants a ‘negotiatated solution’
Free West Media | August 3, 2022
Former German Chancellor Gerhard Schröder has expressed confidence that Russia would seek a negotiated solution to the Ukraine war. During his recent trip to Moscow, he also met with the Russian President. According to him, the Kremlin would like to negotiate.
“The good news is that the Kremlin wants a negotiated solution.”
In an interview with Stern magazine and RTL/ntv broadcaster, he said that the recently reached agreement on grain exports from Ukraine was an “initial success” that could perhaps “slowly be expanded into a ceasefire”.
In addition, the SPD politician again defended his contacts with Russia stating that it was not illegal.
In view of the gas crisis, the former chancellor also recommended commissioning the Nord Stream 2 pipeline from Russia and described this as the “simplest solution” in view of possible gas bottlenecks.
“It’s over. When things get really tight, there is this pipeline, and with the two Nord Stream pipelines there would be no supply problem for German industry and German households.”
“If you don’t want to use Nord Stream 2, you have to bear the consequences. And they will also be huge in Germany,” said Schröder. Anyone who heats with gas is already feeling the effects: that is half of the country’s 40 million households. Compared to the prices of December 31, 2022, gas will quadruple after further increases for consumers have been announced.
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Book Review
The Zeolite Book — First Edition, 2026, Paperback
The volcanic mineral medicine will not patent — for the toxic burden medicine will not name
Lies are Unbekoming – October 30, 2026
Zeolite is old. It is in Roman concrete that has held for two thousand years. It’s in the water filters of ancient cisterns. It’s in the stomachs of Pacific livestock whose keepers knew, somehow, that this grey crumbling rock made the animals healthier. It’s in Soviet clinical protocols from the 1960s. It’s in the standard emergency response to the Chernobyl explosion.
In 1986, after the Chernobyl reactor failure, the Soviet Union manufactured and distributed natural zeolite at industrial scale — for soil remediation, for livestock feed, for human consumption, for the cleanup itself. Karl Hecht, who had been director of the Institute for Experimental and Clinical Pathophysiology at the Charité of Humboldt University Berlin, spent the six decades after that building the clinical research base — on silicon’s role in human health, on zeolite’s clinical safety, on its applications in ageing. In 2018, Pavelić and colleagues published a comprehensive clinical safety review of natural clinoptilolite in Frontiers in Pharmacology. In 2019, Mastinu analysed its binding affinities. In the Western medical literature, these works sit largely uncited.
What has not been treated at book length, until now, is how a volcanic mineral with six decades of Soviet clinical work behind it, two major peer-reviewed Western reviews, and ongoing clinical use across the former Eastern Bloc, remains almost entirely absent from Western medical practice — and what the toxic burden it’s meant to address actually is.
The Zeolite Book gathers the Soviet clinical record, the Western peer-reviewed studies, three contemporary practitioner voices, and three serious counterviews into one honest treatment. That’s why the book runs to seven appendices. 288 pages, four parts, three practitioner voices, three counterviews, seven appendices. The honest treatment is the argument.
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- The Case for Less Unity in Europe
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- US September “Heat” Was No Record…Many Records Set Decades Ago
- Latest European Green Energy Debacle; Portugal’s Largest Flagship Solar Park Insolvent!
