Barter, Media of Exchange, and Colonial America

EU NatGas Nears Mutli-Year Highs Even As Citi Sees Supply Crunch Easing Europe's main natural gas price benchmark is headed for multi-year highs despite the "energy ceasefire" reported between Russia and Ukraine over the weekend and improving Strait of Hormuz energy flows. Europe is heading into the Northern Hemisphere winter without Qatari LNG exports and with storage levels well below 15-year lows. Dutch TTF futures trade around 83 euros per megawatt-hour, the highest level since early 2023. The September pullback to around 70 euros per megawatt-hour was short-lived. "Even without Qatari LNG exports,...

Britain Is Accelerating Towards Crisis Authored by David Betz and Michael Rainsborough via The Daily Sceptic, Something is going badly wrong across Western societies, and the sense of political dislocation is no longer a fringe concern. Trust in institutions has fallen, established political parties are losing support and arguments over immigration and national identity have become sharp dividing lines. In Germany, the President now warns openly of a return to the political divisions of the Weimar era. In France, a protest movement that began in schools has spread across the country, bringing...

Iraq has shut down some oil wells. As have Kuwait, Qatar, Bahrain, the Emirates and Saudi Arabia. Qatar has also shut down is gas wells and the process ‘trains’ needed to liquefy natural gas. All this because of the virtual closure of the Strait of Hormuz and because of potential missile and drone attacks on the fragile […]