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A global recession is on the horizon - please read OP for mod warning

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    #2612
    brickster69
    Registered Users Posts: 5,548 ✭✭✭brickster69


    https://www.boards.ie/discussion/comment/119524547#Comment_119524547

    Difficult to say without the exporters saying they will curb LNG and oil product exports and by how much. But for Europeans if LNG exports were cut it would not be great seen as Europe is quite reliant now on the US .

    Seen as the US is also the largest exporter of refined products at the moment any cut in those on top of losing Russian oil would not be too great either.

    Put it one way prices would not come down you would imagine.

    “The earth is littered with the ruins of empires that believed they were eternal.”

    - Camille Paglia



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    #2613
    road_high
    Registered Users Posts: 19,407 ✭✭✭✭road_high


    Savage increases- European “green” cult obsessed governments have really and truly fcuked up our energy and food supply chains- well done all



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    #2614
    rob316
    Registered Users Posts: 18,042 ✭✭✭✭rob316


    https://www.boards.ie/discussion/comment/119524864#Comment_119524864

    They couldn't care less about small companies, 55% of our tax take comes from 10 companies. The big headline economy figures don't reflect what is happening on the ground.



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    #2615
    brickster69
    Registered Users Posts: 5,548 ✭✭✭brickster69


    We must all make sacrifices !

    france.jpg


    “The earth is littered with the ruins of empires that believed they were eternal.”

    - Camille Paglia



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    #2616
    Danzy
    Registered Users Posts: 13,826 ✭✭✭✭Danzy


    https://www.boards.ie/discussion/comment/119525358#Comment_119525358

    That should be on the front page of every paper in Europe.


    It may well be a pivot point in history for Europe.


    European leaders keep talking about a war economy, but we keep thinking that the fight is just in Ukraine.


    That's a front, the main front for Putin is Western Europe and his aim is to break it by energy and food strangulation. He may well succeed in that and the West will certainly destroy his army with a dribble of advanced weapons to Ukraine.


    Food supply is going to be a big problem for the next decade. Putin's idea is a swarm of people heading north to Europe. Not just Merkel's invited 1.5mn but tens of millions.


    Will Europe do what needs to be done to survive? We both know that the answer to that is no.



    Putin has always talked about this in existential terms and it is.


    Ukraine is just a part of it. Gas is just a weapon.



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    #2617
    Ozark707
    Registered Users Posts: 949 ✭✭✭Ozark707



    It doesn't appear the the Fed pivot is around the corner.


    Jay Powell declared the Federal Reserve “must keep at it until the job is done” as he used a speech at Jackson Hole to deliver his most hawkish message to date on the US central bank’s determination to tame soaring inflation by raising interest rates. In a hotly anticipated address at the first in-person gathering of global central bankers since the pandemic, Powell said reducing inflation would probably result in “a sustained period of below-trend growth” and predicted there “will very likely be some softening of labour market conditions”. “These are the unfortunate costs of reducing inflation,” Powell said as he predicted “some pain” for households and businesses, adding: “But a failure to restore price stability would mean far greater pain.”


    https://www.ft.com/content/f2a6d9ac-24de-4e10-8fd6-924e8a45b047



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    #2618
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Was there any legislation been brought to power about data centre can be built only if company has own source of energy ? I heard about it around year ago.



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    #2619
    timmyntc
    Registered Users Posts: 7,035 ✭✭✭timmyntc


    https://www.boards.ie/discussion/comment/119525440#Comment_119525440

    On food supply issues, Ukraine conflict and energy issues will not affect Middle East/Africa as much as it does Europe. Of Ukrainian grain ships, something like 2 out of 34 went to Africa. A lot went to Europe to be used as animal feeds, and to keep the price of food artificially low by flooding market with cheap Ukrainian grain.

    Most African countries get their food from Russia not Ukraine. Presumably this will continue.

    Seeing as Europe doesnt have much oil and gas resources of its own, it will likely see hardship before Africa and the Middle East, who are oil & gas rich. The real migration tends for the next decade will be out of Europe and into the US, Asia. The energy crisis will be worst in Europe



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    #2620
    Darth Putin
    Registered Users Posts: 644 ✭✭✭Darth Putin


    https://www.boards.ie/discussion/comment/119523779#Comment_119523779

    4 times smaller than a story of Europes largest nuclear plant being vandalised by his Russian barbarian countrymen in same screenshot

    I guess if that turns into Chernobyl on steroids some here would be cheering as “ah sure at least house prices be cheaper”



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    #2621
    brickster69
    Registered Users Posts: 5,548 ✭✭✭brickster69


    https://www.boards.ie/discussion/comment/119525440#Comment_119525440

    Let's face it, the sanctions were imposed in the belief that the Russian economy would collapse. One country with an economy the size of Spain has faced the largest sanctions ever imposed by 40 of the worlds largest economies and they have only responded by cutting gas supply, that is it.

    Surely it is the duty of our governments to calculate what the is the worst possible thing the other side can do in return and how would it damage us. This has not been done obviously, or it has and they don't care about the repercussions on us.

    Either way western government leaders voted for this and now we have the consequences of that miscalculation.

    The whole European business model was built of cheap Russian pipeline energy so they could compete with other areas. Now those other areas are going to be getting the cheap **** and we get the expensive ****.

    Germany paid out 1% of it's GDP on gas imports now it is 8.4% just on ****ing gas alone.

    “The earth is littered with the ruins of empires that believed they were eternal.”

    - Camille Paglia



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    #2622
    Darth Putin
    Registered Users Posts: 644 ✭✭✭Darth Putin


    https://www.boards.ie/discussion/comment/119524375#Comment_119524375

    Do you actually have any links to backup your statements, you making it out as if Irish tax payers are helping when in reality most of the aid came from the US (European promised aid actually hasn’t for most part materialised)

    So far US has spent about 50 billion in 6 months, which is peanuts to them, for comparison they spent 2.6 TRILLION over 20 years on Afghanistan alone



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    #2623
    Darth Putin
    Registered Users Posts: 644 ✭✭✭Darth Putin


    https://www.boards.ie/discussion/comment/119525905#Comment_119525905

    By their own statistics office (so in reality much worse) they are already in a depression 2x deeper than Ireland hit in 2008, and that’s only in first 6 months, only gets worse for these fuckers from here

    btw every political party in Ireland supports helping Ukraine defend from these nazis, do you have someone in mind who would acted differently? Do tell

    Yes the government (and previous ones) is partly to blame for becoming so reliant on wind which in turn needs gas 2/3rds of time, but some of us been shouting from rooftops about this policy mistake which is now finally coming into focus



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    #2624
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    https://www.boards.ie/discussion/comment/119525956#Comment_119525956

    Keep dreaming ! Keep dreaming! Nobody doesn't give a s... about it ! People has to pay bills here ! And nobody interested read your barbarian b.s !



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    #2625
    Darth Putin
    Registered Users Posts: 644 ✭✭✭Darth Putin


    https://www.boards.ie/discussion/comment/119526052#Comment_119526052

    Paying bills would be the least of our concerns if your uncultured countrymen whom you so admire (earlier in thread boasting about looting of trillions in resources) while openly despising us Irish (repeatedly on this very thread earlier) cause a Chernobyl x10



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    #2626
    Deub
    Registered Users Posts: 1,320 ✭✭✭Deub


    https://www.boards.ie/discussion/comment/119526052#Comment_119526052

    To be fair, you do exactly the same but in the opposite direction.



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    #2627
    brickster69
    Registered Users Posts: 5,548 ✭✭✭brickster69


    https://www.boards.ie/discussion/comment/119525956#Comment_119525956

    Who cares. Try explaining that to the millions of people and businesses in Europe who will be sh**ting themselves now in the middle of August, if they are going to have a job or afford energy bills this winter.

    You can guarantee shortly they will be going crazy if governments are sending money for a US crusade that is doomed to fail while they struggle to survive. Do you honestly think they will be jumping down the rabbit hole like you have ?

    “The earth is littered with the ruins of empires that believed they were eternal.”

    - Camille Paglia



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    #2628
    brickster69
    Registered Users Posts: 5,548 ✭✭✭brickster69


    Not really clued up on the Fertilizer game but this map seems to of taken a big turn for the worst the last week or two. CF yesterday in the UK halted production so it seems up to date.

    fert.png


    “The earth is littered with the ruins of empires that believed they were eternal.”

    - Camille Paglia



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    #2629
    Darth Putin
    Registered Users Posts: 644 ✭✭✭Darth Putin


    https://www.boards.ie/discussion/comment/119526184#Comment_119526184

    The amount sent in aid to Ukraine in 6 months is only 1/6th of Russian money frozen in February

    which is cheap compared to Russians creating yet another nuclear disaster



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    #2630
    Danzy
    Registered Users Posts: 13,826 ✭✭✭✭Danzy


    https://www.boards.ie/discussion/comment/119525905#Comment_119525905

    Russia sells very little to the world but what it does is needed.


    Russia has been planning for a long time, Merkel's corruption, others lethargy and greed have all played part in putting our collective western nuts in a vice.


    If the sanctions were dropped tomorrow, Why would Putin increase Gas. That ensures a European victory over Russia, Russia goes back to being an also ran glorified supply depot paid well for it's role by the masters in Western Europe. Locked in once more.


    That is an existential loss for Russia. 100k dead soldiers and just holding on to a bit of Ukraine, a domestic economy outside of energy exports on the floor, that's not defeat, that's just hard and shi77y times and a smouldering ruin of an army.

    Post edited by Danzy on


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    #2631
    bb12
    Registered Users Posts: 886 ✭✭✭bb12


    https://www.boards.ie/discussion/comment/119525485#Comment_119525485

    apparemtly the rule is there now for new data centres but does not apply for any existing centres or those that are already through the planning stage but not built yet

    the blame game is already beginning with gov blaming eirgrid for not keeping up infrastructure and eirgrid saying gov ignored their warnings...

    i'd say rolling blackouts this winter are a definite at this stage



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    #2632
    joseywhales
    Registered Users Posts: 4,036 ✭✭✭joseywhales


    Anyone I've ever talked to from eirgrid or esb before that has complained about our perilously fragile baseload and I'm going back ten years. I'll be going with the ignored the experts concerns reason.



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    #2633
    Darth Putin
    Registered Users Posts: 644 ✭✭✭Darth Putin


    There is a thread in parallel pointing out who retarded it was to blindly follow the same Energiewende policy of Germany and hence ending up so reliant on gas to cover up the variability of renewables (not producing much 3/4 of time) and hence ending up dependent on whims of dictators who want to destroy our way of life and bring everyone down to the level of misery they inflict on own.



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    #2634
    Shank Williams
    Registered Users Posts: 361 ✭✭Shank Williams


    this Is just the speeding up of the decline in industrial civilisation that has benn ongoing over past 2 decades- no more cans to kick or roads to kick them down.

    we will see people dying of hunger on a large scale in what are considered 1st world countries in next few years.

    long term we are in a downward spiral, we might stall on a few ledges on the way down, tough for most to wrap their heads around it but that’s what’s happening



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    #2635
    Danzy
    Registered Users Posts: 13,826 ✭✭✭✭Danzy


    If Europe is hungry then most of the world will be long dead from starvation.


    People don't appreciate how great the land in Europe is, how unique that is.

    Nor do they understand how shi7 the land from West Africa to central China largely is.



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    #2636
    EOQRTL
    Registered Users Posts: 1,274 ✭✭✭EOQRTL


    https://www.boards.ie/discussion/comment/119525898#Comment_119525898

    You know the scary thing about the ticking timebomb that is the nuclear power stations story, i tuned into the news on the radio today and the announcement of a concert next summer in Slane castle was of more importance. That's where the modern world is at now.



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    #2637
    Danno
    Registered Users Posts: 8,913 ✭✭✭Danno


    https://www.boards.ie/discussion/comment/119525233#Comment_119525233

    And to be fair, it didn't take them long either.

    Everywhere these communist wolves show up in sheeps clothing they've ballsed everything up.



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    #2638
    Danno
    Registered Users Posts: 8,913 ✭✭✭Danno


    https://www.boards.ie/discussion/comment/119525358#Comment_119525358

    I predict a big cash trade for "meter dodgers" in the coming 18 months.



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    #2639
    Danzy
    Registered Users Posts: 13,826 ✭✭✭✭Danzy


    https://www.boards.ie/discussion/comment/119527029#Comment_119527029

    Exactly, the price of electricity bought 12 months out, as many small and not small businesses have to do, as many households in Europe have to do is at levels that would break the richest.



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    #2640
    Wolf359f
    Registered Users Posts: 5,804 ✭✭✭Wolf359f


    https://www.boards.ie/discussion/comment/119527397#Comment_119527397

    I still don't get why electric vehicles get to charge at such a massively reduced rate 8.4c vs 32c especially if we're burning gas to charge them, when gas is the fuel that's driving up the cost of electricity or heating homes. Any way to charge up a electric vehicle for 8.4c and plug it back into the grid and sell the electricity for 32c? Be like a new version of the cash for ash scandal up north!



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    #2641
    Danzy
    Registered Users Posts: 13,826 ✭✭✭✭Danzy


    https://www.boards.ie/discussion/comment/119527601#Comment_119527601

    It's still cheaper than diesel or petrol.


    At the rate it's all going up every week it doesn't matter , no one will afford any option.



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