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This compilation of financial insights includes videos from Tech Revolution, Arcadia Economics, Rons Basement, and Liberty and Finance.
Tech Revolution shares news of the gas crisis in Europe worsening as countries defy Western sanctions to secure Russian gas. Vince Lanci joins Arcadia Economics to discuss silver EFP drops and the seasonal factors ahead. Ron talks about CPI inflation and a pending change with silver and gold. Shane Williams joins Liberty and Finance to discuss why gold is setting up for another run.
Tech Revolution
Sep 11, 2023
In the complex world of geopolitics and energy, Europe finds itself at a crossroads, facing a puzzling dilemma that touches both its strategic interests and sustainability goals. As global tensions rise, Europe’s energy landscape has become an arena where political maneuvering and economic necessity collide. Recent developments have brought to light an ironic situation.
Despite the imposition of sanctions, the European Union continues to spend billions on Russian gas imports. How does this risky situation reflect Europe’s energy struggles? In this video, we’ll inspect the multifaceted layers of Europe’s energy landscape, considering the interplay of political considerations, economic realities, and the ever-pressing need for diversification.
So, it turns out that while the European Union is tightening the screws on sanctions against Russia, they’re also shelling out quite a bit for Russian liquefied natural gas. A new analysis from Global Witness tells us that EU nations, Spain and Belgium leading the pack, have collectively spent around €5.3 billion this year to snag more than half of Russia’s LNG stocks.
According to the campaign group, it’s like these countries are inadvertently giving a financial boost through their purchases of this chilled-out natural gas.
It’s quite the contrast to the UK, which has managed to stay off the Russian LNG train this year. The EU’s increasing reliance on LNG is throwing a bit of a curveball at their plan to kick the habit of Russian fossil fuels by 2027.
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Now, you might be wondering how this all fits into the bigger picture. Well, the EU has already said no to Russian crude and oil via the sea routes, and they’ve significantly cut down the flow of Russian gas through pipelines.
But, here’s the twist: buying LNG isn’t under the same restrictions, and the numbers are speaking loud and clear. European countries got their hands on a whopping 22 million cubic meters of LNG between January and July alone.
That’s up a solid 40% from the same period back in 2021. Believe it or not, EU countries are now major players in the Russian LNG market. Spain and Belgium are almost leading the global pack, right behind China, as the largest importers.
And it’s not just them. France, the Netherlands, and Greece are also big fans of this cool energy source. Now, hold on tight, because things are getting a bit complicated. A senior campaigner at Global Witness, Jonathan Noronha-Gant, says this situation is a “climate disaster and security risk.”
He’s worried that this LNG shopping spree is fueling not just aggressive behaviors, but also contributing to extreme weather events. And he’s not holding back. He compares buying Russian gas to buying Russian oil, both of which he says are indirectly supporting conflicts like the one in Ukraine.
Surprisingly, some EU voices are echoing similar concerns. Kadri Simson, the EU’s energy commissioner, has urged member states and companies to rethink their Russian LNG purchases, mainly due to the “reputational risk.”
Even Spain’s energy minister, Teresa Ribera, has chimed in, urging companies to think twice about new contracts with Russia. But, here’s the catch, Without proper sanctions in place, companies that halt their Russian LNG purchases could end up paying penalties for breaking their existing deals. It’s a bit of a sticky situation.
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Analysts are also warning that enforcing a ban could be a bit of a headache. How do you make sure that those LNG cargoes from other countries don’t have a hint of Russian gas? And suppliers might not be so thrilled about proving their LNG’s origin, which could lead to some price hikes.
As for the EU’s 2027 deadline to kick the Russian fossil fuel habit, that’s meant to give some countries more time to adjust. Over in the UK, the US has stepped up its game, supplying half of the UK’s LNG in 2022, taking the crown from Qatar.
All of these are happening in the background. All while the EU is on a mission to make its energy scene cleaner and greener.
They’re looking to shake off their reliance on old-school fossil fuels and switch to more sustainable options. The EU is serious about fighting climate change and has set its sights on being carbon-neutral by 2050. The EU is shooting for the stars, aiming to have 32% of its energy come from things like solar, wind, and hydropower by 2030. It’s like a futuristic makeover for the energy landscape.
Arcadia Economics
Premiered Sep 11, 2023
One of the significant changes in the silver market over the past week has been a drop in the EFP (exchange for physical), with the spread between spot silver and the futures narrowing.
It’s not a very widely talked about factor, and not always the most easily understood. So in today’s show Vince Lanci goes through the recent change, and helps to explain what’s actually happening and why.
In addition to breaking down the EFP change, Vince also takes a look at the seasonality of silver, and goes through the charts on how silver has performed in recent Septembers. He talks about the various market forces that will be coming into play as we proceed throughout the rest of the year, and how he expects the silver price to respond.
So to get your week started with the latest silver news, click to watch this video now!
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Rons Basement
Streamed live Sep 11, 2023
In this eye-opening video, we delve into the pressing concerns facing the United States Federal Reserve, as the global economy teeters on the brink of recession, accompanied by surging inflationary forces exemplified by soaring oil and skyrocketing food prices. We explore the evolving dynamics of the Federal Reserve’s influence under the leadership of Jerome Powell in an increasingly interconnected world economy. Join us as we analyze the prospects of silver and gold bullion prices, shedding light on an optimistic outlook amid these turbulent financial times. Don’t miss this critical discussion on the forces shaping our economic future.
In this eye-opening video, we dive into the shifting tides of the precious metals market. Silver bullion investors and Gold Stackers, prepare to be amazed, as we explore the unprecedented conditions propelling silver and gold prices to new heights. With the global economy slowing amidst a looming recession, and central banks grappling with a fierce battle against inflation, we find ourselves at a unique crossroads. Monetary policy tools have been nearly depleted, paving the way for an era of inflationary recession or stagflation. Brace yourselves, as we dissect why the silver and gold bullion prices are poised for a remarkable ascent in this changing landscape. Don’t miss out on this critical analysis of the precious metals market’s future prospects!
Liberty and Finance
Premiered Sep 11, 2023
Shane Williams, CEO of West Red Lake Gold, says gold appears to be setting up for another major bull run. His company has recently acquired the Madsen project, scooping it up for pennies on the dollar. Williams argues that his project will provide investors with further leverage to the anticipated bull move in gold.
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