This compilation of financial insights includes videos from Rons Basement, Lena Petrova, and Tech Revolution.
Ron says there will be a major revaluation for gold and silver. Lena Petrova discusses the rise of oil prices as Russia imposes export ban on diesel and gas to stabilize domestic prices. Tech Revolution shares news of Russia’s unexpected move to denounce all crude oil exports will leave the oil market in chaos.
Sep 23, 2023
September 23, 2023
In this compelling video, we delve into the intriguing possibilities of a major reset in the silver and gold bullion markets, a potential seismic shift driven either by powerful market forces or the unprecedented decision of central banks to revalue gold. With central banks globally amassing substantial gold reserves and notable figures like Dutch and German Central bankers hinting at gold reevaluation as a means to address their balance sheets, the stage is set for a riveting exploration of what could be a game-changing moment in precious metal investments. Tune in to gain a deeper understanding of the factors at play that could usher in a transformative era for silver and gold bullion prices.
Sep 23, 2023
BREAKING: Oil Prices Rise As Russia Imposes Export Ban On Diesel, Gas To Stabilize Domestic Prices
Sep 23, 2023
Imagine European leaders scratching their heads, wondering how they can watch yet another industry, crucial for the global energy shift, slip through their fingers to China. Ann Mettler, the vice president of Europe at Breakthrough Energy and a former bigwig at the European Commission, is sounding the alarm about this.
Now, we’ve all heard the lamentations about Europe losing its solar industry to China, right? But guess what? There’s a new player on the field, and it’s the wind sector. Yep, it started right here in Europe, just like grandma’s secret cookie recipe.
Europe nurtured its wind industry over the years with loads of cash for research, generous subsidies, and policies. Right now, Europe boasts five of the top 15 wind turbine makers. With the world switching to cleaner energy faster than a race car, you’d expect these companies to be raking in the dough, right? Wrong! They’re in hot water, facing their worst crisis ever with losses piling up and profit warnings echoing like a broken record.
These aren’t problems you can just sweep under the rug. Nope, they’ve been brewing for years. It’s gonna take a serious European game plan to deal with it. We’re talking about testing if all those big promises of making things safer, self-sufficient, and bringing back industry are gonna work.
In response to all of this, the European Union is finally taking some much-needed action. They’re beefing up their Net Zero Industry Act by adding non-price criteria. Think sustainability and system integration factors.
They’re also offering a way out if these criteria lead to a price hike of over 10 percent. You can see the signs already. China’s sales in Europe are going up. And while the EU itself isn’t completely taken over yet, it’s happening around the edges.
From Serbia and Turkey to Ukraine, China’s wind turbines are popping up like mushrooms after the rain. It’s like they’re playing a giant game of Monopoly. Now, while the EU talks a big game about “European standards”, they might just be tempted to throw those standards out the window and buy cheap, subsidized Chinese tech.
But hold on a minute, do we trust those 300 sensors on each turbine, all connected to critical infrastructure, to be safe from illegal data transfers or possible sabotage? And let’s not kid ourselves, this isn’t just an economic issue. It’s a security and sovereignty problem too.
The inconsistencies are piling up, and we’re already feeling the effects – less industry, fewer jobs, and shaky investor confidence. Not a great recipe for success.
Chinese firms are offering this nifty “deferred payment” option, letting developers skip payments for turbines until they’re up and running, or even for three years after they order them.
European manufacturers can’t do that, even if they wanted to. It’s like playing soccer with one team on roller skates and the other in cleats. Not exactly a fair match. So, here’s the bottom line. Europe’s wind industry is in deep trouble, and we can’t just sit back and hope for the best. We need some serious policy action.
It’s time for the EU’s big shots, like Ursula von der Leyen and Thierry Breton, to step up. They can’t, in good conscience, let another European-born industry slip away to China.
To make this happen, they should gather everyone around the table – from turbine makers to key countries, utilities, project developers, EU policymakers, and even the European Investment Bank. And don’t even think about kicking this can down the road. We need action in this legislative cycle, before those European Parliament elections in June 2024. Waiting any longer might just be the nail in the coffin.
Plus, let’s get the EU and the U.S. on the same page. They both have skin in the game, with GE Renewables in trouble too. So, let’s align our efforts and work together. There’s a plan for a Green Transatlantic Marketplace, and they better make it work, or China will be calling all the shots.
With solar, Europe might have gotten away with some complacency. But with wind, it’s a different ball game. We’re talking about an industry with endless potential and a key role in every major EU policy.
If they mess this up, we’ll only have ourselves to blame. Time to roll up our sleeves and save their wind industry. And as if that wasn’t enough, Russia is once again considering the possibility of banning all crude oil product exports as a means to stabilize volatile fuel prices within the country.
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