• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 15 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 22 mins CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 2 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 3 hours NordStream2
  • 21 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 28 mins Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 4 days Modest drop in oil price: SPRs vs US crude inventory build
  • 4 days 2019 - Attack on Saudi Oil Facilities.
  • 6 hours "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 5 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 days Ukrainian Maidan after 8 years
Editorial Dept

Editorial Dept

More Info

Premium Content

Turkey Is Suffering As Natural Gas Prices Soar

Geopolitics, Politics & Conflict

Turkey is one of the biggest natural gas importers in Europe and now finds itself in a difficult position where it has to buy more gas at skyrocketing spot market prices to get through the winter as contracts expire. Making matters worse, the lira is in a free-fall thanks to Erdogan’s latest move against the Central Bank, signifying that the bank is definitely not independent. This week, Erdogan fired three of the bank’s monetary policy committee members and replaced them with his own stooges. He’s also fired three central bank governors in less than three years. This latest move has sent the lira spiraling to a record low.

At a summit this week, European Union leaders pledged more support (vaguely) to Ukraine, the victim of Moscow’s gas politics, which has succeeded in bypassing Ukraine with gas and depriving it of much-needed transit revenues. Ukraine is not likely feeling any more at ease over what is largely an empty gesture at this point.

The fourth and fifth days of protests following a march through D.C. culminated in dozens of protesters staging a sit-in at the Department of the Interior, demanding that Biden halt approval for fossil fuels projects. Outside the venue, other demonstrators who did not make it into the building attempted to push past police, prompting police to use tasers. One police officer was reportedly sent for medical treatment as a result of the altercation. Indigenous…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News