Posts by davepulis

Tesla To Announce New $3.5 Billion Production Facility For Semis In Nevada

If there’s a demand problem, Tesla certainly isn’t acting like it. Just days after the company slashed prices on its models in both the U.S. and China, it is now being reported that Tesla is seeking to open yet another production facility – this one slated to be in northern Nevada.  The planned $3.5 billion plant is going…

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Norway Replaces Russia As Germany’s Top Gas Supplier

Norway became Germany’s single-largest natural gas supplier in 2022, overtaking Russia, as total German gas imports dropped by 12.3% compared to 2021, the German Federal Network Agency, Bundesnetzagentur, said on Friday. Norway provided 33% of the gas Germany imported last year, followed by Russia, whose share fell to 22% for last year, compared to a 52% share in…

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NASA Considers SpaceX For Emergency Return Mission For Potentially Stranded Astronauts

spacex

Three weeks ago, the Russian Soyuz spacecraft sprang a coolant leak while docked at the International Space Station, leaving the craft’s spaceworthiness in question.  NASA and Russia’s space agency, Roscosmos, have been investigating what caused a punctured coolant line. The Soyuz is supposed to return two cosmonauts and one US astronaut to Earth this month. Reuters said…

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Europe’s Big And Expensive Energy Mistake

Europe failed to prioritize energy security and has now found itself overly reliant on Russian energy and paying sky-high prices for power France is dealing with this issue by renationalizing its largest utility in order to ensure the survival of nuclear power. Germany, which is arguably the country that has suffered most from energy security…

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Here’s How The Energy Crisis Turns Into Hunger And Then… War?

We have previously warned about a whopping food crisis and supply problems in the fertilizer market. Well, now is worse because that was BEFORE we had the natural gas crisis. Why is that important? Natural gas is THE critical input into making fertilizer. Urea is essentially ammonia in solid state, the process of which entails…

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Top US Fertilizer Producer Hit With Rail Delays To Midwest

A fertilizer supply shock is imminent for US farmers as CF Industries Holdings, Inc. warned Thursday that rail shipments of crop nutrients would be reduced to top agricultural states, which couldn’t come at the worst time as the Northern Hemisphere spring planting season is underway.  The world’s largest fertilizer company said Union Pacific had hit it with…

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The Commodity-Currency Revolution Begins…

We will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system. The ending of the financially based…

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Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides

El Salvador’s bitcoin bond is a contributing factor to a slide in its dollar-denominated debt, but not the sole reason. El Salvador’s dollar-denominated debt has taken a beating in recent weeks, with observers blaming President Bukele’s plan to issue bitcoin bonds for the sell-off. But there’s more to the decline than meets the eye. “Salvador’s…

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Dubai Free Zone Becomes First UAE Government Entity to Accept Bitcoin

The free zone accepts payments in bitcoin, ether and the tether stablecoin.Dubai(Rasto SK/Shutterstock)Tanzeel AkhtarFeb 17, 2021 at 1:09 p.m. Updated Feb 17, 2021 at 3:52 p.m. Cryptocurrencies are now accepted as a form of payment at the KIKLABB free trade zone in Mina Rashid, Dubai. With the news, KIKLABB has become the first United Arab Emirates…

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EuroMed Capital co-organising blockchain conference for G-Global

EuroMed Capital is honoured to co-organise the first ever blockchain conference taking place during the G-Global congress. G-Global is a platform for communication and a recognised partner of China’s Belt and Road Initiative (BRI). Other prominent co-organisers include the United Nations Economic and Social Council (ECOSOC), the United Nations Conference on Trade and Development (UNCTAD),…

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