Energy crisis grips the world: Lebanon runs out of power, India warns its coal-fired plants could go dark in just three days, blackouts hit China and gas prices soar in Europe
- Lights go out in Lebanon as biggest two power stations shut due to fuel shortage
- Energy network unlikely to be restored for ‘several days’, according to officials
- Meanwhile, some Chinese provinces are rationing electricity amid crisis
- Europeans are paying exorbitant prices for liquefied gas and India is low on coal
- Comes as world leaders prepare to meet in Glasgow for the Cop26 summit
🇨🇳Power Struggle: China Shuts Down & Cities Go Dark in Worst Electricity Crisis in Decade
— The RAGEX (@theragex) October 9, 2021
There is a bigger bottleneck at the Chinese ports…
China and India are now facing an eminent power crisis as fuel and coal does not arrive..
Food prices are rising globally..
Entire global supply chain has been thrown into chaos..
This is a direct byproduct of Lockdowns.. pic.twitter.com/6TqPQGMCPH
— Zaid Hamid (@ZaidZamanHamid) October 9, 2021
— EndGameWW3 (@EndGameWW3) October 9, 2021
Lebanon was plunged into a total blackout Saturday after two main power stations went offline because they ran out of fuel, the state electricity corporation saidt.co/GROGYx3OzR
— AFP News Agency (@AFP) October 9, 2021
It turns out the entire UK fuel crisis was driven by the press, and nothing to do with Brexit. "Throughout the petrol supply crisis, deliveries to filling stations barely fell as massive levels of panic buying were the leading cause of fuel shortages." t.co/HBj5dyDaC3 pic.twitter.com/ZXPbPlaRaY
— Michael Liebreich (@MLiebreich) October 8, 2021
— gript (@griptmedia) July 1, 2021
Soaring power prices are putting upwards pressure on the aluminium cost curve in Europe too, according to Morgan Stanley.
Higher aluminium, gas, power and food prices will likely hurt the European economy. pic.twitter.com/aQHknlSF9X
— Daniel Lacalle (@dlacalle_IA) October 9, 2021
ICE AGE FARMER – ENERGY CRISIS BECOMES A FOOD CRISIS