Energy crisis

[valuebuddies]

https://www.theguardian.com/world/2022/j...ests-about

Unrest in Kazahkstan is continuing, and the president, Kassym-Jomart Tokayev, has called on a Moscow-led security alliance to provide “peacekeeping troops” to help him regain control.

With a mobile reception and internet blackout across much of the country, reliable figures on casualties are hard to come by, but there have been violent clashes in Almaty and other cities. Tokayev has promised a ruthless crackdown and blamed “terrorists” trained abroad for the violence.


Kazakhstan is the world largest uranium producer, 12th largest oil producer, 9th largest coal producer. The world might get into chaos if the unrest persists which could drive up the prices of the electricity and cause further disruption in global supply chain.

[valuebuddies]

https://www.cnbc.com/2022/01/06/kazakhst...tests.htmt

Wow, not to mention that Kazakhstan also mine alot of bitcoins!

[BlueKelah]

https://www.cnbc.com/2022/01/06/kazakhst...tests.htmt

Wow, not to mention that Kazakhstan also mine alot of bitcoins!

They must have been enjoying cheap local subsidized oil price for long time, their oil price suddenly double overnight thats why unrest. pretty bad, took over airport initially and beheaded one police officer. Gov troops shot dead 20+ people. 

The miliatants have weapons too, sounds like a civil war could happen if not managed properly. The Kazakhstan president actually looks like a chinese/mongolian.

[CY09]

A resource rich country and yet the government is so poor. I wonder where did all the money go.

This is why resource rich countries should have a good government. Otherwise the annual fees earned from oil/gas mysteriously end up in someone's hands and the family uses it to purchase branded goods etc, while the citizens suffer.

[valuebuddies]

British Gas owner warns energy crisis to last two years

Many countries see gas as an intermediate solution while they wean themselves off more carbon-intensive energy sources, such as oil and coal, creating an international dash for gas as the world economy wakes up after its Covid-related slumber.

"As we move towards net zero, gas is a big transition fuel," Mr O'Shea said.

"And so as you turn off coal fired power stations in other countries, there isn't an abundance of gas that you can just turn on quickly."

https://www.bbc.com/news/business-59957716

[valuebuddies]

https://www.cnbc.com/2022/03/08/russia-w...n-gas.html

Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports.

“It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy Prime Minister Alexander Novak said Monday in an address on state television.

“The surge in prices would be unpredictable. It would be $300 per barrel if not more.”

Novak also cited Germany’s decision last month to halt the certification of the highly contentious Nord Stream 2 gas pipeline, saying: “We have every right to take a matching decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline.”