MADRID, June 28 (Reuters) - Turkey has agreed to support Finland and Sweden's bids for NATO membership, NATO Secretary General Jens Stoltenberg said on Tuesday.
"I am pleased to announce that we now have an agreement that paves the way for Finland and Sweden to join NATO," he told reporters on the sidelines of a NATO summit in Madrid.
"Turkey, Finland and Sweden have signed a memorandum that addresses Turkey's concerns, including around arms exports and the fight against terrorism," he added.
Killin Baby Seals. whomp whomp whomp
So they bribed Turkey. That’s great ! One step closer to nuclear war. John is stupid. Just because I went to work and haven’t caught up on the latest doesn’t make John smart. Russia is still winning and the British army is gay ! Literally !
‘TO LEARN WHO RULES OVER YOU, SIMPLY FIND OUT WHO YOU ARE NOT ALLOWED TO CRITICIZE’
Conspiracy theorists are the ones who see it all coming…
So they bribed Turkey. That’s great ! One step closer to nuclear war. John is stupid. Just because I went to work and haven’t caught up on the latest doesn’t make John smart. Russia is still winning and the British army is gay ! Literally !
Just typing "John was right" would have saved you time and angst.
Just Sayin.
John Burns
I have all the sources. They can't stop the signal.
So they bribed Turkey. That’s great ! One step closer to nuclear war. John is stupid. Just because I went to work and haven’t caught up on the latest doesn’t make John smart. Russia is still winning and the British army is gay ! Literally !
Just typing "John was right" would have saved you time and angst.
Just Sayin.
Well, that would have been a lie. Hes not a lieberal, like you.
Ecc 10:2 The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
It would probably be easier on you if you just quit coming here.
Easier on ? Heh. I’m enjoying it, dassa.
You might be happier going to another thread or starting your own thread. Try it.
I’m hoping that you hang out here.
Why would I go to another thread. This one is hilarious at your expense. And it's made funnier because you can't see it since you have everyone on ignore.
Mark LandlerEshe Nelson By Mark Landler and Eshe Nelson June 21, 2022 LONDON — Britain was hobbled on Tuesday by its largest railway strike in three decades, halting trains across the country, throwing travel plans for tens of millions of Britons and visitors into chaos, and setting off what union and government leaders warned could be a long summer of labor unrest.
With last-ditch talks between the transport union and the rail operator collapsing on Monday night, hundreds of trains ground to a halt for the first of three planned days of strikes. Most trains will also probably be halted on Thursday and Saturday, with disruptions rippling across the system for the entire week.
Damn, just damn! Heading into the Independence Day weekend!
It would probably be easier on you if you just quit coming here.
Easier on ? Heh. I’m enjoying it, dassa.
You might be happier going to another thread or starting your own thread. Try it.
I’m hoping that you hang out here.
Why would I go to another thread. This one is hilarious at your expense. And it's made funnier because you can't see it since you have everyone on ignore.
My expenses! What a hoot, dassa.
Let’s put you with the rest of the junior high school gang so y’all can help support each other in your collective mental squalor.
Mark LandlerEshe Nelson By Mark Landler and Eshe Nelson June 21, 2022 LONDON — Britain was hobbled on Tuesday by its largest railway strike in three decades, halting trains across the country, throwing travel plans for tens of millions of Britons and visitors into chaos, and setting off what union and government leaders warned could be a long summer of labor unrest.
With last-ditch talks between the transport union and the rail operator collapsing on Monday night, hundreds of trains ground to a halt for the first of three planned days of strikes. Most trains will also probably be halted on Thursday and Saturday, with disruptions rippling across the system for the entire week.
Damn, just damn! Heading into the Independence Day weekend!
Oh, wait....
How many countries have an "Independence Day" BECAUSE of England?
Houston and Burnsie will come on again a brag what a great leader Biden iand EU leaders are with their self imposed sanctions. lol
The US collapsing and the Eu collapsing but Ol Joe is doing a great job ol footy
Winter is coming, and Europe may be out of gas when it arrives Jun. 29, 2022 10:19 AM ETUNG, XME, XLE, WLK, LYB, BASFY, AA, MOS, UAN, CF, XOM, VET, NRT, SHELBy: Nathan Allen, SA News Editor The gas pipeline with flags of Russia and EU Dragan Mihajlovic/[bleep] via Getty Images
European natural gas prices continued to rise Wednesday, as Russian gas imports to the continent continued to fall. Prices for July delivery were up ~7.0% in early trading Wednesday, to the highest level seen since shortly following Russia's invasion of Ukraine. Morgan Stanley's lead commodities analyst Martijn Rats increased the bank's European natural gas price forecast by ~30% through spring. And Shell's (SHEL) CEO said Wednesday he sees a "problematic winter" in Europe.
In Q1 Europe imported ~30% of the world's LNG, according to Morgan Stanley, a more than 50% increase from 2021 and double pre-pandemic levels. LNG imports accelerated in Q2, as lockdowns in China allowed for reselling of contracted cargoes from Chinese NOCs to European utilities. The result, European natural gas inventories rose rapidly, calming markets and pressuring gas prices lower:
What's been less discussed in recent months, is the relationship between absolute EU inventory levels and the absolute volume of Russian imports. Were European gas inventories to return to 100% of storage capacity, ~100bcm, they would still only account for ~7 months of pre-pandemic Russian pipeline imports. With Russian pipeline import volumes down more than 75% from pre-pandemic levels, there's little chance of Europe reaching full storage ahead of winter:
The inventory and import dynamics suggest Shell's (SHEL) comment could be taken as a euphemism. Morgan Stanley increased it's price forecast for European gas to $41/mmbtu through Q1 2023; ~500% above pre-pandemic averages. Germany is warning of gas rationing, while EU Energy Commissioner Kadri Simson said Monday there may not be enough supply worldwide to replace Russian flows. Were the Kremlin to turn off exports completely, or even sustain currently reduced levels, Europe would either run out of natural gas (UNG) this winter or materially ration gas away from industrial sectors.
For investors, domestic natural gas producers like NRT (NRT), Vermillion (VET), Shell (SHEL) and Exxon (XOM) stand to benefit from higher prices. Thus far, Europe has been hesitant to actually increase domestic supply -- assuming the crisis spurs policy action, Shell (SHEL) and Exxon (XOM) could benefit from increased production at Groningen. Groningen is the largest natural gas field in Europe, but a field policy makers have slowly shut down for nearly a decade. A shift in energy security policy could see increased production and drilling throughout the continent, providing a tailwind to volume for producers, while increasing security and capping prices for consumers.
Perhaps more importantly, investors in non-EU natural resource companies would benefit from European natural gas rationing. CF Industries (CF) has already announced plans to shut a UK plant, and many eastern European fertilizer producers are likely to do the same if gas rationing ensues. A tailwind for US producers like CVR (UAN), Mosaic (MOS) and others. Alcoa (AA) shut an aluminum smelter in Spain earlier this year, and others are likely to do the same if Russia continues to pressure gas supply. The world's largest integrated chemicals complex sits in Germany and is owned by BASF (OTCQX:BASFY); the complex is completely dependent on cheap Russian energy supplies, and reduced production from the complex would benefit non-EU competitors like Lyondell (LYB) and Westlake (WLK).
For energy (XLE) and natural resource (XME) investors alike, reduced European supply tailwinds need to be balanced against reduced demand headwinds. The US economy shrunk in Q1, and the Atlanta fed "now cast" of economic growth estimates Q2 GDP will grow by only 0.3%. Suggesting even the US is on the edge of a technical recession. Assuming the Kremlin continues to weaponize EU energy supplies, Europe is likely to fall into a recession. Cyclical stocks have generally performed poorly in recessions. However, unlike most cycles, this cycle was not preceded by a glut of capacity expansion. Suggesting that natural resource prices could remain high, even as the global economy slows.
Mark LandlerEshe Nelson By Mark Landler and Eshe Nelson June 21, 2022 LONDON — Britain was hobbled on Tuesday by its largest railway strike in three decades, halting trains across the country, throwing travel plans for tens of millions of Britons and visitors into chaos, and setting off what union and government leaders warned could be a long summer of labor unrest.
With last-ditch talks between the transport union and the rail operator collapsing on Monday night, hundreds of trains ground to a halt for the first of three planned days of strikes. Most trains will also probably be halted on Thursday and Saturday, with disruptions rippling across the system for the entire week.
Damn, just damn! Heading into the Independence Day weekend!
Oh, wait....
How many countries have an "Independence Day" BECAUSE of England?
Numerous considering at one time the sun never set on its Empire but there’s a few left to do so within the Commonwealth Nations.
Putin's Evil Orc Horde convinced NATO to get serious.
China put on notice.
Speeding up a decoupling with China, bet Xi loves how well Putin's murdering invasion is galvanizing the world.
Originally Posted by JohnBurns
Putin's Evil Orc Horde convinced NATO to get serious.
China put on notice.
Speeding up a decoupling with China, bet Xi loves how well Putin's murdering invasion is galvanizing the world.
So NATO is going to pre position more targets within easy range of Russian hypersonic missiles , NATO is going to boost budgets ( positive it will be far less than the rate of inflation) , and look at our new plan book ! Values ! Meanwhile China is laying the keel on another carrier and refining their already in service hypersonic missiles. Xi is quaking in his boots…with glee at the thought of Russia depleting NATO inventory. Russia is mopping up in the Ukraine and the American and European economies are in recession and the middle class destroyed. This is winning according to John Burns !
‘TO LEARN WHO RULES OVER YOU, SIMPLY FIND OUT WHO YOU ARE NOT ALLOWED TO CRITICIZE’
Conspiracy theorists are the ones who see it all coming…