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Javier Blas
@JavierBlas
Energy and commodities columnist at Bloomberg. Co-author of the 'The World for Sale' Any views expressed are my own. [email protected]
London
Joined August 2013
Posts
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    This week, The World for Sale comes out in paperback It explains how oil and commodity markets work, how they influence geopolitics, and the extraordinary power of a few traders you've probably never heard of Please take a look smarturl.it/TheWorldForSal…
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    BREAKING: And wow!!! After BP, the deluge. Shell announces it's exiting all its joint-ventures with Gazprom, including its 27.5% stake in the Sakhalin-2 LNG facility. Shell carries those JV at $3 billion valuation on its books, and it's warning of impartments #Ukraine
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    NORTH vs SOUTH 2.0: Spain, Greece and Portugal reject the EU call for 15% cuts in natural gas consumption to help Germany Spanish Energy Minister (clearly aiming at Berlin): "Contrary to other countries, Spain hasn't been living beyond its means in energy terms" #EnergyCrisis
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    How it started. How it’s going.
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    ‘Yes Minister’ has a perfect summary of most Western countries response to the coronavirus outbreak 😷
    00:00
    Genevieve Roberts
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    Norway is raising the lever of security readiness at all its oil and gas installations, including the continental self. The explosions on the Nord Stream 1 and 2 pipelines (and sighting of drones in the Nord Sea) are prompting Europe to take very seriously the risk of sabotage.
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    In press conference now, Spain's Prime Minister says the country lost ~15 GW of power supply in five seconds at 12.33pm Madrid time. He says the government doesn't know why so much electricity supply (~60% of total at that point) was lost so suddenly.
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    How it started. How it's going
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    How it started. How it’s going.
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    Germany is burning a lot of coal (~45% of all electricity generation) as wind stops blowing. It’s electricity carbon intensity jumped to a crazy 745 grams (CO2 gr per KWh) this evening — higher than in South Africa and India Closing nuclear matters | #Energiewende h/t @ckazok
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    The waiting line for Trump’s speech in #Davos (still nearly one hour to go). Has the feeling of teenagers queuing for a concert, but this are billionaires and CEOs #tictocnews @tictoc #Davos2018
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    Before the outage hit, Spain was running its grid with very little dispatchable spinning generation, and therefore no much inertia. Solar PV/thermal + wind: ~78% Nuclear: 11.5% Co-generation: 5% Gas-fired: ~3% (less than 1GW) Snapshot at 12.30pm local time (outage was 12.35pm)
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    Replying to @JavierBlas
    With BP and Shell leaving the country, I don't see how others can stay: the pressure on Exxon, Total and oil traders like Trafigura and Vitol (and Glencore in metals) is going to increase massively. #Ukraine
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    The Italianization of UK politics continues. If only we could get their weather -- and their food.