Will we get an energy crunch from the Iran conflict?

Donny playing his game before the mid term

Of course! He wants to negotiate with Xi from a higher chair of power. Xi is smarter than that…

Well, it looks like prices of LNG are reaching a level which is causing demand destruction in Pakistan:

They are switching to Solar as fast as they can.

Crack spread baby:

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Driving last night I noticed the 95 gasoline at 2.1/litre.

It seems Switzerland faces some particular challenges:

  • The US-Iran conflict as anyone else around the world.
  • The local refinery in Neuchâtel supplying 30% of Swiss demand stops for 2 weeks because unspecified technical breakdown.
  • And the drought makes river transport (Rhine) for fuel challenging. Fuel rerouted to trains/trucks.

So, fuel reserves being used right now.

PS. transporting fuel by train is safe. But, when something goes wrong, it goes really wrong.

Swiss heating oil cost: