LNG glut in Europe, CEO pay and on hating precisely
Great reading, images and links from Chartbook Newsletter by Adam Tooze
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Surplus gone
How the Eurozone current account has swung from surplus to deficit.
For subscribers only
There is a LOT of LNG headed to Europe
More than Europe’s regasification terminals can handle in a timely manner. Source: Bloomberg
How the wealthy are hurting
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Vulnerable energy infrastructure
The world’s energy infrastructure is at “significant” risk from climate change, as extreme weather events threaten dams, thermal power plants and nuclear stations, the World Meteorological Organization said this week.
Water flooding and scarcity risk at major hydropower dams around the world. Great stuff this from @Aime_Williams FT
CEO’s soar
Source: EPI
German arms for the American civil war
It is documented that at least 18 arms factories, dealers and brokerage firms in Hamburg were involved in the arms trade during the Civil War. Four of these companies sold their goods to both the Union and the Confederacy. The most lucrative business for Hapag between 1861 and 1862 was the transport of arms to the Union. While the total value of all weapons imported to Hamburg (as an independent city state entrepot, Hamburg imported weapons from the rest of Germany for reexport) in 1860 was just 716,000 Marks, in the following two years it was eight and 6.5 million Marks, respectively. Most deliveries came from Prussia, Hanover, Saxony and Austria. Hapag soon demanded premiums for transport to New York and granted freight discounts if the buyers guaranteed fixed delivery quotas.
“Trading in the Shadow of Neutrality”, Patrick Gaul, GHI
Creative Destruction
How the lifespan of UK Prime Ministers has shortened.
David Lawler, Axios
Hating precisely
Le soin des choses - the care of things
For subscribers only
Baoxun Li, Haze Painting