Russia cuts gas supply forcing Europe to return to coal

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Germany makes ‘bitter’ decision to return to coal and Italy contemplates rationing as Russia cuts gas supplies to Europe
  • Italian government and energy industry would meet Tuesday and Wednesday to discuss the crisis, with the likely outcome being the introduction of a state of alert under the country’s gas emergency protocol.

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Biden’s big plan: Save Gas and Ride the Train to reduce oil consumption

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Joe Biden Plans to Take ‘Millions of Cars Off the Road’ to Reduce Oil Consumption
  • The president spoke about public transit during his speech on high gas prices
  • “We’re investing almost $100 billion in public transit and rail, for all the studies show that it will take millions of cars off the road and significantly reduce pollution if there’s a serious transportation system available,” he said.
  • “We will take literally millions of automobiles off the road — off the road — saving tens of millions of barrels of oil, dealing with cleaning up the air,” he boasted during an October event at an electric trolley museum in Scranton, Pennsylvania.
  • During the event, he admitted he was envious of China’s high-speed trains and wanted more of them in America.

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$6 Trillion in Government spending and stimulus checks was too good to be true, now we’re paying for it

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • More Misery on the Way: Americans Can’t Afford Gas and Groceries, so Economists Say Recession Very Likely
  • With inflation now at 8.6% and food prices rising the fastest in 40 years, Americans are trying to find ways to get by, and that means less spending.
  • Credit card debt, which dropped during the pandemic as Americans used government stimulus checks to pay down balances, has rebounded to all-time highs.
  • Almost half of the economists surveyed by The Wall Street Journal say a recession is likely in the next 12 months.
  • Analyst Joel Griffith at the Heritage Foundation, has been runaway government spending.
  • “Look, we spent about 6 trillion dollars extra over the past two years than we normally spend, and nearly every last dollar of that was printed by the Fed to purchase government debt. That’s why we have inflation now”

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Inflation higher than expected, rising to 8.6%

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Inflation rose 8.6% in May, highest since 1981
  • The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.
  • Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.
  • The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.

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During record high gas prices Oil Refinery announces permanent shut down due to financial burden of aging infrastructure

2 Chronicles 7:14 “If my people who are called by my name humble themselves, and pray and seek my face and turn from their wicked ways, then I will hear from heaven and will forgive their sin and heal their land

Important Takeaways:

  • Massive U.S. oil refinery on track to shut down amid fuel shortages, record prices
  • The Houston, Texas, facility — which is operated by LyondellBasell Industries, spans 700 acres and was built in 1918 — is scheduled to permanently close by the end of 2023, but could shut down earlier if a “major equipment failure” spreads to major units, two people familiar with the issues told Reuters.
  • The refinery processes 268,000 barrels per day (bpd) of oil and produces 92,600 bpd of diesel fuel, 89,000 bpd of gasoline and 44,500 bpd of jet fuel.
  • The company announced in April that it would shut the refinery by 2024 due to the heavy financial burden of upgrading its more than 100-year-old infrastructure, Barron’s reported at the time.
  • Meanwhile, six refineries with a capacity of about 801,000 bpd of oil have shuttered over the last two years amid the pandemic, federal data showed. In addition, five refineries with a capacity of 408,100 bpd of oil are idle, the largest number of idle refineries since 2012.

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Experts warn to prepare for famine. It’s time to be a Joseph

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • ‘Stock Up on Foods’: Experts, Ministers Urge People to Prepare for Global Famine
  • As prices continue to rise on everything from gas to groceries, experts warn that food is going to be harder to come by in the months ahead, including in America. Some say that the church can lead the way in helping people through the tough times.
  • According to Bread for the World, over 13.8 million people in the U.S. already suffer from food insecurity.
  • Right now, about 65% of the 200 food banks in the Feeding America Network are seeing a greater demand for food assistance.
  • The biblical story of Joseph is an example of how the church should respond to the crisis while preparing to help others.
  • Spiritual preparation is also vital.

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National average price for gallon of gas projected to be twice as much as Jan. 20, 2021

Rev 6:5, 6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”

Important Takeaways:

  • The national average price for a gallon of gas is projected by Sunday to top $4.80, twice as much as the day President Biden took office.
  • The average price on Friday was $4.78 and market analysts expected it to tick up at least 2 cents over the weekend.
  • Mr. Biden warned Americans that inflation across the economy is — at least for now — here to stay.

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Many of the ridiculously high prices that we are seeing now will seem like bargains by the end of the year

Rev 6:5, 6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”

Important Takeaways:

  • Americans Will Never Forget The Historic Economic Collapse During Joe Biden’s Presidency
  • At this stage, the balance between supply and demand has reached a crisis point for all traditional forms of energy simultaneously…
  • We have never faced anything like this before, and one industry insider is referring to this as a “perfect storm”…
  • In case you didn’t get the point of what he was saying, “large supply gaps” is a politically correct way of saying “widespread shortages.”

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US Voters say their financial situation is worse off

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Majority of U.S. Voters Say Their Financial Situation is Worsening
  • The majority of registered U.S. voters say their financial situation is worsening, according to a recent Harvard CAPS/Harris poll. 56% of respondents told the pollster that things are “getting worse” from a financial standpoint. Just 20% said their financial situation was improving.
  • This is a devastating finding that has been climbing month after month — no matter how they are actually doing, a solid majority believes now they are becoming worse off economically and that is America’s most critical read on the mood of the voters,” said Mark Penn, the co-director of the Harvard CAPS/Harris Poll.
  • Gas and food prices have also surged to near historic highs. As of Tuesday, the national average price for a gallon of gas has hit $4.598, according to AAA

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Department of Interior cans oil and gas production in Alaska and Gulf of Mexico

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Biden administration cancels Alaska oil and gas lease sale
  • The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. The decision, which halts the potential to drill for oil in over 1 million acres in the Cook Inlet in Alaska, comes at a challenging political moment, when gas prices are hitting painful new highs.
  • The department also halted two leases under consideration for the Gulf of Mexico region because of “conflicting court rulings that impacted work on these proposed lease sales.”

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