The Big Freeze: Global Energy War Begins on December 5

Being left without heat in the dead of winter isn’t just an inconvenience, it’s a safety hazard... And it’s one we might all have to deal with pretty soon. [Outsider Club Header] Dec 02, 2022 By Jason Simpkins for the Outsider Club The Big Freeze: Global Energy War Begins on December 5 Back in 2015, about a year after Russia annexed Crimea, Russian hackers wrested control of Ukraine’s power grid and cut off electricity at three different companies. Some 30 substations were switched off, and about 230,000 people were left without electricity for up to six hours. They didn’t have lights or, in many cases, heat. Being left without heat in the dead of winter isn’t just an inconvenience, it’s a safety hazard. And it’s one we might all have to deal with pretty soon. Because as fall passes and we trek further into winter’s frosty belly, we’re looking at a potential cataclysm of energy supply disruption — a roiling blizzard of sanctions, cyberattacks, and even sabotage that could leave us all in the cold. It begins on December 5. That’s the deadline Western powers set to impose an energy import ban on Russian oil and gas. Of course, some countries are more reliant on Russia for energy than others, and a collective rush to find supplies elsewhere could lead to a global energy price spike. So the idea of banning oil and gas imports was quickly watered down to a price cap. Turn the Global Chip Crisis to Your Benefit TODAY The microchip shortage is causing industries to lose hundreds of billions of dollars... And it’s impacting YOU financially. The prices of everyday tech products like laptops, phones, printers, and graphics cards are as much as $350 more expensive. It’s absolutely ridiculous... 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Amid the price cap negotiations, Russia said it doesn’t plan to supply oil or gas to any countries supporting a price cap. And why should it? The country has already cut its gas supplies to Europe by 88% over the past year, causing the wholesale price of gas to increase by 210% over the same period. It also apparently sabotaged the Nord Stream 1 underwater pipeline that runs across the Baltic Sea to Germany. That artery had been supplying EU states with 35% of all the gas they imported from Russia. Obviously, that wasn’t a huge problem in the summer, but that’s likely to change as winter bears down. In fact, European natural gas prices just settled at their highest level in six weeks as unseasonably frigid weather caused several nations to start drawing on gas inventories sooner than expected. And the evolving weather patterns and subsequent forecast for the next month show temperatures dipping even further below traditional norms. [Europe Decembe 22 Weather Forecast] Are You Sick of Market Crashes Gutting Your Retirement Account? There’s a way to flip the market carnage into a legal fortune…Without shorting a single stock…And without touching options, cryptos, or “meme" stocks. This radical “blueprint'' could help anyone turn $500 into $1.2 million in under a year. [For more details, go here now.]( The cold snap couldn’t be coming at a worse time either, as several countries have struggled to make up for oil and gas shortages with nuclear power — which was the initial plan. France’s state-run power company, EDF, has already shut down more than half of its nuclear reactors after several key pipes were determined to be corroded. Meanwhile, other reactors are running at reduced rates to conserve uranium. As a result, France may have to resort to rolling blackouts this winter if its electrical grid comes under severe stress. A similar situation is unfolding in Finland. There, national grid operator Fingrid is warning of potential power blackouts this winter due to setbacks with its new Olkiluoto 3 nuclear power reactor. Making matters worse, Sweden — a major electricity exporter — is shutting down its biggest nuclear reactor from December 9–December 18 for maintenance, while another is offline until January 31. And finally, we can’t rule out a potential attack on power facilities in Europe or the United States by Russian cyber terrorists. As I mentioned up top, such an attack is not without precedent, and Russia has made it clear that it views the U.S. and Europe as combatants in its war on Ukraine. Remember, it was just a few months ago that a Russian cyber unit known as Killnet conducted a series of cyberattacks on more than a dozen American airports. Here Lies Silicon Valley, RIP If you thought the tech crash was bad... you haven’t seen anything yet. Due to a massive shortage of one rare resource that’s critical to their existence... Silicon Valley and the $5.2 trillion tech industry are facing a death sentence. And only one tiny company can save them from disappearing. [Read more about the $1 company ready to revive Big Tech.]( The group jammed up their websites with fake users, forcing them offline. It also attempted to infiltrate JPMorgan’s network infrastructure and assailed websites of three U.S. states (Colorado, Kentucky, and Mississippi). Countries across Europe, including those that aren’t on most Americans’ radar, have been slammed by Russian cyberattacks as well. Montenegro, Estonia, Albania, and Finland have been among the hardest hit. Montenegro was targeted with ransomware attacks so sophisticated that it had to call in the FBI to help out. Albania suffered a cyberattack so great that it considered invoking Article 5 of the NATO charter, necessitating a collective defense from the alliance. And Germany's intelligence agency has explicitly warned that Russia may have planted “cyberbombs” in its electronic infrastructure that could be detonated at a moment’s notice. The end result of all this could be what some are calling a [“Black Winter”]( in which the world suffers a massive energy crisis. That’s why investors should take action now to protect their wealth from a potential energy shortage. [You can learn more here.]( Fight on, [Jason Simpkins Signature] Jason Simpkins [follow basic]([@OCSimpkins on Twitter]( Jason Simpkins is Assistant Managing Editor of the Outsider Club and Investment Director of Wall Street's Proving Ground, a financial advisory focused on security companies and defense contractors. For more on Jason, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Follow the Outsiders [Twitter]( | [Facebook]( | [LinkedIn]( | [YouTube]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Outsider Club, Copyright © Outsider Club LLC, 3 E Read Street Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. 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