Warm weather and ample supplies of natural gas have pushed prices down more than 50% since the summer to about what they cost a year ago.
www.wsj.com
The plunge is a bad omen for drillers, whose shares were among the stock market’s few winners last year. Cheaper gas is good news for households and manufacturers whose budgets have been busted and profit margins pinched by high fuel prices. Though shocks of cold and problems with pipelines could still push up regional prices, less expensive natural gas should help to cool inflation in the months ahead.
There are also major geopolitical implications. Mild weather is driving gas prices lower in Europe, too, spelling relief for the region that coming into the winter faced the possibility of rolling blackouts and factory shutdowns. The war threw energy markets into chaos, but benchmark European natural-gas prices are now less than half of what they were a month ago and lower than any point since the February invasion.
The drop is a welcome surprise for European governments that committed hundreds of billions of dollars to shield consumers and companies from high energy prices. Moscow cut supplies of gas to Europe last year in what European officials described as an attempt to undermine military and financial support for Kyiv.
So far, Russia’s strategy isn’t working. Warm weather is limiting demand, as is a European Union-led effort to curb consumption. But analysts say prices in Europe could shoot up again when the continent tries to refill stores for the 2023-24 winter without much Russian gas.
The Russian leader has dropped the pretense that life goes on as normal despite the war, evident in the Kremlin’s quick acknowledgment of mass casualties inflicted by Ukraine last weekend.
The invasion of Ukraine, compounding the effects of the pandemic, has contributed to the ascent of a giant that defies easy alignment. It could be the decisive force in a changing global system.
Kyiv says its forces have killed or wounded hundreds of Russian soldiers in a series of pinpoint attacks. Russia has confirmed only one of three waves of strikes.
Ukrainian artillery targets Russian soldiers by pinpointing their phone signals. Despite the deadly results, Russian troops keep defying a ban on cellphone use near the front.
www.nytimes.com
also did a lil digging on the photoshop thing, i was wrong about it being an issue of russia not bothering to give mobiks/convicts dress uniforms
this is the 64th motor rifle brigade which was responsible for bucha, honored as a whole, then destroyed at izium. they got the same treatment, look at the head sizes in the bottom right.
With the different designs converging on similar physical specs – weight, powerplant, weapons – the competition comes down to digital intangibles: AI, electronics, and ease of upgrade.
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