How Europe Stumbled Into an Energy Catastrophe

by B. Hart,  Sep 13, 2022 in Intelligencer


Since debuting on Substack in the spring of 2021, Doomberg — an anonymous group of writers whose avatar is a distinctive green chicken — has become one of the most popular financial publications on the site. The team has also become a prominent and distinctive voice on finance Twitter (a.k.a. FinTwit). Doomberg’s writers, who come from the world of commodities and heavy industry, deliver deeply informed, often withering analysis that focuses largely on energy policy, their area of expertise. Befitting the site’s name, they often take a darker (or perhaps just more realistic) view than many mainstream sources. Doomberg has been particularly bearish — and prescient — about the unfolding energy crisis in Europe, warning for months that the decision by European leaders to cut off Vladimir Putin from their markets after his invasion of Ukraine risked causing an economic crisis. I spoke via Zoom with one of the Doomberg writers (as represented by that green chicken) about how Russia’s oil industry has thrived despite sanctions, where Europe’s energy squeeze is headed, and why his site is, despite appearances, fundamentally optimistic.

Trend Change? Greenland Ice Mass Loss Has Been Decelerating Since 2012

by P. Gosselin, Sep 24, 2022 in NoTricksZone


We have digitized the Polar Portal’s graph of the accumulated surface mass balance and have come up with a value of 467 Gt. That’s 100 Gt or 27% above the 1981…2010 mean! Together with the melting of icebergs (assuming the value of the previous year, which was already 10% more than that of 2020 ) this results in approximately the representation below, which was included in the publication until the report 2020.

In 2021, one has probably omitted for reasons, perhaps the jump was difficult to explain by the calving of icebergs?

The total mass balance is very likely -100 Gt. An “accelerated” thawing of the Greenland ice sheet is not to be recognized. If one accumulates the mass loss, one sees the “braking” very nicely. Acceleration occurred until 2012.