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Europe Turned an Energy Crisis Into a Green Energy Sprint
Europe Turned an Energy Crisis Into a Green Energy Sprint Credit…Ibrahim Rayintakath This was supposed to be a winter of energy crisis in Europe. Beginning last spring, not long after the Russian invasion of Ukraine, the fear of gas shortages spread across the continent, along with fears of what might follow. The coming winter crunch […]
What’s Behind California’s Skyrocketing Natural Gas Bills: Insiders
What’s Behind California’s Skyrocketing Natural Gas Bills: Insiders Natural gas is transferred into the SoCalGas system after being collected and purified at a Calgren collection facility in Pixley, Calif., on Oct. 2, 2019. (Mike Blake/Reuters) Californians are expecting skyrocketing natural gas bills this month, but this can’t all be blamed on the weather, according to […]
Germany Unleashed Half-Trillion Dollar ‘Energy Bazooka’ To Keep Lights On
Germany Unleashed Half-Trillion Dollar ‘Energy Bazooka’ To Keep Lights On Western sanctions on Moscow have backfired, failed to paralyze Russia’s economy, and ultimately sparked financial pain for ordinary Europeans and the largest economy in the block. According to Reuters calculations, Germany has hemorrhaged cash to the tune of 440 billion euros ($465 billion) in energy bailouts and […]
The Diesel Crunch Is Finally Causing Demand Destruction
The Diesel Crunch Is Finally Causing Demand Destruction Diesel inventories slumped to their lowest level for the time of the year since 1951. signs have emerged that weaker demand in the past weeks may have slowly started to rebuild diesel inventories. Refiners are processing more crude oil to capture the still high refining margins. High […]
How Europe’s Energy Crisis Could Turn Into A Food Crisis
How Europe’s Energy Crisis Could Turn Into A Food Crisis Runaway energy inflation has taken a toll on European industry, but another threat is looming. Europe’s two biggest fertilizer suppliers, Russia and Belarus have retaliated against European sanctions by cutting off fertilizer exports. The fact remains that the global food chain, especially its European links, […]
Energy Bills In Europe Are 90% Higher Than Last Year
Energy Bills In Europe Are 90% Higher Than Last Year Electricity and gas prices are soaring across Europe, with bills close to double from last year in most European capitals, according to new data from the Household Energy Price Index—a monthly tracker of energy prices for households across 33 European capitals, including the 27 EU member […]
Since when did banks produce energy?
Since when did banks produce energy? It takes a special kind of cynical self-interest to make people pay twice for something they already cannot afford, while claiming you are doing them a favour. This though, is the energy price relief package announced by Liz Truss yesterday. The package plays that old political card of being […]
German government furious as ‘friendly countries’ charge ‘astronomical prices’ for gas
German government furious as ‘friendly countries’ charge ‘astronomical prices’ for gas Germany’s energy situation is dire, and the Nord Stream pipeline explosions have only worsened its geopolitical and economic outlook German Economy and Climate Minister Robert Habeck waits for the arrival of the Prime Minister of the Netherlands Mark Rutte at the foyer of the […]
Revolution In Air As Brits Burn Power Bills Amid Historic Energy Crisis
Revolution In Air As Brits Burn Power Bills Amid Historic Energy Crisis Energy prices for millions of households across the UK rose on Saturday. Soaring power bills amid the worst cost-of-living crisis in a generation led to a continuation of growing discontent ahead of the dark winter. Thousands of Brits marched in London and other […]
Hyperinflation Hits Europe
Hyperinflation Hits Europe
In Dramatic Escalation, European Nat Gas Prices Soar After Gazprom Warns Ukraine Flows At Risk
In Dramatic Escalation, European Nat Gas Prices Soar After Gazprom Warns Ukraine Flows At Risk In a day of constant news surrounding European gas flows, including the potential sabotage of the Nord Stream pipeline, moments ago, Russia state-owned gas giant Gazprom PJSC warned that another major source of gas flows to Europe was at risk, […]
Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills
Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills Prime minister to lead nation in a minute’s silence to honour the Queen’s legacy ahead of funeral. Liz Truss is facing a political and economic baptism of fire this week with warnings of mass bankruptcies across the economy – even as […]
Angry Customers Demand Explanation As German Energy Bills Soar
Angry Customers Demand Explanation As German Energy Bills Soar Utilities in Germany have had to handle a surge in customer service calls in recent weeks from clients angry or desperate about their sky-rocketing energy bills, Reuters reports. The biggest utility, E.ON, has ramped up its capacity to handle calls from consumers who are shocked to find […]
Europe Is Facing Energy Disaster And It’s Going To Bleed Over Into The US
Europe Is Facing Energy Disaster And It’s Going To Bleed Over Into The US Though the situation is ever changing, currently the Russian government has announced an official shutdown of ALL natural gas exports to Europe through the Nord Stream 1 pipeline and plans to maintain the shutdown until the EU ends its economic sanctions over the […]
Get ready for blackouts from London to LA, as the global energy crisis overwhelms grids and sends energy prices skyrocketing
Get ready for blackouts from London to LA, as the global energy crisis overwhelms grids and sends energy prices skyrocketing Part of Manhattan without power, seen from East River Houses. Jonathan Percy/EyeEm/Getty Images Climate change and soaring energy prices could make widespread blackouts more common, even in wealthy nations. Californians narrowly averted statewide blackouts, and Britons […]
