Category: Energy
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3 charts show Europe’s unprecedented natural gas crisis
Europe is facing an unprecedented gas crisis. Picture Alliance | Picture Alliance | Getty Images Europe is facing an unprecedented energy crisis that’s pushing the economy closer to a recession and posing serious questions about the region’s climate change ambitions. CNBC takes a look at how Russia, led by President Vladimir Putin, is squeezing gas…
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Big Firms Book Record Profits As Gas Bills Soar
Energy providers Centrica and Shell both just booked record profits as fuel costs rise. Europe is experiencing a gas crisis, with one key benchmark doubling in two months. British households’ energy bills could have tripled by the end of the year, according to the consultancy firm BFY. Loading Something is loading. Soaring gas prices are…
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Biden’s Unforced Energy Errors Are Leading to a Global Oil
Much of last week was spent debating whether we are in a recession, after Thursday’s GDP Report revealed that economic growth had fallen for the second quarter in a row. The White House argued that this isn’t a recession but a “transition,” while critics on the Right accused President Biden of gaslighting. But this whole…
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Former oil exec warns recession comes alongside energy
Joe Petrowski, former CEO of Cumberland Farms Gulf Oil Group, argues that a recession comes along with ‘every energy crisis.’ Joe Petrowski, former CEO of Cumberland Farms Gulf Oil Group, said on Monday that he is “absolutely certain” the United States will be in a recession. Speaking on “Mornings with Maria,” he noted that a…
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EU faces challenges in tackling energy crisis: expert
The European Union is facing great challenges in dealing with the ongoing energy crisis sparked by the imposition of sanctions on Russia over its conflict with Ukraine and the ensuing economic recession, Su Xiaohui, deputy director of the Department for American Studies of the China Institute of International Studies, said in an interview with the…
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A catastrophic energy crisis will fuel a revolt against our
This is the summer before the storm. Make no mistake, with energy prices set to rise to unprecedented highs, we are approaching one of the biggest geopolitical earthquake in decades. The ensuing convulsions are likely to be of a far greater order of magnitude than those that followed the 2008 financial crash, which sparked protests…
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