Commentary My wife Debbie and I chuckled at the recent CBS News headline, “3 reasons why gas prices are so high—and when they might come down.” The article, written by Aimee Picchi, was a basic regurgitation of the propaganda of the Biden administration. First—big surprise!—the article blames Vladimir Putin. Yes, but gas prices began surging…
Who’s to Blame for Rising Gas Prices?
Commentary My wife Debbie and I chuckled at the recent CBS News headline, “3 reasons why gas prices are so high—and when they might come down.” The article, written by Aimee Picchi, was a basic regurgitation of the propaganda of the Biden administration. First—big surprise!—the article blames Vladimir Putin. Yes, but gas prices began surging…
European Inflation Spikes in January Amidst Soaring Energy Prices
The rate of inflation in the euro area* increased in January, driven by a surge in energy prices, with the ongoing Russia–Ukraine conflict threatening to drive it up even further. For the first month of 2022, the annual inflation rate was 5.1 percent, up from 5 percent in December, according to a Feb. 23 report…
Biden Energy Policies Added $1,000 to Typical Household’s Costs in 2021: Report
February 15, 2022
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A new analysis by the Heartland Institute reports the typical American family’s home heating and cooling costs increased by as much as $1,000 in 2021 as a result of President Joe Biden’s energy and environmental policies. “The average U.S. household in 2021 spent an extra $600 in higher gasoline costs and $70 in higher electricity…
UK Conservatives Urge PM to Lift Fracking Ban to Avoid Future Energy Crises
A group of senior Conservative lawmakers has called on Boris Johnson to reverse the government’s ban on fracking as the UK faces an acute energy crisis. In a joint letter to the prime minister, 30 Conservative politicians, including former Brexit minister David Frost and former culture secretary John Whittingdale, said it is “time to reverse…
UK Central Bank Raises Interest Again to Cool Soaring Inflation
February 3, 2022
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Britain’s central bank, the Bank of England (BoE), decided on Feb. 3 to raise interest rates from 0.25 percent to 0.5 percent to curb rampant inflation. The Bank’s nine-member monetary policy committee (MPC) voted five to four in favour of the decision. The four dissenting members all voted for a bigger increase of 0.75 percent….
UK Government Refuses to Scrap Green Levies Amid Soaring Energy Prices
January 5, 2022
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The UK government has rejected calls from Conservative lawmakers to cut green levies and other taxes to ease the pressure on British households amid soaring energy prices. Households are expected to see a steep rise in energy costs in April as suppliers are due to increase prices after the cost of gas in wholesale markets…
UK Conservatives Urge Removal of Environmental Levies as Energy Prices Soar
January 2, 2022
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Some 20 Conservative lawmakers have urged Prime Minister Boris Johnson to scrap environmental levies and other taxes to ease the pressure caused by energy price rises to British households. Households are expected to see a steep rise in energy costs in April as suppliers are due to increase prices after the cost of gas in…
Pennsylvania Energy Costs to Increase up to 50 Percent Starting Wednesday
Pennsylvanians will be hit with an increase of up to 50 percent on their energy bills starting Wednesday, according to the Pennsylvania Public Utility Commission (PUC). Many areas of the state will see “potentially large winter energy cost increases,” the PUC said. “Most Pennsylvania regulated electric utilities are adjusting the price they charge for the…
Warren Blasts US Oil Producers for Fuel Exports Ahead of Winter
Sen. Elizabeth Warren (D-Mass.) questioned some of the Unites States’ largest natural gas producers about exporting “record amounts” of heating fuels as Americans head into the winter months while energy prices continue to climb. “I am writing regarding my concern about rising natural gas prices for American consumers, the impact this will have for families…
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