Commentary The Biden administration is currently focused on pushing China, India, and Japan, along with America’s European allies, to agree to a price cap on Russian oil. The goal is to decrease inflation and mitigate the risk of a global recession—but at the expense of a tough ban on Russian oil. This is detailed in…
Biden Administration’s 6 Big Gambles on a Price Cap for Russian Oil: Part 2
July 14, 2022
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Energy Price Cap Needs to Be Changed, Says Scottish Power Boss
Britain’s energy price cap should be changed to become more reflective of the cost for suppliers to buy energy from the wholesale market, the boss of one of Britain’s biggest suppliers has said. The energy price cap is likely to cost the industry around £5 billion ($6.86 billion) over the next six months as customers…
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