Category: energy crisis

Solving China’s Energy Crisis Requires Enforcement of WTO Rules Along With Longer-Term Measures, Experts Say

Xi Jinping’s regime has seriously exacerbated China’s deepening energy crisis through the illegal, chronic, and widespread flouting of terms of its World Trade Organization (WTO) membership, observers said this week. While the current energy shortfall facing China has to do partly with massive flooding that has hampered operations in the country’s coal-producing regions, Beijing has…


Europe’s Energy Crisis Is a Warning Sign for America

Commentary An energy crisis is rocking the world, the likes of which we haven’t seen since the 1970s. Although headlines about energy costs in faraway nations may not breach busy families’ political radar, the energy shortages and skyrocketing prices spreading across Europe and Asia are a warning sign for America. If we allow the anti-energy,…


NTD Business Full Broadcast (Oct. 11)

A mounting energy crisis — Oil prices hitting record levels, coal and gas prices rising too. How are producers adapting? Three economists based in America get the Nobel Prize in Economics. What have they done for the field and what are critics saying? And Southwest Airlines says services will be back to normal this week, after…


UK Treasury Denies Talks With Business Secretary Over Energy Crisis Support

Industry leaders hoping to get financial aid over the energy crisis had their hopes dashed on Sunday as the Treasury denied having been in talks with the Department for Business. A source from the Treasury told The Epoch Times that there have been no such talks, contradicting what Business Secretary Kwasi Kwarteng said during an earlier interview. Speaking…


Britons Urged Not to Worry About Power Shortages This Winter

Consumers in the UK were told on Sunday that they don’t need to worry about not having enough power this winter. Both the government and the energy industry reassured consumers that their lights will stay on during the energy crisis. It comes after nine smaller energy suppliers failed in September, and as energy-intensive industries such as the…


China Orders More Coal Production, Oil Prices Rise as Energy Crisis Deepens

China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for coal to keep factories open and homes heated. The rebound in economic activity from coronavirus restrictions has exposed alarmingly low supplies of natural gas leaving traders,…


We Are Entering an Energy Crisis of Our Own Making

Commentary The great green transition from fossil fuels is collapsing as the world enters an energy crisis of its own making. India and China are scouring the world for coal stocks to burn, while Germany is offering its citizens tutorials on how to cook without electricity in anticipation of power failures. Prices for natural gas, crude…


Rising Natural Gas Prices Likely to Bite This Winter

News Analysis As the price of natural gas surges due to both international factors and domestic policies, it could make for an expensive winter season for Canadians, say experts. “There are constraints in several markets and demand has shot up post-pandemic,” says Timothy Egan, president and CEO of the Canadian Gas Association (CGA).  “There’s a…


China’s Energy Crisis: A CCP-Made Emergency

News Analysis Factories in China are being forced to shut down amid an energy crisis, as more than half of the provinces have imposed electricity-use restrictions. Forced reductions even apply to Jiangsu, Zhejiang, and Guangdong provinces, which generate roughly one-third of the nation’s GDP. Local governments are enforcing shut-down rules in their attempt to meet…


NTD Business Full Broadcast (Sept. 29)

Natural gas prices surging. It keeps around half of American households warm. We could be in for sticker shock on heating bills this winter. We look at why prices are rising. United Airlines planning to fire hundreds of workers, for not complying with the company’s COVID-19 vaccine mandate. Macy’s might have to give up its…