Oil markets are bracing for a new period of supply tensions as the European Union is set to cut off ties with its largest external diesel supplier when sanctions against Russian-refined fuel imports come into effect in February. Diesel supplies are already running tight, leading to pump prices being higher than gasoline in many regions….
Global Oil Markets Facing Uncertainties With EU Moving Away From Crucial Russian Diesel Supplies
January 23, 2023
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Business & Marketsdieseleconomic policieseconomyenergyEuropeEuropean UnioninflationOiloil marketsRussiaWorld
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European Shadow Unemployment Is a Real Dilemma
Commentary The latest jobs report in the United States shows strengths and weaknesses. Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate fell to 3.5 percent. However, the U.S. job market continues to show negative real wage growth, the employment-to-population ratio is 60.1 percent, and the labor force participation rate is…
EU Socialist Scandal: Here’s the Lesson for the US
December 28, 2022
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biden administrationcarbon emissionsclimate changeEUEuropean UnionOpinionQatarsocialismThinking About ChinaViewpoints
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Commentary The European Union is currently in the midst of one of its largest corruption scandals to date. There are credible allegations that Qatar—the Gulf state that recently hosted the FIFA World Cup—bribed a number of high-level EU figures in order to exert influence on European politics. Some may well ask: Why should we care…
Medical Device Makers Ending Production of Life-Saving Devices Due to New EU Law
A recently passed law by the European Commission (EC), meant to improve safety standards for medical devices in Europe, has led manufacturers to pull life-saving products from the shelves for failing to meet the new criteria. This has led to a massive bottleneck, as thousands of medical devices seek re-approval before the 2024 deadline, according…
EU Announces Agreement to Reform Europe’s Carbon Market, Cap Natural Gas Prices
The European Union (EU) announced a new provisional agreement late Sunday that reforms the bloc’s carbon market, successfully expanding a crucial component of the region’s broader green agenda. After a 30-hour session, member state representatives and the European Parliament agreed to apply the EU’s Emissions Trading System (ETS) to heating, road transportation, and maritime shipping. Officials…
European Unity Breaking as Bloc Announces Ninth Sanctions Package Against Russia
December 19, 2022
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Business & MarketseconomyEU energy crisisEuropeeuropean sanctions on russiaEuropean UnioninflationMarketsRussia-Ukraine WarWorld
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European Union (EU) leaders recently agreed on a ninth package of sanctions against Moscow, but the group is facing conflicting opinions about the extent it should go with these sanctions. The latest package imposes export controls and restrictions on certain technological goods that can boost Russia’s defense sector as well as technologies like aircraft engines…
The Night the Lights Went Out in Europe
December 13, 2022
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climate changeenergy crisisenergy shortagesEuropeEuropean Uniongreen agendaOpinionRenewable EnergyViewpoints
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Commentary Politico Europe, a publication marinated in green politics, has named Russian President Vladimir Putin as one of its “power players of the year”—for, in the publication’s words, “advancing Europe’s green agenda.” “By invading Ukraine and manipulating energy supplies to undermine European support for Kyiv, Putin has achieved something generations of green campaigners could not—clean…
How the EU Killed Elon Musk’s Twitter ‘Amnesty’
Commentary Elon Musk’s announced “general amnesty” week has come and gone and there has been no sign of any amnesty at all. In particular, none of the—on Twitter’s own count—11,230 accounts that have been suspended for violating the platform’s “COVID-19 misinformation” policy appear to have been restored. Many have been wondering why the announced “amnesty” has…
Elon Musk Should Tell EU Censors to Bugger Off
Commentary If Elon Musk truly believes that Twitter is a front in the “battle for the future of civilization,” he has a chance to prove it. The Biden administration has already threatened to investigate Musk on multiple occasions, which isn’t surprising considering its unprecedented antagonizing toward free expression. Democrats like Sen. Elizabeth Warren have promised…
Russia Threatens to Ignore Oil Price Cap and Charge Buyers Regular Prices or Cut Them Off, Says Russian Foreign Minister
December 2, 2022
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BRICsBusiness & Marketseconomic policieseconomyenergyEuropeEuropean UnionInternationalMarketsprice capRussiaRussian oilUKUkraineUSWorld
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Moscow threatened to ignore the oil price cap set by the West and said that Russia will continue to charge buyers regular prices, or they cut them off. The Russian government would not follow the cap level that the European Union (EU) and the G-7 has proposed on Russian oil prices since and would prefer…
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