TOKYO/LONDON—President Vladimir Putin has raised the stakes in an economic war with the West and its allies with a decree that seizes full control of the Sakhalin-2 gas and oil project in Russia’s far east, a move that could force out Shell and Japanese investors. The order, signed on Thursday, creates a new firm to…
Russia Seizes Control of Sakhalin Gas Project, Raises Stakes With West
July 1, 2022
admin
Business & Marketscommoditiescrisiseconomic policieseconomyEuropeGasMarketsRussiaRussia-Ukraine WarSakhalinUkraineWorld
0 Comment
How to Save Money on Gas and Get More Bang for Your Buck
Gas prices have just about reached an all-time high. Since this is sure to put a crimp in your budget and may affect your summer travel, you are probably trying to find creative ways to save money on gas. Here are some practical tips to help you save money at the pump and burn less…
Gas, Electric, or Hybrid: True Costs and Savings
The national average price for gasoline in the continental United States reached $5 in mid-June. People who spend multiple hours in their cars daily were flummoxed. No one was likely to get an increase in salary to match the increase in gas prices, so most people were forced to refigure their transportation budgets accordingly. Meanwhile,…
Gas at $5 Tips Some US Rideshare Drivers to Wrap Cars in Ads
When Duana Malcolm had her blue Hyundai Sonata sedan ‘wrapped’ as a mobile advertising board, the part-time delivery driver did not expect to make as much as $200 a month. Malcolm is one of the many rideshare drivers looking for alternate sources of income to cushion the impact of soaring gas prices and higher costs…
A Dozen EU Countries Affected by Russian Gas Cuts, EU Climate Chief Says
June 23, 2022
admin
Business & Marketscommoditiescrisiscuteconomic policieseconomyEUEuropeGasMarketsRussiaRussia-Ukraine WarUkraineWorld
0 Comment
BRUSSELS—A dozen European Union countries have now been affected by cuts to gas supply from Russia, EU climate policy chief Frans Timmermans said on Thursday, as the bloc faces a deepening energy standoff with Moscow. Russia slashed flows through its Nord Stream 1 pipeline to 40 percent of capacity last week citing problems with equipment,…
Germany Triggers Gas Alarm Stage, Accuses Russia of ‘Economic Attack’
June 23, 2022
admin
Business & MarketscommoditiescrisiseconomyEuropeGasGermanyMarketsRussiaRussia-Ukraine WarUkraineWorld
0 Comment
BERLIN—Germany triggered the “alarm stage” of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe’s largest economy. The measure is the latest escalation in a standoff between Europe and Moscow since the Russian invasion of Ukraine…
Pelosi Responds After Biden Asks Congress to Suspend Gas Tax
House Speaker Nancy Pelosi (D-Calif.) on June 22 was noncommittal on President Joe Biden’s request to suspend the gas tax for three months. “We will see where the consensus lies on a path forward for the President’s proposal in the House and the Senate,” Pelosi said in a statement, noting that House Democrats have passed…
Russia May Cut Off Gas Completely, Europe Must Act Now: IEA
June 22, 2022
admin
Business & MarketscommoditiescrisisenergyEUEuropeGasIEAInvestmentMarketsRussiaRussia-Ukraine WarsanctionUkraineWorld
0 Comment
BRUSSELS—Russia may cut off gas to Europe entirely as it seeks to bolster its political leverage amid the Ukraine crisis, the head of the International Energy Agency (IEA) said on Wednesday, adding Europe needed to prepare now. “I wouldn’t rule out Russia continuing to find different issues here and there and continuing to find excuses…
Germany Risks Recession as Russian Gas Crisis Deepens
BERLIN/COPENHAGEN—Germany faces certain recession if already faltering Russian gas supplies completely stop, an industry body warned on Tuesday, as Sweden joined a growing list of European nations rolling out emergency plans to cope with a deepening energy supply crisis. European Union countries from the Baltic Sea in the north to the Adriatic coast in the…
Netherlands Lifting Restrictions on Coal-Fired Power Stations Amid Drop in Gas Supplies From Russia
The Netherlands is following in the footsteps of neighboring Germany and lifting a cap on production by coal-fired power stations in an effort to prevent a winter energy crisis amid a drop in gas supplies from Russia. “Because the risk of gas shortages has increased, the cabinet has decided today to withdraw the production limitation for coal-fired…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`