Commentary While the greens in America, including their champion zealot, President Joe Biden, howl their primal screams over climate change, the rest of the world is turning to coal. The dark stuff. The satanic fuel. But it’s back big-time across the globe. So is old-fashioned petroleum. Bloomberg reported last week that because of high natural…
Analysis: Global Natgas Price Surge Looms for United States This Winter
Regional natural gas markets in the United States are seeing prices for this winter surge along with global record highs—suggesting that the energy bills causing headaches in Europe and Asia will hit the world’s top gas producer before long. Gas prices in Europe and Asia have more than tripled this year, causing manufacturers to curtail…
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…
Spain’s Inflation Levels Hit 13-Year High Driven by Increasing Energy Costs
September 29, 2021
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Inflation levels in Spain surged to a 13-year-high in September driven by increasing energy costs, among other things, data from the National Statistics Institute (INE) showed on Wednesday. The flash indicator prepared by the INE (pdf) showed that national consumer prices rose 4.0 percent year-on-year, the highest reading since September 2008, when the rate was 4.5 percent. The…
Bitcoin Miners Forging Partnerships With Struggling Nuclear Power Plants Amid Criticism Over Environmental Impact
September 27, 2021
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Bitcoin miners facing growing scrutiny over the environmental impact of the process have turned to struggling carbon-free nuclear plants in an effort to resolve issues facing the industry, The Wall Street Journal reported. Miners hope the partnerships will create more stable and environmentally-friendly power, while also benefiting nuclear plants that are facing stiff competition from cheaper power sources and…
1.5 Million UK Households Affected as Energy Firms Collapse
Almost 1.5 million households in the UK have lost their chosen energy suppliers as six companies collapsed in less than three weeks amid a global wholesale natural gas price hike. On Wednesday, Avro Energy and Green Supplier Limited became the most recent companies to announce cessation of trade, orphaning 580,000 and 255,000 customers respectively. The UK’s energy…
NTD Business Full Broadcast (Sept. 20)
The Stock market takes a steep dive today, major indexes down around 2 percent. What caused it? The White House planning to ease travel restrictions for foreign travelers who’ve been vaccinated against the CCP virus. But there are some exceptions. A natural gas crisis in the UK. High gas prices have forced several energy suppliers out…
Boris Johnson Vows to Do ‘Everything We Can’ to Save Energy Firms Amid Price Hike
UK Prime Minister Boris Johnson promised on Monday that the government would do everything it could to prevent energy suppliers from going under amid natural gas shortages in Europe. According to British offshore oil and gas industrial body OGUK, wholesale prices for gas have surged 250 percent since January, with a 70 percent rise since August…
Trade Group Urges Department of Energy to Place Restrictions on US Natural Gas Exports
A manufacturers trade group has called on the Department of Energy (DOE) to order U.S. liquefied natural gas (LNG) producers to reduce exports, amid fears of potential supply shortages this winter. In a letter to U.S. Energy Secretary Jennifer Granholm (pdf) on Sept. 17, Industrial Energy Consumers of America (IECA), a trade group representing chemical, food, and materials manufacturers, asked…
Trade Group Urges Department of Energy to Restrict US Liquefied Natural Gas Exports
A manufacturers trade group has called on the Department of Energy (DOE) to order U.S. liquefied natural gas (LNG) producers to reduce exports, amid fears of potential supply shortages this winter. In a letter to U.S. Energy Secretary Jennifer Granholm (pdf) on Sept. 17, Industrial Energy Consumers of America (IECA), a trade group representing chemical, food, and materials manufacturers, asked…
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