KYIV, Ukraine—Europe’s largest nuclear plant was knocked off Ukraine’s electricity grid Monday, its last transmission line disconnected because of a fire caused by shelling, the facility’s operator and the U.N. atomic watchdog said. The International Atomic Energy Agency (IAEA) said it was informed Monday by Ukrainian authorities that the reserve line “was deliberately disconnected in…
European Power Prices Tumble as EU Authorities Plan to Avert an Energy Crisis
September 1, 2022
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European benchmark energy prices have plunged by nearly half over the last three days, after news that European Union (EU) policymakers will intervene in an attempt to ease natural gas shortages. German 12-month energy futures on the European Energy Exchange fell as much as 54 percent from their peak at the beginning of the week, from €1,000…
German Who Laughed at Trump at UN Won’t Comment on President’s Warning Coming True
September 1, 2022
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News Analysis One of the German diplomats who snickered when then-President Donald Trump said Germany would “become totally dependent on Russian energy” didn’t respond to a question on whether his views have changed as rising energy costs amidst the war in Ukraine seem to prove Trump right. Trump made the remarks during a speech to…
Germans Laughed at Trump’s Russia Warning, But It Proved Prophetic
September 1, 2022
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News Analysis In September 2018, the German delegation to the United Nations General Assembly snickered when then-President Donald Trump said their country would “become totally dependent on Russian energy.” Some observers gleefully joined in. Trump said during the same speech: “Reliance on a single foreign supplier can leave a nation vulnerable to extortion and intimidation.”…
‘No Place Better’: Canadian Natural Gas the Solution for Europe’s Energy Needs, Industry Executives Say as Trudeau Questions Business Case
Industry experts say Canadian natural gas has a role to play in Germany’s energy crisis, as Prime Minister Justin Trudeau questions if there is a business case for the export. In a joint news conference with German Chancellor Olaf Scholz on Aug. 22, Trudeau said the government is open to easing regulatory requirements for projects…
US Natural Gas Prices Hit 14-Year Record High, EU Prices Surge on Planned Pipeline Closure
U.S. natural gas prices climbed to a new 14-year high on Monday amid fears regarding shortages in Europe prompted by Russia’s plans to shut down the vital Nord Stream 1 gas pipeline at the end of the month. Russian state gas giant Gazprom last week announced that the pipeline, which links western Russia and Germany, would be shut down for three…
Trudeau Questions Business Case for Natural Gas Exports From Canada to Europe
Prime Minister Justin Trudeau said the government is open to easing regulatory requirements for projects that would facilitate the export of Canadian natural gas to Europe, but questioned whether a business case exists for such investments. The comments came Monday during a joint news conference with German Chancellor Olaf Scholz in Montreal as the prime…
TikTok Could Be Keylogging: Study; It Now Costs Over $300,000 to Raise a Child | NTD Business
The world’s second-largest movie chain is considering Chapter 11 bankruptcy. It faces maturities on billions in debt. Fresh concerns about TikTok: its in-app browser can monitor your keystrokes, according to new research. What does TikTok say about it? The cost to raise a child is now topping $300,000, thanks to inflation. An Apple AirTag helps…
Winter Is Coming: $13 Natural Gas Prices?
Natural gas prices have been on a tear in 2022, skyrocketing about 150 percent year to date to above $9 per million British thermal units (MMBtu) on the New York Mercantile Exchange. But could the so-called “bridge fuel” reach $13 MMBtu this winter? It may be possible, said Laird Dyer, an Energy Analytics consultant, who…
High Oil Prices Help Saudi Aramco Earn $88 Billion in First Half
DUBAI, United Arab Emirates—Saudi energy company Aramco said Sunday its profits jumped 90 percent in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. Major oil companies had a strong quarter with Exxon Mobil booking an unprecedented $17.85 billion profit while Chevron made a record $11.62…
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