Commentary Australia’s key decision-makers seem intent on making the worst decisions that they can for the energy sector. The latest federal government plan is to cap gas prices to $12 (US$8) per gigajoule (GJ). Simplistically they think that forcing gas companies to sell at a lower price will combat the increasing cost of living that…
Capping Gas Profits Is Not a Good Idea for These Reasons
December 12, 2022
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Switzerland Considering Bans on Electric Car Use, Power Cuts Amid European Energy Crunch
December 2, 2022
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Switzerland is mulling banning the use of electric cars in the nation for non-essential purposes among other measures in a bid to save energy as the European region grapples with an ongoing energy crisis. During a recent press conference, Federal Councilor Guy Parmelin announced the decision to curtail energy use among Swiss citizens, according to…
UK Power Prices Surge Amid Collapse of Wind Power
November 29, 2022
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A sudden fall in wind output triggered a spike in power prices in the United Kingdom, the world’s second-largest market for offshore wind power. At the Epex Spot SE, some hourly power contracts rose above £1,200 ($1,445.92) per megawatt-hour on Tuesday, according to Bloomberg. Power prices for the 7:30–8:00 p.m. slot on Monday traded at…
Chilly Winter Will Test Europe’s Energy Resilience
November 24, 2022
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As Europe heads into the winter season, colder-than-expected temperatures might pose a challenge to the energy security situation on the continent. According to space technology company Maxar Technologies, a major portion of continental Europe is set to see colder weather over the next two weeks which would be higher than earlier forecasts. On Dec. 3,…
‘A Mild Winter Alone Can’t Save’ Europe, Energy Crisis Accelerates Region’s Deindustrialization
November 2, 2022
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Europe’s energy crisis is now threatening to ramp up deindustrialization on the continent as many firms face persistent struggles with high energy costs. Russia’s war against Ukraine and Moscow’s subsequent decision to cut energy supply to Europe has compromised the region’s energy security situation, pushing up fuel costs for commercial entities. Companies in Europe are…
Solid Jobs Report: More 0.75% Rate Hikes?; UK Drills for More Oil Amid Energy Crisis | NTD Business
A lower number of jobs added in September than August. Does the new jobs report show signs of a recession coming? We have analysis. President Biden denies a Wall Street Journal report that he wants to ease sanctions on Venezuela in order to purchase oil from the country. What are the potential dangers of doing…
Solid Jobs Report: More 0.75 Percent Rate Hikes?; UK Drills for More Oil Amid Energy Crisis | NTD Business
A lower number of jobs were added in September than in August. Does the new jobs report show signs of a recession coming? We have analysis. President Joe Biden denies a Wall Street Journal report that he wants to ease sanctions on Venezuela in order to purchase oil from the country. What are the potential…
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