The UK is facing a “significant risk” of gas shortages this winter as a result of the war in Ukraine, the country’s energy regulator Ofgem has warned. Great Britain may face a “gas supply emergency” in the coming months, the regulator said. Britain produces a lot of its own gas, but the majority is still…
UK at ‘Significant Risk’ of Gas Shortages This Winter, Regulator Warns
Germans Panic-Buy Electric Heaters as Authorities Warn of Winter Gas Shortage
German authorities have issued another dire warning about a possible shortage of natural gas over the winter, with fears that German households might be left in the cold, driving sales of electric heaters to soar in a spree of panic shopping. German Economy Minister Robert Habeck told Deutschlandfunk radio on Sept. 30 that the country…
Winter Gas Shortages in Europe Likely to Last 3–5 Years, Says Commodities Expert
September 8, 2022
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Europe, which is currently reeling under an energy crisis, could see winter gas shortages last another three years at a minimum according to Ed Morse, global head of commodities research at Citigroup Inc. “It’ll be somewhere between 2025 and 2027 that we’ll see the prices in Europe coming back to where they were at the…
British Industry Faces Gas Shortages in Winter, Warn Experts
Energy experts are warning that British industry could be hit by gas shortages this winter as the UK government insists it is “confident” there will be no shortfall. The Department for Business, Energy and Industrial Strategy said it remained “confident energy security will be maintained.” But one leading commentator, economist Paul Stevens, told The Epoch…
BMW Sees Volatile 2022 With Chips and Energy Squeeze in Focus
BERLIN—BMW lowered its output forecast and warned of a highly volatile second half on Wednesday, pinpointing supplies of energy in Europe and chips worldwide as the two crucial factors to the carmaker hitting full-year earnings targets. New incoming orders were beginning to fall but order books remained filled for the next few months, chief executive…
Government Will Shake Hands With Gas Producers to Tackle Gas Shortfalls
Australian Prime Minister Anthony Albanese is set to work closely with gas companies to address supply issues after an energy report predicts a gas shortfall in 2023 if exporters send all excess gas overseas. Albanese on Tuesday stressed the importance of ensuring a consistent flow of domestic supply as the government revealed plans to invoke a gas trigger mechanism from…
European Union Announces Compromise Gas Curbs Amid Russia Supply Cuts
July 26, 2022
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The European Union (EU) has announced a “voluntary reduction” of natural gas demand by 15 percent this winter in an effort to boost the region’s energy supply security while providing exemptions to nations that may not be able to meet the target. The aim of the demand reduction is to save enough gas ahead of…
US Natural Gas Production Declines as Europe Searches for New Suppliers
May 2, 2022
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Natural gas production in the United States is declining even as several countries, especially in Europe, are looking for alternative sources while they attempt to cut back dependence on Russian gas supplies. The two areas that contribute the most to U.S. natural gas output, West Texas and the Appalachian region, are seeing slowing growth. Growth…
Gas Prices Surge to 7-Year High Ahead of Independence Day Weekend
Gas prices have hit a seven-year high and experts predict even more pain at the pump as record numbers of Americans are poised to hit the road around Independence Day weekend. “At $3.09, the national gas price average is at its highest of the year and not stopping,” the American Automobile Association (AAA) said in…
Driving Our Cars: A Blend of the Mundane and the Magnificent
Commentary It’s easy to forget how relatively recent the widespread use of automobiles is. The aunt and uncle who raised me were born when there were fewer than 200 miles of paved roads in the entire country. They lived through the revolutionary transformation that the automobile wrought, ushering in a new era of mobility and…
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