European Commission President Ursula Van Der Leyen. So far, Europe has done better than expected in … [+] dodging a severe energy crisis. Electricity costs are higher. And each country has its o...
Tag: European energy crisis
Global Economy Headed Into Recession
Looking at the world economy getty The global economic outlook is deteriorating due to inflation-fighting efforts by central banks, the war between Russia and Ukraine, and China’s prioritization of po...
ECB Rate Hike Means Recession Looms, Oil Bull Running On Fumes
ECB raises its main overnight lending rate to 1.25% from 0.5% on Thursday. It has a long way to go … [+] if it wants to fight 8.9% inflation in Western Europe. (Photo by Hannelore Foerster/Getty...
Europe’s Markets And Energy Security Disrupted By Russia Sanctions
A loan wind turbine stands before the exhaust plumes from cooling towers at German coal fired power … [+] plant. They will need more coal as they turn against Russian piped gas. Sorry, climate c...
Europe’s Self Inflicted Oil Crisis And The Saudis Last Laugh With U.S.
President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam … [+] Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. (Photo by Royal Court of Saudi Arabia...