Rep. James Comer (R-Ky.), the likely incoming chairman of the House Committee on Oversight and Reform, announced on Dec. 4 a “broad probe into President [Joe] Biden’s energy crisis that is harming the pocketbooks of Americans,” with particular emphasis on the president’s “secret deal” with Saudi Arabia. “Since Day One in office, President Biden has…
House Republicans to Probe Biden Energy Deal With Saudis: Comer
December 4, 2022
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energy pricesExecutive BranchHouse Committee on Oversight and Government ReformKeystone Pipelineoil and gasPoliticspresident joe bidenRep. James Comer (R-Ky.)RepublicansSaudi ArabiaUS
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The Administration Can Help the Fed Fight Inflation by Unleashing American Energy Production
Commentary The recent Index of Supply Manufacturers data showed that fewer employers are planning to hire in the months ahead. That’s because inflation is whittling away buying power, leaving Americans with less discretionary income to spend. Less income translates to lower demand for goods—and for the workers who produce these goods. In an effort to…
Blackouts Likely as Push to Replace Fossil Fuels With Unreliable Tech Imperil Grid, Regulator Warns
November 23, 2022
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Business & Marketscoal powereconomic policieseconomyenergyenergy pricesgreen energyPolicies & ImpactsUSUS News
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Frequent blackouts throughout the United States would become more likely if the drive to replace fossil fuels with unreliable “green” energy goes through, warned a federal regulatory official. The Biden administration’s policy to replace traditional sources of energy with wind and solar would push the national power grid to the brink of a double crisis, said Mark…
Blackouts Likely as Push to Replace Fossil Fuels With Unreliable Tech Imperils Grid, Regulator Warns
November 23, 2022
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Business & Marketscoal powereconomic policieseconomyenergyenergy pricesgreen energyPolicies & ImpactsUSUS News
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Frequent blackouts throughout the United States would become more likely if the drive to replace fossil fuels with unreliable “green” energy goes through, warned a federal regulatory official. The Biden administration’s policy to replace traditional sources of energy with wind and solar would push the national power grid to the brink of a double crisis, said Mark…
Biden: There’s ‘No Guarantee’ That Rising Inflation Will Go Away
November 11, 2022
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2022 Midterm ElectionsbidenBusiness & MarketsCompaniesDemocratseconomic policieseconomyenergyenergy pricesExecutive BranchinflationMarketsPolicies & ImpactsPoliticsrecessionUS
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President Joe Biden admitted that he could not “guarantee” that his administration would be able to stop rising inflation. Biden’s comments on inflation came a day after the midterm elections. He stated that he will stay the course and do “nothing” differently for the next two years of his term in office. A reporter, at a…
Australian PM Says Gas Price Cap Is on the Table Amid Soaring Energy Prices
Australian Prime Minister Anthony Albanese has said that capping gas prices was one of the options his government could consider in dealing with energy price hikes in the country. Speaking to Sydney radio 2GB on Nov. 11, the prime minister refuted speculations about a super profits tax on gas and coal while emphasising that renewables…
Energy Bills Nearly 90 Percent Higher in Europe Than a Year Ago
November 10, 2022
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Business & Marketseconomic policieseconomyenergyenergy pricesEuropeEuropean UnionNatural gasrecessionRussia-Ukraine WarRussian sanctionsUKWorld
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Energy bills are nearly 90 percent higher for households across Europe compared to a year ago, according to a new report. The massive increase in energy prices throughout Europe has been caused by Russia’s war against Ukraine. The energy crisis caused by the Russia–Ukraine war and the resulting sanctions on Mosco have generated a cost-of…
US Natural Gas Futures Tumble Due to Milder Weather and Global Price Slump
U.S. natural gas futures have been declining this week to a three-month low, after weather in North America was predicted to be milder than expected and global energy prices witnessed a slump. The decline in crude oil and European gas prices has led the decline in prices. American natural gas prices witnessed an eight week…
Inflation Persists
October 14, 2022
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Business & MarketsBusiness Columnistsconsumer price index (CPI)energy priceshousinginflationOpinionThinking About ChinaViewpoints
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Commentary Inflation news in July and August had offered a few willing souls so inclined to hope that price pressures would dissipate quickly. Consumer price inflation was indeed remarkably slow. Measures over the prior 12 months came off the frightening highs of over 9 percent recorded last June. However, the hope of a quick, easy…
British Government Targets Renewable Energy Profits to Bring Down Soaring Bills
Legislation from the government could see excess revenues made by some renewable energy generators capped to reduce the impact of unprecedented wholesale price increases being charged to consumers. The government announced that its proposed Energy Prices Bill that was introduced in parliament on Oct. 12 will have a “cost-plus-revenue limit” on electricity generated from wind and…
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