By Nancy Ngo Fro Star Tribune (Minneapolis) Home heating costs are expected to be at their highest in more than a decade. As temperatures continue to dip in the weeks ahead, heating bills are predicted to be at their highest in more than a decade. According to a U.S. Energy Information Association (EIA) report, households…
EU Announces Agreement to Reform Europe’s Carbon Market, Cap Natural Gas Prices
The European Union (EU) announced a new provisional agreement late Sunday that reforms the bloc’s carbon market, successfully expanding a crucial component of the region’s broader green agenda. After a 30-hour session, member state representatives and the European Parliament agreed to apply the EU’s Emissions Trading System (ETS) to heating, road transportation, and maritime shipping. Officials…
Jamie Dimon Says America Needs a ‘Marshall Plan for Energy’ With More Fossil Fuel Production
December 12, 2022
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Business & Marketseconomic policieseconomyenergyenergy infrastructureEuropeinflationJamie DimonMarketsNational SecurityNatural gasPolicies & ImpactsrecessionRussia-Ukraine WarUSWorld
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Jamie Dimon, the CEO of JPMorgan Chase, says America needs a ‘Marshall Plan for energy’ to significantly boost domestic energy production, as oil and natural gas costs rise. Dimon repeated his call to build up American energy infrastructure while speaking at a panel on CBS’s Face the Nation, on Dec. 11. The Marshall Plan, named…
White House to Electrify Federal Buildings Amid Anti-Gas Drive
The White House has unveiled an ambitious plan to curb fossil fuel use at federal buildings in a bid to fight climate change, drawing criticism from the natural gas industry amid a growing nationwide campaign to switch buildings to all-electric power. The plan, announced Dec. 7, involves the first-ever federal building performance standard, which sets…
Canada Could Displace Half of Russia’s Gas, Oil Exports: Report
If Canada were to make a priority of developing and exporting more oil and natural gas, it could displace half of Russia’s exports, says think tank SecondStreet.org. Russia is the source of about 14 percent of the world’s supply, according to the International Energy Agency (IEA). “As long as the world requires oil and natural gas—and…
Will Europe Leave Enough Natural Gas for Poor Countries?
Has Europe’s much-anticipated energy crisis been put on hold? From falling gas prices to unusually warm weather, European demand for natural gas has diminished at a notable pace heading into the winter season. In the first half of 2022, European natural gas prices spiked, triggered by uncertainty, a buying frenzy, and colder-than-normal temperatures. However, multiple…
A Little Learning on Methane and Climate Change
November 22, 2022
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climate changeclimate emergencyCOP27EPAfossil fuelsglobal warminggreenhouse gas emissionsmethane emissionsNatural gasOpinionViewpoints
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Commentary Before leaving for a week of virtue-signaling at the COP27 climate conference with other world elites, President Joe Biden would have done well to reread Hans Christian Anderson’s story “The Emperor’s New Clothes.” “In the great city where he [the Emperor] lived, life was always gay,” Anderson wrote. “Every day many strangers came to…
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…
Europe’s Natural Gas Shortage Leading to Global Food Crisis
The Russian war in Ukraine is taking place solely in Ukraine, but the effects of the conflict are global. Sanctions and counter-sanctions have increased energy prices, and fears of a food shortage have amplified as Ukraine and Russia are major grain exporters. Still, it’s not just a reduction in grain exports that have food scarcity…
Turkey Seeking to Become Regional Energy Hub With Russia’s Help
Ankara appears to have embraced a recent proposal by Russian President Vladimir Putin to transform Turkey into a regional hub for the distribution of Russian natural gas. “We have agreed with Vladimir Putin to create a gas hub in our country, through which natural gas … can be delivered to Europe,” Turkish President Recep Tayyip…
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