Gas prices soar as Russia cuts German supply

Gas prices soar as Russia cuts German supply

This post was originally published on this siteThe Nord Stream 1 pipeline is now operating at just a fifth of its usual capacity.

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Here’s How Putin Is Squeezing Europe by the Balls

Here’s How Putin Is Squeezing Europe by the Balls

This post was originally published on this siteContributor#8523328 The spigot on Europe’s largest gas pipeline funneling Russian gas into the bloc closed at 6 a.m. Monday for a ten-day maintenance, and almost no one believes it will be turned back on as scheduled. Repairs on the Nord Stream 1 pipeline—which...

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Shell profits nearly triple as oil prices surge

Shell profits nearly triple as oil prices surge

This post was originally published on this siteThe oil giant says pulling out of Russian oil and gas activities had cost it $3.9bn (£3.1 billion).

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Five parts of the economy where you can see inflation

Five parts of the economy where you can see inflation

This post was originally published on this siteMore Americans might find their dollar isn’t going as far as before under the sting of rising inflation, as price stickers on food, gas and other goods and services skyrocket across the country. Data released by the Labor Department this week found that consumer prices...

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Oil plunges below $100 a barrel and loses ‘quarter of its value’ after 14-year high

Oil plunges below $100 a barrel and loses ‘quarter of its value’ after 14-year high

This post was originally published on this site U.S. consumers could see a drop in gas prices after oil tumbled below $100 a barrel on Monday. CNN reported that oil dropped 8% to hit a low of $99.76 a barrel. “That means oil has lost almost roughly quarter of its...

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The Oil Price Rally Is Bad. The Diesel Crisis Is Far Worse

The Oil Price Rally Is Bad. The Diesel Crisis Is Far Worse

This post was originally published on this siteDiesel is the workhorse of the global economy. And prices have surged in recent days to an all-time high.

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Green groups say gas crisis makes transition to renewables even more urgent

Green groups say gas crisis makes transition to renewables even more urgent

This post was originally published on this siteEnvironmentalist groups and Democrats see the recent ban on imports of Russian oil and the ban’s effects on American gas prices as a further incentive to accelerate development of renewable energy.  The ban came the same week average gas…

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US consumer prices hit new 40-year high as Ukraine shock looms

US consumer prices hit new 40-year high as Ukraine shock looms

This post was originally published on this site US consumer prices hit a new 40-year high last month as the world’s largest economy continued to be battered by a surge of inflation, which the fallout from Russia’s invasion of Ukraine is expected to worsen. The consumer price index (CPI) was...

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Why record-high gas prices won’t be solved by drilling more oil in the US

Why record-high gas prices won’t be solved by drilling more oil in the US

This post was originally published on this siteAs gas prices skyrocket, politicians in both parties have called for a seemingly easy solution: Drill our way out of the problem.

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Shell says it will halt operations in Russia, apologizes for buying Russian oil

Shell says it will halt operations in Russia, apologizes for buying Russian oil

This post was originally published on this siteShell CEO Ben Van Beurden said there were “incredibly difficult trade-offs that must be made during the war in Ukraine.”

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