AS A RESULT, GAS PRICES HAVE SOARED: The benchmark price in Europe is around 80 euros per megawatt hour, more than four times its level of 19 euros at the start of 2021 and up from as low as 4 euros in 2020. Prices have eased from as much as nine times their level at the start of last year. That price shock is feeding through to utility bills, alarming consumers and politicians.
“I wouldn’t say that LNG is 100% enough, but it will play a very important role” in Europe’s energy solution, said Xi Nan, head of liquid natural gas markets at Rystad. But she added a caveat: “Depending on how much Europe is willing to pay.”through its pipelines crossing Poland and Ukraine and hasn’t filled as much of its European storage as it normally does, though it appears to be fulfilling its long-term contracts.
IN THE SHORT TERM: European governments are offering cash subsidies to consumers to soften the blow. Sweden became the latest Wednesday by announcingLONGER TERM: The solution is more investment in renewables such as wind and solar.
IF ALL ELSE FAILS: EU legislation requires countries to help each other in the case of a gas shortfall. Governments can declare a gas emergency and shut off industrial customers to spare households, hurting the economy but sparing a humanitarian and political disaster.
Luck be a lady ...this winter !
The best thing Europarl_EN can do is legislate energy efficiency standards; insulation requirements and self sufficient housing. Breaking the stranglehold of energy companies on European politics, is not just about the Environment, but about political independence.
More people more energy demand. Elephant in the room is overpopulation.
For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Diana_Massangi Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Weird, so this isn't a uniquely American problem? Following U.S. media, you wouldn't know.
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AP Top 25: Utah finishes No. 12, highest final AP ranking since 2008A landmark season for the University of Utah yielded one of its highest-ever finishes in the Associated Press Top 25.
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Bank of America slashes fees for account overdrafts | AP NewsNEW YORK (AP) — Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks. It's the latest move by the nation's biggest banks to roll back the overdraft fees they long charged customers, fees that often amount to hundreds of dollars a year for frequent overdraft users. I assume this is in response to people finally ditching the banks for credit unions. Banks are leeches who suck their customers dry. kfdmnews How about don’t write hot checks and don’t spend more than you have smh
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Vets in Poland working to save brown bear cub | AP NewsWARSAW, Poland (AP) — A veterinarian said Tuesday that a brown bear cub found exhausted in snowy woods in southeastern Poland is improving but remains in life-threatening condition. In a “good sign,” the young male named Ada had eaten two meals by Tuesday morning, after he was given medication and put in a warm hut, said the veterinarian caring for him, Jakub Kotowicz. Animals in danger worldwide with Below Zero temperatures...🥶 🐻😢
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Fed's Powell: Inflation poses a major threat to job market | AP NewsWASHINGTON (AP) — Chair Jerome Powell acknowledged Tuesday that high inflation has emerged as a serious threat to the Federal Reserve's goal of helping put more Americans back to work and that the Fed will raise rates more than it now plans if needed to stem surging prices. Maybe just call Trump 📞 he was doing great. It can't hurt for Biden to get help. Biden is destroying this country. How is anyone that voted for him not embarrassed at what they enabled? Nobody should be surprised by rising inflation. This has been building for years. Many have been warning about it, but no one listened Unchecked deficit spending, with cheap money policies do it every time.
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Medical helicopter crashes near church; all 4 aboard survive | AP NewsUPPER DARBY, Pa. (AP) — A pilot crash landed a medical helicopter Tuesday without casualties in a residential area of suburban Philadelphia, miraculously avoiding a web of power lines and buildings as the aircraft fluttered, hit the street and slid into bushes outside a church, authorities and a witness said. هبط طيار ب مروحية_طبية هبوطا_ارتطاميا دون وقوع إصابات في منطقة سكنية في ضواحي فيلادلفيا. وتجنب الطيار شبكات خطوط الطاقة والمباني حيث ارتطمت الطائرة بالشارع وانزلقت إلى شجيرات خارج كنيسة Wow. Literally 2 miles from where I grew up. NICE JOB PILOT!!!! Zero casualties in a helo crash is amazing luck and skill. That dude (or lady) deserves a medal.
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