The high energy prices are wreaking havoc with the world economy and it’s unlikely we can expect any reversal of fortune in the near future. And with the recent explosion of the Russian-based Nord Stream 1 and 2 natural gas pipelines in the Baltic Sea earlier this week, the energy …
Read More »Europe’s Hunt for Clean Energy in the Middle East has a Dirty Secret
On September 10, a ship docked at the German port of Hamburg carrying a little-known fuel that’s being billed as a potential clean answer to Europe’s energy woes: blue ammonia. Made from hydrogen, it can also be burned without producing any emissions of planet-warming carbon dioxide and has the advantage …
Read More »The Global Water Crisis could Crush the Energy Industry
For years, the energy sector, and almost every other sector, has taken water for granted, viewing it as an abundant resource. But as we move into a new era of renewable energy, the vast amounts of water required to power green energy operations may not be so easy to find. …
Read More »Fears Of Economic Slowdown Cap Crude Prices
Oil prices have declined by around $30 a barrel since the recent peak in early June before the Fed and other central banks started aggressive interest rate hikes to fight runaway inflation. The tightening monetary policy is expected to slow economic growth, while several financial market indicators suggest that the …
Read More »Energy Independence will not Solve the Global Gas Crunch
The Russian war in Ukraine has sent a devastating domino effect rippling through the global economy that has left nations across the world wirth devastating energy shortages right as the hard-hit northern hemisphere prepares for the cold winter months. While Europe has been trying to wean itself off of Russian …
Read More »Europe’s Reaction to the Energy Crisis is Turning into a ‘Ponzi Scheme’
The leadership of the European Union has been hard at work these days, trying to find a lasting solution to an energy crisis that is worsening by the day. Yet the way they are approaching the solution is unlikely to produce any lasting results. And so far, it has been …
Read More »Medvedev Warns West of a Nuclear Doomsday Chess Game with Death
A top Russian official has accused the United States and its allies of trying to provoke the country’s break-up and warned that such attempts could lead to doomsday. Dmitry Medvedev, the deputy secretary of Russia’s Security Council chaired by President Vladimir Putin, warned the West that any attempt to push …
Read More »Europe Braces for Rationing Risks in Russian Gas Showdown
Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand. A three-day halt of the Nord Stream pipeline — a key source of natural gas for the European Union — starts on Wednesday, and concerns …
Read More »Why India is Pushing Ahead with Nuclear Power Plans
India is pushing ahead with plans to boost the country’s nuclear power capacity to meet its growing energy needs and reduce its carbon footprint. This is despite hurdles such as the cost and public opposition owing to safety concerns. The Indian government plans to triple its nuclear power generation capacity …
Read More »Europe Is Trying to Solve Its Energy Crisis with Fossil Fuel Projects in Africa
Food and fuel prices are soaring globally, and the Russian oil and gas supply has been squeezed since the invasion of Ukraine. In response, European governments are paving the way to massive investments in fossil fuels from non-Russian sources that imperil efforts to tackle climate change. Policies are being made …
Read More »