Saturday, October 09, 2021

UNEXPECTED???-----A global energy crisis is coming. There's no quick fix - CNN

A global energy crisis is coming. There's no quick fix - CNN
"London (CNN Business)Astronomical increases in natural gas prices
Skyrocketing coal costs. 
Predictions of $100 oil.
...In China, rolling blackouts for residents have already begun, while in India power stations are scrambling for coal. Consumer advocates in Europe are calling for a ban on disconnections if customers can't promptly settle what they owe.
"This price shock is an unexpected crisis at a critical juncture," EU energy chief Kadri Simson said
...In Europe, natural gas is now trading at the equivalent of $230 per barrel, in oil terms — up more than 130% since the beginning of September and more than eight times higher than the same point last year...Read all!

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