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News & Articles By Belle Carter
09/01/2022
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By Belle Carter
Goldman Sachs warns UK inflation could peak above 22% if energy prices remain high
Goldman Sachs has warned that inflation in the U.K. could soar above 22 percent next year should energy prices continue at current high levels. According to a research note released by the investment bank, headline inflation could peak at 22.4 percent and the gross domestic product could drop by 3.4 percent if wholesale gas and electricity […]
08/31/2022
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By Belle Carter
Honda, LG to build $4.4 billion electric vehicle battery plant in the US
Japanese vehicle manufacturer Honda Motor and South Korean battery maker LG Energy Solution will invest in a $4.4 billion lithium-ion battery plant for electric vehicles (EVs) in the United States, the two companies announced on August 29. Both companies stated that this venture will enhance electric vehicle production and improve the timely supply of batteries, […]
08/25/2022
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By Belle Carter
Europe’s economy plummets as war in Ukraine drags on
As the world slowly eased out of the Wuhan coronavirus (COVID-19) pandemic restrictions, economic activities were expected to boom as businesses and consumers accept the “new normal,” but then the Ukraine war erupted and crises started cascading. Europe is now facing a looming recession, enduring record-high inflation and continuing energy shortage. This outlook is even […]
08/17/2022
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By Belle Carter
Lithium production setback will hinder EV growth; locals revolt over lithium mining impacts on water supplies
Lithium production suffered a major setback at a time when battery makers desperately need the metal, which is a key component in electric vehicle (EV) batteries. Earlier this year, Chinese EV giant BYD Co. won a government contract to mine lithium in Salar de Atacama, Chile – a California-sized chunk of terrain that holds 55 percent […]
08/09/2022
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By Belle Carter
Spanish officials, law enforcers warn: Government’s energy-saving regulations could result in higher crime rates
Spanish officials and law enforcers have warned that the government’s new energy-saving measures could result in higher levels of crime. On August 1, the Spanish government greenlit the action plan to help reduce energy consumption in the country. The said plan introduced restrictions on using energy-intensive appliances in public places, such as limiting the minimum temperature of […]
08/04/2022
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By Belle Carter
FEMA internal report: US power grid may not be able to handle a solar storm
Federal Emergency Management Agency (FEMA) internal report documents obtained through a Freedom of Information Act request revealed that the U.S. power grid may not be able to handle a solar storm. The occurrence of a solar flare that can wipe out the power grid for about a decade is not far from possible due to the plethora of advanced […]
08/03/2022
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By Belle Carter
Hedge funds buy up petroleum distillates amid diesel and heating oil shortages
Portfolio managers were bullish on purchasing U.S. distillates last week as shortages in diesel and heating oil continue. Hedge funds and other investment pools bought the equivalent of four million barrels in the six most important petroleum futures and options contracts in the week ending July 26. John Kemp, senior market analyst at Reuters, said that purchases of Brent […]
07/20/2022
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By Belle Carter
Diminished US refining capacity from facility closures contributing to soaring gas prices
Gasoline price increases have been “adding fuel” to people’s concerns over economic collapse. The U.S.’s oil refining capacity, however, is also to blame for the rising prices. “Refining capacity starts with the number of operable plants, which has been slowly falling for years. The pandemic oil demand plunge prompted the closure of some refineries – especially […]
06/29/2022
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By Belle Carter
Amid total economic collapse, Sri Lanka restricts fuel supplies to essential services, tells other sectors there’s no fuel
Sri Lankan authorities abruptly restricted fuel supplies on Monday, June 27, just days after Prime Minister Ranil Wickremesinghe told the parliament that the country’s debt-laden economy has completely collapsed. Spokesman Bandula Gunawardena said in a televised statement that the cabinet of ministers decided to limit the distribution of fuel to essential services until July 10 and […]
06/29/2022
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By Belle Carter
Alex Jones: Biden’s policies are the direct cause of oil price hikes
“InfoWars” founder and host Alex Jones scoffed at the desperate attempts of President Joe Biden to pass the blame on someone else regarding the soaring oil prices. “For him [Biden] to come out and blame gas stations shows you a window into the minds of the controllers that they think the public is so stupid that […]
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