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News & Articles By Kevin Hughes
11/02/2022
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By Kevin Hughes
Steel giant ArcelorMittal forced to shut down two massive German steel facilities due to energy crisis
ArcelorMittal, the world’s second-biggest steel company, was forced to shut down manufacturing plants in Germany due to the worsening energy crisis there. The steel giant stopped operations at one of its largest steel plants in the German city of Hamburg in September before shutting down a blast furnace at its Bremen facility in October. The shutdowns sent shockwaves throughout […]
10/21/2022
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By Kevin Hughes
German health minister: Hospitals in Germany are facing bankruptcy due to rising energy prices, inflation
Several hospitals in Germany are on the verge of bankruptcy because of the rising energy prices and inflation, according to German Health Minister Karl Lauterbach. He warned that more hospitals will soon follow unless the federal government comes up with some form of compensation. “If we do not react quickly and really drastically, there will be […]
10/18/2022
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By Kevin Hughes
Hungary, Serbia building pipeline for Russian oil and gas to dodge EU sanctions
Hungary and Serbia are planning to build a new pipeline to dodge sanctions imposed by the European Union (EU) on Russian oil. The new pipeline will connect to the Druzhba pipeline, also known as the Friendship pipeline, linking Budapest and Moscow. Hungarian Secretary of State for Public Diplomacy and Relations Zoltan Kovacs made the announcement […]
10/18/2022
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By Kevin Hughes
JPMorgan CEO Jamie Dimon: We have it completely backwards on green energy
JPMorgan Chase CEO Jamie Dimon remarked that people have it “completely backwards” on the idea of cutting back the development of fossil fuels in the name of addressing “climate change” concerns. “We have it completely backwards: America should have been pumping more oil and gas, and it should have been supported,” he said during an […]
10/05/2022
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By Kevin Hughes
Winter gas shortage inevitable as Germans turn on the heat early due to September cold wave
Germans have turned on the heat early because of an unexpected cold wave in September, consuming about 14.5 percent more gas than in previous years. This raises fears that a gas shortage in the winter is unavoidable. With Russia’s gas supply to Europe coming to a halt, German authorities have asked their citizens to cut down on […]
10/05/2022
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By Kevin Hughes
NEADA: US home heating bills to rise 17% year-over-year this winter
A major energy group has warned that the coming winter will be an expensive one for American households. According to the National Energy Assistance Directors Association (NEADA), the average household heating bill in the United States is likely to rise by 17.2 percent this winter compared to the previous year. NEADA supports state agencies under the Low Income […]
09/30/2022
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By Kevin Hughes
US facing natural gas shortage due to record LNG exports to Europe
America’s domestic natural gas consumption is being threatened by record liquefied natural gas (LNG) exports to Europe. According to a study by Reuters, shale producers in the U.S. are struggling to address the rising demand for domestic and international natural gas. Shale producers account for the bulk of U.S. natural gas output. With the winter season fast […]
09/28/2022
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By Kevin Hughes
Electric bills surge across America as winter approaches
American utility customers already facing some of their biggest bills in years are slated to pay more this winter as natural gas prices continue to soar. The price of natural gas has more than doubled this year due to the worldwide supply shortage made worse by Russia’s invasion of Ukraine. It is likely to remain high for […]
09/22/2022
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By Kevin Hughes
Gas prices to rise after midterms as Biden ends raid on national oil reserve
Gas prices are set to rise after the November 2022 midterm elections, coinciding with the end of President Joe Biden’s raid on the Strategic Petroleum Reserve (SPR). During a Sept. 12 speech, Biden touted how his administration is making progress on handling inflation even as Americans continue to cope with rising food and gas prices. “The price […]
09/20/2022
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By Kevin Hughes
Energy collapse: First blackout simulation in German district predicts 400 deaths in 96 hours
A blackout simulation conducted in a German district showed that 400 deaths could occur in a span of three days alone. The simulation highlighted the dangers of a worsening energy collapse, the opening salvo of which Germany has faced. The western Rheingau-Taunus district became the first of 401 German districts and urban districts to undergo a simulation, […]
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