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GLOBAL ENERGY CRISIS AND SOLUTIONS

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  T he Cost of Energy is Soaring Worldwide: How to Protect Your Wallet in Times of Crisis If you’ve noticed your electricity bill climbing significantly over recent months, know that you are not alone. Families and businesses across the globe are facing a daunting reality: electricity is becoming more expensive, more unstable, and a major strain on monthly budgets. So what's driving this global surge? The answer lies in a dangerous combination of geopolitical conflicts and extreme climate change . The Two Major Culprits Behind the Global Energy Crisis 1. Wars and Geopolitical Instability The global energy grid remains heavily reliant on fossil fuels like natural gas and oil. With the outbreak of geopolitical conflicts and the enforcement of international sanctions in key strategic regions, the global supply of these resources has been severely disrupted. Scarcity drives up energy commodity prices on the international market. As a result, utility companies pass these additional cos...

A BUBBLE AGAIN IN THE USA??



Sheikhs v shale

The economics of oil have changed. Some businesses will go bust, but the market will be healthier


HE official charter of OPEC states that the group’s goal is “the stabilisation of prices in international oil markets”. It has not been doing a very good job. In June the price of a barrel of oil, then almost $115, began to slide; it now stands close to $70. ...Read more

http://www.economist.com/news/leaders/21635472-economics-oil-have-changed-some-businesses-will-go-bust-market-will-be

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