The euro has fallen to its weakest level against the US dollar in more than two years, reaching EUR/USD 1.03. The slump comes amid Germany’s continued economic stagnation and an EU-wide energy crunch. The euro […]
Ukraine plans to make up the revenue by raising tariffs on local industries, the news agency has said Ukraine’s decision to cease transit of Russian natural gas to Europe will cost up to $1 billion […]
The outgoing president reportedly intends to ban oil and gas drilling in large tracts of US coastal waters US President Joe Biden will invoke a 70-year-old law in a bid to stop incoming President Donald […]
As nations embrace ‘cheap’ solar and wind power, a strange reality emerges: Power bills soar, exposing the true cost of the green energy agenda. As nations use more and more supposedly cheap solar and wind […]
NY’s $75B climate bill targets fossil fuels for ‘extreme weather,’ sparking court fights, economic fallout, rising costs, and migration to saner states. Gov. Kathy Hochul last week signed a new climate bill forcing fossil fuel […]
The U.S. president-elect’s second term will begin in a vastly different global landscape than his first. One of U.S. President-elect Donald Trump’s biggest boasts is that he was the first U.S. president in decades to […]
After years of war and promises to change course, the continent maintains ties to Russian fossil fuels. Russia’s brutal, illegal war on Ukraine is lumbering into its fourth year, yet Europe still hasn’t used all […]
The last time President Donald Trump took office, Illinois had just passed the Future Energy Jobs Act (FEJA), creating an ambitious renewable electricity mandate, solar incentive programs, green job training and equity provisions to […]
Consumption in Germany has jumped by almost 6% in the final three months of 2024, according to grid chief Klaus Muller Households and businesses in Germany should save gas to avoid shortages, Die Welt reported […]
By Wolf Richter for WOLF STREET: The S&P 500 gained 24% in 2024 and 53% over 2023 and 2024 combined, which was a huge two-year gain, reminiscent of the Dotcom bubble at the end of the 1990s, after […]
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