Gas Stations in France Running On Empty As Strikes Enter Fourth Day

Gas Stations in France Running On Empty As Strikes Enter Fourth Day

Diesel and petrol stations in France are running out of fuel, according to an industry union, as a refining strike takes its toll. Stations around the Havre and Lyon have been affected, according to the GCT union. France was already battling a shortage of refined products, with Russia’s exports to Europe falling in recent months. … Read more

Catastrophic Grid Failure Causing Widespread Blackouts In Nigeria

Catastrophic Grid Failure Causing Widespread Blackouts In Nigeria

Nigeria’s national electricity grid woes show no signs of abating with the grid collapsing again on Monday, leaving many parts of the country without power. Nigeria’s national power grid has collapsed at least four times this year, with the authorities blaming technical problems for the breakdowns. A month ago, workers from the Transmission Company of … Read more

The Perfect Storm Is Brewing In US Diesel Markets

The Perfect Storm Is Brewing In US Diesel Markets

1. Threat of Railways Stike Highlights US Energy Vulnerability – The prospect of a nationwide railway strike pushed US natural gas futures up above 9 per mmBtu, amidst fears of coal-by-rail disruptions, underscoring the importance of gas in power generation. – According to the US EIA, consumption of natural gas in the United States is … Read more

The Energy Market’s Next Crisis: Oil Tanker Shortages

The Energy Market’s Next Crisis: Oil Tanker Shortages

In the new era of energy shortages, one aspect of the situation has tended to get overlooked: the transport of energy. Demand for tankers has been on the rise since the European Union slapped sanctions on Russia in the spring, and this trend is only going to intensify in the coming months as the EU … Read more

European Crop Yields Collapse Amid Worst Drought In 500 Years

European Crop Yields Collapse Amid Worst Drought In 500 Years

Besides the news of record high electricity prices, a troubling new crop failure report about Europe’s upcoming harvest was published Monday. The bloc’s Monitoring Agricultural Resources forecasted corn yields could drop by nearly a fifth due to a devastating drought, according to Bloomberg. Before we dive into the crop report, Europe’s centuries-old ‘hunger stones’ were … Read more

Albertans set to receive double carbon tax rebate this week

Albertans set to receive double carbon tax rebate this week

Albertans who have filed their 2021 tax returns should wake up Friday morning with some extra money in their bank accounts as the federal government pays out its first round of carbon tax rebates for 2022. The first payment will include the first two quarters of the year. Single adults will receive $269.50. If you … Read more

The Futuristic Vehicles That Could Compete With EVs

The Futuristic Vehicles That Could Compete With EVs

Despite leading the green transport market, electric vehicles (EVs) may not be the only option available in the future. Several climate-friendly alternatives to electric battery vehicles are being researched and designed, although most are getting little public attention. So, will the green car of the future be electric, or will other technologies catch up to … Read more