Russia-Ukraine War
OPEC Plus Decision to Reduce Oil Output Could Lead to Global Recession
A decision earlier this month by a group of the world's largest oil exporters to drastically reduce oil production to stem the decline in oil prices could be a ‘tipping point’ for a global recession, says the International Energy Agency.
Vladimir Putin is Waging Two Wars in Europe
A hot war is being fought by Ukraine against Russia while the European Union is reeling from an energy war waged by Russian President Vladimir Putin in retaliation against economic sanctions placed on his nation for invading Ukraine.
Rationing Energy
American motorists may complain about the 'pain at the pump,' but there is no shortage of gasoline, unlike the availability of natural gas in Europe.
Is $7 a Gallon for Gas on the Horizon?
Global oil prices may skyrocket when the European Union, which receives about one third of its oil from Russia, enacts a partial ban on importing Russian oil at the end of the year to stop financing Russia's war in Ukraine.
Europe's New Energy Infrastructure Begins to Emerge
When Russia invaded Ukraine on February 24, Russian President Vladimir Putin hoped to quickly redraw national boundary lines in Eastern Europe. The region's energy infrastructure, particularly pipelines carrying natural gas, may change sooner.
Banning Russian Oil, Part II
Part I occurred when President Biden banned the importation of all Russian fossil fuels on March 8. A month later, Congress passed legislation to codify the embargo. Getting the European Union onboard is proving cumbersome.
Has the Rug Been Pulled Out From Under Environmentalists?
Robinson Meyer, a climate reporter for The Atlantic, writes about the awkward place American environmentalists find themselves due in part to the war in Europe that has created an international energy crisis and historically high fuel prices at home.
Energy War Comes to the European Union
When President Putin ordered Gazprom to turn off the valve on pipelines carrying Russian gas to Poland and Bulgaria, he effectively expanded the Russia-Ukraine war to the European Union, threatening their economic well-being and way of life.
Withholding Energy as a Weapon
As Russia intensifies its offensive in Ukraine, energy security has become a matter of urgency for Poland and Bulgaria after Russia announced they will suspend the flow of natural gas through its pipelines to these two NATO and EU members.
A Somber Earth Day Finding
Polling from CBS News/YouGuv shows an inverse relationship between the economy and the environment. A year ago, 56% of respondents rated climate change as an urgent issue. Today's Earth Day finding shows it at 49% as doubts grow about the economy.
Hooked on Russian Gas
The EU relies on Russia for 45% of its natural gas imports and 27% of its crude oil imports. Germany's dependency is a major reason why it won't ban these imports despite Russia's war in Ukraine. Two natural gas pipelines explain part of the problem.
European Union Takes Initial Step to Ban Russian Energy Imports
After a second day of talks in Brussels, ambassadors to the European Union agreed to ban coal imports from Russia as evidence of widescale atrocities committed by Russian troops in Ukraine surfaced after their withdrawal from the outskirts of Kyiv.
Waging War on High Gas Prices
America is not at war, but that didn't stop President Joe Biden from calling the largest release of oil from the nation's Strategic Petroleum Reserve that he authorized on March 31 to lower oil prices, a 'wartime bridge.'
U.S. to Help European Union Achieve Energy Security
President Joe Biden and European Commission President Ursula von der Leyen announced in Brussels the formation of a joint task force to help the European Union reduce dependence on Russian energy in response to Russia's invasion of Ukraine.
Sanctioning Russian Energy Exports
European leaders chose not to join the U.S. in an embargo of Russian energy products largely because of dependence on natural gas. Similarly, the world needs the 11% of crude oil that Russia exports. What can the U.S. do to lessen this dependence?
Pumping More Oil to Lower Gas Prices
Proponents of increased oil drilling in the U.S. to replace banned Russian oil argue that it will decrease prices at the pump. A Texas reporter examined the claim with a University of Texas energy analyst. If only it was that simple.
Banning Russian Oil
President Biden announced a ban on the importation of Russian energy on Tuesday in response to Russian President Vladimir Putin's invasion of Ukraine. He warned that gasoline prices will go even higher as a result. Europe will not be joining the ban.
The Missing Sanctions on Russia
President Biden took aim at Russia in his State of the Union address for the war it has started in Ukraine, vowing that they will "pay a price" which so far has yet to extend to their oil and gas exports.
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