The central chimneys at the coal-fired NTPC Ltd. Dadri Power Plant in Uttar Pradesh, India. The country, which relies on coal for about 70 percent of electricity generation, has already seen signs of power shortages. © Anindito Mukherjee/Bloomberg News
Washington Post: An energy crisis is gripping the world, with potentially grave consequences
Energy is so hard to come by right now that some provinces in China are rationing electricity, Europeans are paying sky-high prices for liquefied natural gas, power plants in India are on the verge of running out of coal, and the average price of a gallon of regular gasoline in the United States stood at $3.25 on Friday — up from $1.72 in April.
As the global economy recovers and global leaders prepare to gather for a landmark conference on climate change, the sudden energy crunch hitting the world is threatening already stressed supply chains, stirring geopolitical tensions and raising questions about whether the world is ready for the green energy revolution when it’s having trouble powering itself right now.
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WNU Editor: Here is the evidence that we are in a global energy crisis .... China rust-belt province warns of more shortages in energy crisis (Reuters). More here .... Global Energy Crisis Threatens to Hit U.S. Grids This Winter (Bloomberg), here .... Gripped by Energy Crisis, Europe Considers Breaking Climate Promises and Turning to Coal (Newsweek), and here .... A global energy crisis is coming. There's no quick fix (CNN).
4 comments:
Just sad.
#Stolen election. # leftist non-humans.
Dow rises 200 points to start the week, energy stocks lead the way...
Wall Street is decoupled from main street. Energy sector rise, while retail sector declines.
Shuffling the chairs in the titanic.
Energy sector get more capitol. It can invest it. Energy supplies will grow with the new capitalization, but it could take 6 months or longer. In the meantime Biden has porked us.
This would be a great time to close more pipelines and offshore oil facilities, outlaw fracking and coal mining, downsize hydro energy plants, and embrace the great green low-carbon future. It'll be fun -- and good for the planet!
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