Oil price hike catches markets off-guard
The pandemic allowed everyone to live in a state of economic delusion. Now, the reality check is chastening.
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The pandemic allowed everyone to live in a state of economic delusion. Now, the reality check is chastening.
Europe is in a stronger position than it was a year ago with gas storage capacity almost full and reliance on Russian gas down.
Ministers knew the auction floor price was too low yet they did nothing. Now, all their net zero plans and targets are up in smoke.
The question now is whether demand-side inflation is still rising which means inflation will stay high for longer.
Today’s botched auction showed that no one is comfortable footing the bill.
New offshore wind farms are failing to attract bids while onshore wind will never be more than a rounding error, even if windmills cover the country.
In a last-minute bid to stave off a backbench rebellion, Rishi Sunak has declared an end to the de facto ban on onshore wind in England.
Pump prices are creeping up again because motorists are at the mercy of an unregulated group of 23 oil-producing nations.
Doomberg, the US energy analyst, speaks to Neil and Jonathan about the direct link between rising wind and solar usage and declining standards of living.
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