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The price of oil is rising – again
We may be in a period of economic recovery but there’s nothing like high commodity prices to kill off fiscal optimism.
We may be in a period of economic recovery but there’s nothing like high commodity prices to kill off fiscal optimism.
Europe is in a stronger position than it was a year ago with gas storage capacity almost full and reliance on Russian gas down.
It’s hard imagine that three separate breakages in the pipeline could be accidental and Russian involvement cannot be ruled out, say Danish and German leaders.
Whether it be investment in our own natural gas fields or co-operation with international partners, there are ways to remediate the problem.
Neil Collins’ Notebook: Gas shortages – and soaring prices – are a grave concern. But let’s remember the first law of commodities: today’s shortage is tomorrow’s glut.
Daily Briefing: The eye-watering profits of oil and gas giants is been described as an “insult” to the millions of households facing punishingly high energy bills.
Daily Briefing: In the event of a total shutdown of Russian gas, the deal states that a 15% reduction in gas use will become mandatory for all member states.Â
Global gas and grain shortages are a classic example of chaos theory in action: in a globalised world, a crisis in one country feeds into consequences for us all.
Neil Collins’ Notebook: Britain is blundering towards a cold, high-cost energy future, as oil and gas regulators face political pressure from our government which values short-term popularity over all else.
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