Ukraine War Chaos Saw Germany Lose Over $100 Billion in 2022
Germany lost over $100 billion as a result of the chaos brought about by the Ukraine War, the head of a major economic research institute in the country has said.
Germany lost over $100 billion as a result of the chaos brought about by the Ukraine War, the head of a major economic research institute in the country has said.
The ever-increasing use of green energy is making the world’s power supply more vulnerable to weather, a report on Wednesday has claimed.
The price of electricity and gas is likely to remain high in Europe for the foreseeable future, with one German supplier warning that prices are likely to double in the coming months rather than go down.
The spectre of future energy blackouts is once again looming in Germany, with the country’s plan to cut consumption falling significantly short amid cold winter weather.
The UK government has reportedly begun “wargaming” scenarios in which energy blackouts could last up to one week amid gas shortages.
While experts are warning that the country could run out of gas as early as February, German political parties are now bickering about how liberal new laws legalising cannabis should be.
Germany could be completely out of gas by February, the country’s gas agency has said, with some experts saying that the country needs to cut consumption by 30 per cent to make it through the crisis intact.
Mayhem broke out at cost of living protests in Paris on Tuesday, with rioters clashing with police and smashing windows.
German Federal Economy Minister Robert Habeck expressed concern over the looming energy crisis this winter, telling German media that the situation was extremely tense and there is a possibility that Germany may run out of gas.
Russia’s decision to disable the Nord Stream 1 pipeline to the EU has seen the price of gas spike by 35 per cent.
Riots resulting from gas shortages are to make anti-lockdown protests look like a “children’s birthday party”, one official has said.
A Swedish analyst warned that Russian shutting-off gas to Europe could see prices soar and even collapse electrical grids.
Germany’s economy minister said that the country will limit the use of gas for electricity production amid concerns about possible shortages.
Europe’s dependency on Russia for energy has once again been shown to be foolhardy as gas prices soared on Monday.
A recent report from Wired reveals that a week after a ransomware attack shut down Colonial Pipeline halting fuel distribution on the East Coast, the company paid a reported $5 million dollar ransom to regain control of their systems and resume operations. The payoff may lead to future ransomware attacks, as one expert notes: “Unfortunately, it’ll help keep United States critical infrastructure providers in the crosshairs. If a sector proves to be profitable, they’ll keep on hitting it.”
On Thursday’s broadcast of MSNBC’s “The ReidOut,” Atlanta Mayor Keisha Lance Bottoms (D) said that it’s difficult to get gas in the Atlanta area and that she “had this conversation with my 19-year-old last night, that he needed to stay
The gas shortage got worse on Thursday as more than half of gas stations in Viirginia and 68 percnt in North Carolina went dry
The president delivered remarks on the gas shortage at the White House, warning it would take “several days” to get gas supplies back to normal.
Energy Secretary Jennifer Granholm said if people drove electric cars, they would not be affected by the Colonial Pipeline shutdown.
Joe Biden expressed sympathy for Americans suffering from spiking gas prices but did not offer any immediate solutions.
A woman got out of her car and allegedly spat on a man, who allegedly spat back before the fight escalated into something more physical at a North Carolina gas station, according to an Instagram video posted Tuesday.
The average cost of gas in the United States hit three dollars a gallon on Wednesday, the first time since November 2014.
The White House struggled Wednesday to respond to the gas shortage on the East Coast of the United States, five days after the Colonial pipeline was shut down by a ransomware cyberattack.
Gas stations across the South Eastern U.S. have run out of gasoline, according to data from GasBuddy.com. Sixty-five percent of gas stations in North Carolina are out of gasoline, the data show, making it the hardest-hit state. Here are the
The average price of a gallon of gasoline rose above three dollars on Wednesday, according to data from AAA.
Energy Secretary Jennifer Granholm and Homeland Security Secretary Alejandro Mayorkas appeared at the daily White House press briefing on Tuesday to reassure Americans that the gas shortage was not actually a gas shortage.