Sky News Washington Correspondent Annelise Nielsen says OPEC has justified this decision by saying it’s necessary to try to curb global increases in
prices.OPEC has decided to cut oil production by around two million barrels per day in November, with much of it being taken out of Russian production.
Just another reminder the aim of capitalism is for producers to maximise profits and NOT contrary to the teachings of some corrupted media outlet for the benefit of us all
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Coal usage is ‘booming all over the world’The Australian’s Greg Sheridan says Australia is “trying to become Europe” with the current energy policy by abandoning coal – which is still a popular form of getting power. Mr Sheridan said two reports showed coal usage for energy actually rose by 8.5 per cent in 2021. “Coal, far from the world turning its back on it, it’s booming all over the world,” he told Sky News host Andrew Bolt. “More than half the countries which have formal declaration to abandon coal actually increased their coal-fired electricity generation in 2021.” Europa can be excused for 'having a crack' at transitioning away from fossil fuels (maybe). Australia, however, does not have ANY excuse. Bowenchris tanya_plibersek AlboMP NOT ONE! Who ever is in charge: BLOOD IS ON YOUR HANDS! Because The Australian would never lie about climate change and renewables? 'Popular' Who gives a .... Coal is very expensive compared to renewables, and that's all that matters.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Morning mail: security firm data breach, UK cabinet in chaos, wave energy hopesWednesday: G4S employees had tax file numbers and bank account details posted online. Plus: the best films and shows to stream this month
Source: GuardianAus - 🏆 1. / 98 Read more »
Ditch gas, go solar: How to prepare for two more years of high energy billsThe forecast is cloudy, but don’t bank on energy prices getting cheaper any day in the near future. joelgibson Albo promised bills will come down by $275. Albo would never lie. joelgibson Don't touch my gas, it's the only way to cook food properly! joelgibson so what part of the energy supply required this price gouge...........free market at work
Source: smh - 🏆 6. / 80 Read more »
UK drops plan to prepare for winter blackouts with energy rationing campaignExclusive: business department and industry were considering drive to cut household use, despite PM ruling it out
Source: GuardianAus - 🏆 1. / 98 Read more »
Academics debate bitcoin as ‘environmental calamity’New academic studies stoke the debate around bitcoin’s true energy costs and carbon footprint as energy bills rocket five-fold or more in Europe.
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RBA’s cash rate decision is ‘cold comfort’: DuttonOpposition leader Peter Dutton says the RBA lifting the cash rate by 25 basis points to 2.6 per cent is “cold comfort” for those carrying a lot of debt. “And of course, it’s not just in isolation, people are now going to pay 23 cents a litre more for their petrol, energy prices under this government continue to go up and up,” Mr Dutton told Sky News host Chris Kenny. “And the whole basket of the cost of living pressures really becomes a very expensive reality for families.” A wise decision, this rate rises plus the last 2 will hit the economy post Christmas shopping period. Business activities with become very subdue then But that's the prelude to rates coming down steadily over 2023..the slowdown we will have to have What a Dumb observation. Duh! And a middle finger to those that aren’t
Source: SkyNewsAust - 🏆 7. / 78 Read more »