What is the electricity grid and how does it work? How are energy supply and prices determined? An expert breaks down a few of the terms and ideas underpinning Australia’s energy crisis.
We arrived at this moment thanks to a series of policy decisions under previous governments – state and federal - that left Australia’s energy system unable to cope with the demands placed on it.
A bigger-than-expected jump in inflation means the Fed may have to get more aggressive about interest rate hikes. An obscure economic indicator suggests it has room to do so.
Labor knew it would inherent a cost-of-living problem – it campaigned on it. But it didn’t expect the dramatic crisis in gas prices Australia is suddenly facing
The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
Russian money for Russian gas?
Vyacheslav Lopatin/Alamy Stock Photo
Grain and fertilizer shortages, higher shipping costs and a strong dollar are all pushing food prices up and increasing hunger in dozens of vulnerable countries.
California is seeing some of the highest gas prices in the U.S.
AP Photo/Jeff Chiu
The consumer price index, which measures everything from the price of peanut butter to gasoline, jumped at an annualized pace of 8.5% in March 2022 as inflation continued to accelerate.
More than 6 million UK households may now be unable to heat their homes.
Several sites, such as this one near Freeport, Texas, store the hundreds of million of barrels in the United States’ Strategic Petroleum Reserve.
Department of Energy via AP