Rising inflation rates due to supply-side factors – COVID-19, Ukraine and supply chain shortages – make countering inflation difficult for the central bank.
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.
None will address prices immediately. For now, the best option to keep warm this winter without breaking the bank is to shop around for the best electricity deals.
Our coal-fired generators are failing, Russia’s invasion of Ukraine has made the gas that fires the generators that are replacing them expensive, and it’s suddenly got cold.
Allowing the sale of gasoline that’s 15% ethanol year-round won’t have much impact on gas prices, but recent research shows that growing corn for fuel affects the climate – for the worse.
The shock waves from Russia’s invasion of Ukraine rippling through world energy, food and trade supply lines are profound, but not big enough to split the global economy
Over-reliance on sanctions and economic warfare measures have led to strategic complacency and the avoidance of negotiations on the part of the western governments.
Oil supply is very tight, and the current geopolitical crisis involving Russia, one of the world’s largest oil producers, has pushed prices over the edge.
New relationships between energy, geopolitical security and climate change policy flowing from the invasion of Ukraine are beginning to emerge, and the implications could be enormous.