A MODERN ECONOMY TOTALLY DEPENDENT ON LOW COST OIL, GAS ASO FOR ELECTRICITY MAY COLLAPSE VERY QUICJKLY EVEN WHEN THE SHORTFALLS AND PRICE HIKES ARE JUST 10 TO 20%
THE MASSIVE DEBTS IN THE WEST DUE TO PRIVATE CENTRA BANKING EXACERBATE THE THREAT OF TOTAL FNANCIAL AND ECONOMC COLLASE
BANGLADESH WARNS OF MOBILE PHONE AND INTERNET OUTAGE DUE TO THE ENERGY CRISIS
https://www.thedailystar.net/business/economy/news/telcos-warn-nationwide-disruption-amid-energy-crisis-4155551
Austria released on Monday the first batch of crude oil from its reserves in order to stabilize its energy supply.
It released 56,000 tonnes of crude oil of an emergency stockpile of 325,000 tonnes of crude.
The crdue oil will be processed in the refinery in Schwechat and sold in Austria to mitiage the impact of the Hormuz crisis.
It is not clear how much the extra crude will affect prices.
A big question concerns what willhappens when and if the emergency stockpiles run out.
A shorage of refinery capacity in Europe may hamper the processing of emergency stocks.
https://orf.at/stories/3427422/
The EU expects 5% less diesel and 15% less kerosene to be available from May,
https://orf.at/stories/3427001/
No comments:
Post a Comment