Welcome to
On Feet Nation
Saba Khan Online
Falcon Emergency Online
goditac499 Online
Robinjack Online
Posted by Saba Khan on September 19, 2024 at 2:37am 0 Comments 0 Likes
In today's increasingly international market, firms must adhere to a wide range of regulatory norms, particularly when working with technology and telecommunications equipment. The TEC Certificate is an important credential in this regard. This article takes a comprehensive look at what the TEC Certificate is, why it is required, and how it benefits businesses and consumers.
What is the TEC Certificate?
The Telecommunication Engineering Centre (TEC) certificate is a mandated…
Posted by Falcon Emergency on September 19, 2024 at 2:36am 0 Comments 1 Like
With the availability of a train Ambulance, people find the process of evacuation to be extremely safe and non-troublesome. For the sake of safety-compliant and risk-free medical transfer, …
ContinuePosted by Aarti Ghodke on September 19, 2024 at 2:22am 0 Comments 0 Likes
Posted by goldensun on September 19, 2024 at 2:20am 0 Comments 0 Likes
Discovering the Best CBSE Schools in Lucknow: A Guide for Parents
When it comes to finding the best education for your child, choosing the Best CBSE Schools in Lucknow is often a priority for parents. Known for its quality education system, Lucknow has a wide range of CBSE Affiliated Schools that provide students with top-notch facilities, experienced teachers, and a curriculum that meets global standards. In this article, we’ll explore the Top CBSE School in Lucknow and help you make…
London (CNN Business)Astronomical increases in natural gas prices. Skyrocketing coal costs. Predictions of $100 oil.
A global energy crunch caused by weather and a resurgence in demand is getting worse, stirring alarm ahead of the winter, when more energy is needed to light and heat homes. Governments around the world are trying to limit the impact on consumers, but acknowledge they may not be able to prevent bills spiking.
Further complicating the picture is mounting pressure on governments to accelerate the transition to cleaner energy as world leaders prepare for a critical climate summit in November.
In China, rolling blackouts for residents have already begun, while in India power stations are scrambling for coal. Consumer advocates in Europe are calling for a ban on disconnections if customers can't promptly settle what they owe.
"This price shock is an unexpected crisis at a critical juncture," EU energy chief Kadri Simson said Wednesday, confirming the bloc will outline its longer-term policy response next week. "The immediate priority should be to mitigate social impacts and protect vulnerable households."
In Europe, natural gas is now trading at the equivalent of $230 per barrel, in oil terms — up more than 130% since the beginning of September and more than eight times higher than the same point last year, according to data from Independent Commodity Intelligence Services.
In East Asia, the cost of natural gas is up 85% since the start of September, hitting roughly $204 per barrel in oil terms. Prices remain much lower in the United States, a net exporter of natural gas, but still have shot up to their highest levels in 13 years.
"A lot of it is feeding off of fear about what the winter's going to look like," said Nikos Tsafos, an energy and geopolitics expert at the Center for Strategic and International Studies, a Washington-based think tank. He thinks that anxiety has caused the market to break away from the fundamentals of supply and demand.
https://medlockandsons.com/advert/hd-720p-watch-bhramam-online-2021...
https://medlockandsons.com/advert/hd-720p-watch-republic-online-202...
https://medlockandsons.com/advert/hd-720p-watch-chal-mera-putt-3-on...
https://medlockandsons.com/advert/tamilrockers-watch-chal-mera-putt...
https://medlockandsons.com/advert/tamilrockers-watch-moosa-jatt-onl...
https://medlockandsons.com/advert/tamilrockers-watch-qismat-2-onlin...
https://medlockandsons.com/advert/download-no-time-to-die-full-movi...
https://medlockandsons.com/advert/123movies-no-time-to-die-2021-wat...
https://medlockandsons.com/advert/tamilrockers-watch-konda-polam-on...
https://medlockandsons.com/advert/tamilrockers-watch-doctor-online-...
The frenzy to secure natural gas is also pushing up the price of coal and oil, which can be used as substitutes in some cases, but are even worse for the climate. India, which remains extremely dependent on coal, said this week that as many as 63 of its 135 coal-fired power plants have two days or less of supplies.
The circumstances are causing central banks and investors to worry. Rising energy prices are contributing to inflation, which already was a major concern as the global economy tries to shake off the lingering effects of Covid-19. Dynamics over the winter could make matters worse.
The crisis is rooted in soaring demand for energy as the economic recovery from the pandemic takes hold, and a carefully calibrated system that's easily disrupted by weather events or mechanical problems.
An unusually long and cold winter earlier this year depleted stocks of natural gas in Europe. Soaring demand for energy has impeded the restocking process, which typically happens over the spring and summer.
China's growing appetite for liquified natural gas has meant LNG markets can't fill the gap. A decline in Russian gas exports and unusually calm winds have exacerbated the problem.
"The current surge in European energy power prices is truly unique," energy analysts at the Société Générale bank told clients this week. "Never before have power prices risen so far, so fast. And we are only a few days into autumn — temperatures are still mild."
The dynamics are reverberating globally. In the United States, natural gas prices have risen 47% since the beginning of August. The scramble for coal is also triggering a spike in the price many European companies have to pay for carbon credits so they can burn fossil fuels.
Additionally, the energy crunch is supporting oil prices, which hit seven-year highs in the United States this week. Bank of America recently predicted that a cold winter could push the price of Brent crude, the global benchmark, past $100 per barrel. Prices haven't been that high since 2014.
© 2024 Created by PH the vintage. Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation