E.U. diplomats aim to agree on a price this week, clearing the way to enforce the measure before a Dec. 5 deadline.
Category: Oil (Petroleum) and Gasoline
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Will Taxing the Windfall Profits of Oil Giants Fix Countries’ Economies?
The New York Times – Business:Britain is raising a tax on gas and oil producers, and adding a levy on companies that supply electricity — a similar approach to that of other governments chasing revenue.
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A Parade of Tankers Has Eased Europe’s Energy Crisis
The New York Times – Business:Chilled gas from the United States has helped replace fuel from Russia, upending European energy markets.
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Electric Vehicles Start to Enter the Car Buying Mainstream
The New York Times – Business:While sales are still skewed toward affluent buyers, more people are choosing electric vehicles to save money.
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Takeaways From a Hopeful Inflation Report
The New York Times – Business:The Consumer Price Index in October showed that inflation remained rapid, but there were some hopeful signs under the surface.
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Saudi Aramco Reports $42 Billion in Profit as Cash Rolls In
The New York Times – Business:The bumper earnings from the world’s largest oil company were, nonetheless, a slight decline on the previous quarter.
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Europe Braces for a Winter Without Russian Gas
The New York Times – Business:Countries across the continent have taken extraordinary steps to decrease energy use and ramp up supply, moving swiftly away from their longtime primary provider, Russia.
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Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax
The New York Times – Business:The president has been eager to redirect public anger over gas prices as Democrats try to keep power in Congress in the midterm elections.