An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
Category: Russian Invasion of Ukraine (2022)
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How Energy Prices Are Driving Demand for Solar Panels and Heat Pumps
The New York Times – Business:Already having faced an energy crisis five years ago, more European consumers believe they are “one Trump-ignited war away” from crushing costs.
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Europeans Prepare for a More Dangerous World in a Time of Economic Upheaval
The New York Times – Business:A stalwart on defense spending, Poland is training its citizens in civil defense while balancing their jobs and families.
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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
The New York Times – Business:European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
The New York Times – Business:Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
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Pentagon Seeks Help From Ford and G.M.
The New York Times – Business:Concerned about the slow pace and high cost of weapons production, Pentagon officials have begun talks with General Motors and Ford Motor about producing certain parts.
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The Escalating Global A.I. Arms Race
The New York Times – Business:China, the U.S., Russia and others have ramped up their contest over artificial-intelligence-backed weapons and military systems. The buildup has been compared to the dawn of the nuclear weapons age.
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Fallout of War Piles Economic Pain Onto Europe’s Political Stress
The New York Times – Business:Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business:The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The New York Times – Business:The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
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Can This Russian Bakery Survive a 3,500% Tax Increase?
The New York Times – Business:The challenges faced by a small-business owner near Moscow highlight how Russia’s war-drained economy is on the doorstep of a major crisis.