Thursday, December 30, 2021

Biden’s Blundering Energy Policy & The Global energy crisis:

Energy prices continued to surge to fresh records as renewed fears stoked panic about the worst shortage in decades. India warned that it only had four days of coal reserves left, German power plants ran out of fuel and China unloaded an Australian coal shipment despite an import ban and icy relations. Supply was just not there as economies rebounded from a pandemic-induced lull, while problems like logistical logjams and transport bottlenecks added to the pressure (OPEC+ didn't come to the rescue, but Vladimir Putin tried to, and the U.S. tapped the Strategic Petroleum Reserve).

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