To avoid the energy catastrophe and reverse the huge loss in living standards already under way, we need to take over the fossil fuel companies and phase out their production with increased investment in renewables, to reduce fuel prices for households and small businesses.
The European Union’s power sector is an example of what market fundamentalism has done to electricity networks. With the end of cheap natural gas, retail consumers and businesses are paying the price for their governments’ embrace of a shoddy theory.
Creating geothermal wells made from the deepest holes in the world.
Security can only be achieved if it is universal. US efforts to contain Russia and maintain leadership over Europe are not working. The world has become multi-polar and Nord Stream 2 is a fulcrum at the centre of the current crisis.
Gas wars in Europe are very much a part of the larger geostrategic battle being waged by the US using the North Atlantic Treaty Organization (NATO) and Ukraine.
The Gulf of Mexico is littered with tens of thousands of abandoned oil and gas wells, and toothless regulation leaves climate warming gas emissions unchecked.
At a meeting last year, industry leaders contradicted public claims that emissions of climate-warming methane are under control.
In the last six years, officials in Texas and Louisiana issued permits allowing 74 petrochemical, oil, and gas projects to pump as much climate-warming pollution into the atmosphere as running 29 coal-fired power plants around the clock.
In one of the largest U.S. natural gas leaks ever recorded, Southern California Gas Company’s Aliso Canyon plant outside of Los Angeles is leaking harmful methane gas at a rate of 110,000 pounds per hour, and according to the company, it may take more than three months to plug it. The single leak, which has been called the worst environmental disaster since the BP oil spill in 2010, accounts for a quarter of the California's entire methane emissions.
The Israel-Palestine conflict is clearly not all about resources. But in an age of expensive energy, competition to dominate regional fossil fuels are increasingly influencing the critical decisions that can inflame war.
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