Energy prices in Britain are set to triple for the average household this winter as because of Putin’s war of aggression and green energy scams begin to take their toll. Millions of households will see their energy bills rocket as the price cap is hiked to £3,549 ($4,170) a year, plunging many into financial hardship. The record 80% October increase, announced by the regulator Ofgem, will see... 

Hungary will obtain considerable volumes of green electricity from Azerbaijan in the future by participating in an international power line project, said Foreign Affairs and Trade Minister Péter Szijjártó on Wednesday. According to Szijjártó, the current scenario clearly demonstrates the significance of identifying new energy sources and incorporating them into the country’s supply. In... 

Governor Gavin Newsom has pushed for conservation during his recent visit to a Southern California water recycling facility. The government is set to mandate water, food and energy rations, leaving Californians unable to heat or cool their houses throughout the year. They have done this rationing before in California, but it isn’t clear how bad it’s going to get this time. Moreover, gas prices... 

Two months ago, we noted the first Arab Spring 2.0 incident when, as a result of soaring food, energy (and everything else) prices, thousands of angry Iraqis took to the street to protest. Needless to say, their complaints did not get much traction, and in the meantime food prices have only exploded to fresh record highs, far surpassing the levels hit in 2011 when riots against, you guessed it, food... 

Consumer prices in Turkey soared by 69.97% in April compared to the same month last year, according to official data released on Thursday. Inflation has soared amid rising energy prices against the backdrop of the Russia-Ukraine war and due to a lira crash late last year. The figure, released by the Turkish Statistical Institute, exceeded the central bank’s estimate of 68% and represents the steepest... 

French presidential candidate, Marine Le Pen, in an interview on Tuesday, raised her voice against imposing sanctions on Russia’s energy exports since, she believes, the French will have to pay dearly for those restrictions. Le Pen noted that she is not against anti-Russian sanctions in other sectors of the economy. “I stand against sanctions concerning energy because I do not want the French... 

Only the US – not Germany or the EU – is interested in economic sanctions against Russia, the head of the Bundestag’s economy and energy committee has said. German MPs are looking at ways to lift the restrictions, he added. Bundestag energy and economy chief Klaus Ernst of Die Linke party accused the US of behaving as if Germany is its colony, as Washington tries to bully Europeans out of buying... 

Bitcoin is going to implode, repeating the fate of US energy and commodities giant Enron, Saudi billionaire investor Prince Alwaleed bin Talal said. “It just doesn’t make sense,” Alwaleed told CNBC’s Squawk Box program when asked about the prospects for Bitcoin. “This thing [Bitcoin] is not regulated, it’s not under control, it’s not under the supervision” of any central... 

According to the US Bureau of Labor Statistics the US inflation rate decreased to an eight month low in June to 1.6%. Joana Taborda at Trading Economics wrote: Consumer prices in the United States increased 1.6 percent year-on-year in June of 2017, below 1.9 percent in May and compared to market expectations of 1.7 percent. It is the lowest inflation rate since October of 2016 due to a 0.4 percent... 

The world’s first self-fueling boat has set off from Paris on a journey around the world that is expected to take six years. The world’s first self-fueling boat left dock in Paris on Saturday, the beginning of a voyage which French engineers hope could mark the start of a revolution in seafaring technology. The boat is called Energy Observer and it generates its own power via solar panels,... 

If you hate daylight saving time and the confusion and sleep deprivation it brings, you now have solid data on your side. A wave of new research is bolstering arguments against changing clocks twice a year. The case for daylight saving time has been shaky for a while. The biannual time change was originally implemented to save energy. Yet dozens of studies around the world have found that changing... 

The Obama administration has released its final Clean Power Plan which regulates carbon emissions from US power plants. The plan calls for a 32 percent reduction in emissions from 2005 levels by 2030. However, some worry higher energy bills are in the works. On Monday afternoon, President Barack Obama has formally announced the updated plan that was first issued in June 2014. The proposal is the headline... 

British firms have signed financial agreements with Cuban companies for UK investments of $400 million, including in the energy, agriculture and tourism sectors, the Havana Times reports. The signing of the investment agreement took place within the framework of a business seminar sponsored by Cuba Initiative in Havana. The three-day meeting started on Tuesday and was attended by Cuban authorities... 

A major earthquake, the Big One, is statistically almost certain in California in the coming decades, and there is even worse news below the ground: it is likely to be followed by a series of similar-sized temblors, according to a leading seismologist. The current relatively quiet seismic period, in which “far less” energy is being released in earthquakes than it is being stored from tectonic... 

Ukraine has stopped pumping Russian gas to its underground storages as Ukraine does not accept the natural gas price of $485 per 1,000 cubic meters. Russia has recently eliminated a gas discount it had given Ukraine, arguing that it was tied to a lease for Russia’s Black Sea Fleet base in Crimea peninsula. Officials say they are ready to pay $268 while Russia pointed to $2.2 billion debt Ukraine...