Sweeping policies to make the economy less dependent on debt, monopolies and fossil fuels have hit its citizens.
Fossil Fuels
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Or is it just a way of masking the issues?
US heating bills are set to soar this winter, as prices for natural gas, heating oil and propane soar.
LNG shortages have triggered blackouts in some countries and squeezed household bugets.
Soaring energy prices could threaten the economic recovery in Europe.
China is the world’s biggest producer and consumer of coal, and right now its inventories are at record lows.
Global benchmark Brent crude this week topped $80 a barrel as global energy crunch takes hold.
More than 1.7 million United Kingdom customers have lost their energy supplier, as natural gas prices break records.
Government is considering hiking power prices for factories to ease a growing supply crunch, sources tell Bloomberg.
Queues at petrol pumps remain widespread in the United Kingdom on Wednesday.
Coal stockpiles are low in China and demand is at an all-time high.
Surge in global gas prices is forcing Pakistan to pay top dollar or forego spot shipments it needs to tide over winter.
Analysts say the Iran-backed party’s expanding patronage aims to boost its popularity amid Lebanon’s energy crisis.
Saudi’s Public Investment Fund has been investing more in businesses that benefit from a transition from fossil fuels.