Tag: EU

U.S. fuel prices have climbed to their highest levels since the Iran war began in late February, with diesel setting fresh all-time records and wholesale costs now exceeding the peaks seen before the first ceasefires.

Clark Savage39

How high they go from here, and how long they stay elevated, depends less on crude alone than on a global refining system that is already running near its limits. Energy analyst John Kemp noted Wednesday that the combined cost of U.S. crude and refining margins is now higher than in early April. So far […]

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Minister to meet Jaguar Land Rover boss as thousands of job cuts expected due to Net Zero

Clark Savage55

Business Secretary Jonathan Reynolds will meet Jaguar Land Rover chief executive PB Balaji and Unite general secretary Sharon Graham early this week to discuss thousands of expected job cuts at Britain’s largest carmaker. JLR has opened a voluntary redundancy program for salaried and management staff as it targets £1.7 billion in savings over two years. […]

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Net Zero is the root cause of deindustrialization as Germany’s Volkswagen cuts 100K jobs

Clark Savage37

Volkswagen’s board has approved the largest restructuring in the company’s 89-year history: about 100,000 jobs gone by 2030, a slashed model lineup, and four German plants—Emden, Zwickau, Hanover, and Audi’s Neckarsulm—facing a phased wind-down between 2031 and 2034. That is not a cyclical downturn. It is what happens when energy policy prices a manufacturing nation […]

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Russia’s surprise return to a G20 finance meeting in Asheville, North Carolina, this week laid bare a widening rift.

Clark Savage40

European attendees openly scorned the presence of Russian Finance Minister Anton Siluanov, who attended at the invitation of the Trump administration—the first in-person Russian participation since the 2022 invasion of Ukraine. German Vice Chancellor and Finance Minister Lars Klingbeil called the signal “quite troubling” and insisted “you cannot simply return to normality.” European officials refused […]

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Norway Breaks Ranks: The First Crack in Europe’s Net-Zero Facade

Clark Savage26

ENB Pub Note: This is an outstanding article from Dr. Tammy Nemeth on the Nemeth Report Substack. We highly recommend subscribing!  Norway has punctured the illusion that Europe’s net-zero transition is attainable. At the end of August, Energy Minister Terje Aasland not only declared that Norway as Europe’s “green battery” was “a flawed idea”, but also made clear […]

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