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Crude oil tankers heading to the Strait of Hormuz.
Economy|Energy

Europe’s Answer to the Oil Shock Is Yet Another Tax

The Strait of Hormuz is barely functioning, diesel prices have surged and refineries are running at their limits. Europe is facing…

NextStar plant in Windsor, Ontario.
Economy|Energy

AI Is Taking Over the Battery Factories Built for the EV Boom

America built a battery industry for an electric-car revolution that arrived much more slowly than promised. Now the same factorie…

Paks nuclear power plant by the Danube River.
Economy|Energy

Hungary and Romania Reshape the Danube to Save Their Nuclear Plants

Hungary's Paks nuclear power plant is running at a fraction of its capacity, and Romania has shut down its last operating reactor,…

Germany is preparing for possible energy shortages.
Economy|Energy

Germany Prepares for an Age of Energy Scarcity

Electricity, gas and oil are expensive, increasingly scarce and heavily taxed in Germany. Now the country is preparing for rationi…

A worker attends to a robotic arm in Germany.
Economy|Energy

To Compete, Europe Needs More Than Cheap Energy

The European Commission is right to examine why Europe's economy is losing ground to global competitors. But by focusing primarily…

A motorist fills up at a gas station.
Economy|Energy

Europe’s Diesel Supplies Are Running Low, Morgan Stanley Warns

While politicians and the media remain preoccupied with crude oil, a potentially more serious problem is emerging in the diesel ma…

Climate activists block tracks to a Europipe plant.
Technology

Decarbonization for Us Carbon-Based Life Forms

The taxation and regulation of CO2 have hit political snags in the US, Canada and Europe. New technology offers a third way to add…

Economy|Energy

Oil Prices Have Fallen, but the Crisis Is Far from Over

Oil prices fell sharply on news of the US-Iran agreement, yet the relief in the markets may prove premature. The Strait of Hormuz …

New extraction technologies in the USA.
Economy|Energy

“Drill, baby, drill!” Natural Gas Fracking Has Saved Americans Trillions

New extraction methods turned the US into a net exporter of natural gas. They also lowered the costs of heating and cooking.

Industry relies on reliable electricity.
Economy|Energy

Germany’s Wrong-Way Energy Policy

Global energy demand is soaring, driven by the technologies of the future. Germany, meanwhile, is blowing up power plants and regu…

Soldiers celebrating in the city of Hama.
Economy|Energy

From Ruin to Relevance: Syria Tries to Sell Its Geography to the West

Syria shows how quickly the rhetoric around a country can change. Yet while Damascus now casts itself as a future energy hub, the …

Candles lit in a household.
Economy|Energy

Brussels Wants Citizens to Save Power for the AI Age

Brussels plans to make households adjust their electricity use to the availability of wind and solar power while energy-hungry dat…

Wind turbines in a field.
Economy|Energy

The Wind Power Paradox of the Energy Transition

More wind turbines do not automatically mean more electricity. The expansion of wind and solar power is running into physical, eco…

Two companies withdrew from wind farm expansion.
Economy|Energy

Offshore Wind Starts to Falter

Energy giants TotalEnergies and BP are pulling back from several offshore wind sites in the North and Baltic Seas after openly que…

Global oil shock and green energy investment.
Economy|Energy

Why an Oil Shock May Mean More Coal, Not Less

Another oil shock, another promise of a green energy revolution. But as prices surge in the wake of the Iran conflict, the case fo…

The Slovak government faces a dilemma between boosting state revenues and keeping fuel prices stable, as Slovnaft struggles to generate the extraordinary profits needed for higher taxation. Photo: Zuzana Gogova / Getty Images
Economy|Energy

Oil Windfall Tax Debate Exposes Central Europe’s Dilemma

Europe’s oil majors are posting bumper profits, prompting fresh calls for windfall taxes. Slovakia, however, shows why the debate …

Vladimir Putin and Xi Jinping.
Economy|Energy

Putin and Xi Agree on Construction of Second Siberian Gas Pipeline

Moscow and Beijing have discussed the Power of Siberia 2 gas pipeline for a decade. The project now appears to be gaining momentum…

Czech energy company CEZ is caught in a battle over state control, nuclear investment and minority shareholders. Photo: David W. Cerny/Reuters
Economy|Energy

The Battle Over CEZ Is About More Than Energy

The Czech government is preparing a step that could reshape the ownership of energy giant CEZ, with the huge cost of the Dukovany …

LNG tanker docked at the terminal.
Economy|Energy

Germany and India Warn of Gas Shortages

Germany is urging citizens to save gas while denying that there is a real crisis. India, by contrast, is openly warning of the dan…

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