IEA's Birol Says "Ready To Act" If Energy Shock Worsens As US Offers 40 Million-Barrel SPR Lifeline

Germany Weighs Market Incentives To Boost Record Low Gas Storage Level Authored by Tsvetana Paraskova via OilPrice.com, Germany is considering expanding a key market incentive to encourage traders to raise gas storage levels ahead of the winter, a government source told Reuters on Wednesday as German gas sites are barely half full at present. Europe's biggest economy has the world's fourth-largest natural gas storage capacity, but this capacity has been only 56% full as of the middle of September, according to data by Gas Infrastructure Europe. That's a historically low level, the lowest...

The Return Of Economic Gaslighting Authored by Connor O'Keefe via The Mises Institute, Around two and a half years ago, as the Biden administration was entering what we now know was its final year, the then-president’s re-election campaign was growing frustrated. According to nearly all the big economic indicators and aggregates, the economy was doing quite well, especially considering the historic shutdown governments had forced on the global economy a few years before. However, at the same time, the American public as a whole felt very negatively about that same economy. And that negativity was...

An Iranian spokesman said Tehran has the right to target US bases in any countries that are used to attack Iran. “There is no justification for any country to fear Iran unless that country opens its territory to the United States for aggression against Iran,” Iran’s Foreign Ministry spokesman Esmail Baghaei said on Monday. “It is […]