During the day, when the wind blows and the sun is shining, the amount of electricity available in Germany and some other European countries is often more than is needed. But insufficient battery storage has made it impossible to store that energy for later use. Once the sun goes down, it's often l»»»

Authored by Irina Slav via OilPrice.com, The Israel-Iran conflict has driven up diesel, jet fuel, and gas prices. With 20% of global LNG flowing through the Strait of Hormuz, even threats of disruption have raised EU gas prices by 20%. Europe’s refusal to sign long-term LNG deals or develop local h»»»