- published: 25 Jan 2017
- views: 14786
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remove the playlist2000s Energy Crisis
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2000s energy crisis
From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. Commentators attributed these price increases to many factors, including Middle East tension, soaring demand from China, the falling value of the U.S. dollar, reports showing a decline in petroleum reserves, worries over peak oil, and financial speculation.
For a time, geopolitical events and natural disasters had strong short-term effects on oil prices, such as North Korean missile tests, the 2006 conflict between Israel and Lebanon, worries over Iranian nuclear plans in 2006,Hurricane Katrina, and various other factors. By 2008, such pressures appeared to have an insignificant impact on oil prices given the onset of the global recession. The recession caused demand for energy to shrink in late 2008, with oil prices collapsing from the July 2008 high of $147 to a December 2008 low of $32. Oil prices stabilized by August 2009 and generally remained in a broad trading range between $70 and $120 through November 2014, before returning to 2003 pre-crisis levels by early 2016.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/2000s_energy_crisis
Energy crisis
An energy crisis is any significant bottleneck (or price rise) in the supply of energy resources to an economy. In popular literature, it often refers to one of the energy sources used at a certain time and place, in particular those that supply national electricity grids or those used as fuel in vehicles.
Industrial development and population growth have led to a surge in the global demand for energy in recent years. In the 00s, this new demand — together with Middle East tension, the falling value of the U.S. dollar, dwindling oil reserves, concerns over peak oil, and oil price speculation — triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 a barrel in 2008.
Causes
Government actions like tax hikes, nationalisation of energy companies, and regulation of the energy sector, shift supply and demand of energy away from its economic equilibrium. Market failure is possible when monopoly manipulation of markets occurs. A crisis can develop due to industrial actions like union organized strikes and government embargoes. The cause may be over-consumption, aging infrastructure, choke point disruption or bottlenecks at oil refineries and port facilities that restrict fuel supply. An emergency may emerge during very cold winters due to increased consumption of energy.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Energy_crisis
1973 oil crisis
The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of OPEC plus Egypt and Syria) proclaimed an oil embargo. By the end of the embargo in March 1974, the price of oil had risen from $3 per barrel to nearly $12 globally; US prices were significantly higher. The oil crisis, or "shock", the embargo caused had many short-term and long-term effects on global politics and the global economy. It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock."
Summary
The embargo was a response to American involvement in the 1973 Yom Kippur War. Six days after Egypt and Syria launched a surprise military campaign against Israel to regain territories lost in the June 1967 Six-Day War, the US supplied Israel with arms. In response to this, OAPEC announced an oil embargo against Canada, Japan, the Netherlands, the United Kingdom and the US.
The crisis had a major impact on international relations and created a rift within NATO. Some European nations and Japan sought to disassociate themselves from United States foreign policy in the Middle East to avoid being targeted by the boycott. Arab oil producers linked any future policy changes to peace between the belligerents. To address this, the Nixon Administration began multilateral negotiations with the combatants. They arranged for Israel to pull back from the Sinai Peninsula and the Golan Heights. By January 18, 1974, US Secretary of State Henry Kissinger had negotiated an Israeli troop withdrawal from parts of the Sinai Peninsula. The promise of a negotiated settlement between Israel and Syria was enough to convince Arab oil producers to lift the embargo in March 1974.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/1973_oil_crisis
1979 energy crisis
The 1979 (or second) oil crisis or oil shock occurred in the United States due to decreased oil output in the wake of the Iranian Revolution. Despite the fact that global oil supply decreased by only ~4%, widespread panic resulted, driving the price far higher than justified by supply. The price of crude oil more than doubled to $39.50 per barrel over the next 12 months, and long lines once again appeared at gas stations, as they had in the 1973 oil crisis.
In 1980, following the outbreak of the Iran–Iraq War, oil production in Iran nearly stopped, and Iraq's oil production was severely cut as well. Economic recessions were triggered in the US and other countries. Oil prices did not subside to pre-crisis levels until the mid-1980s.
After 1980, oil prices began a 20-year decline, eventually reaching a 60 percent fall-off during the 1990s. As with the 1973 crisis, global politics and power balance were impacted. Oil exporters such as Mexico, Nigeria, and Venezuela expanded production; the USSR became the top world producer; North Sea and Alaskan oil flooded the market; and OPEC lost influence.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/1979_energy_crisis
Podcasts:
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What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning, definition & explanation
✪✪✪✪✪ http://www.theaudiopedia.com ✪✪✪✪✪ ✪✪✪✪✪ The Audiopedia Android application, INSTALL NOW - https://play.google.com/store/apps/details?id=com.wTheAudiopedia_8069473 ✪✪✪✪✪ What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning - ENERGY CRISIS definition - ENERGY CRISIS explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. An energy crisis is any significant bottleneck in the supply of energy resources to an economy. In popular literature, it often refers to one of the energy sources used at a certain time and place, in particular those that supply national electricity grids or those used as fuel in vehicles. Industrial development and population growth have led to a surge in the global demand for en...
published: 25 Jan 2017 -
Blackout: The Power Outage That Left 50 Million W/o Electricity | Retro Report | The New York Times
Retro Report: In 2003, a blackout crippled areas of the U.S. and Canada, leaving some 50 million people in the dark. Ten years later, we are still grappling with concerns over the vulnerability of the power grid. Subscribe to the Times Video newsletter for free and get a handpicked selection of the best videos from The New York Times every week: http://bit.ly/timesvideonewsletter Subscribe on YouTube: http://bit.ly/U8Ys7n Watch more videos at: http://nytimes.com/video --------------------------------------------------------------- Want more from The New York Times? Twitter: https://twitter.com/nytvideo Facebook: https://www.facebook.com/nytimes Google+: https://plus.google.com/+nytimes/ Whether it's reporting on conflicts abroad and political divisions at home, or covering t...
published: 11 Nov 2013 -
The Clinton Years, or the 1990s: Crash Course US History #45
In which John Green teaches you about the United States as it was in the 1990s. You'll remember from last week that the old-school Republican George H.W. Bush had lost the 1992 presidential election to a young upstart Democrat from Arkansas named Bill Clinton. Clinton was a bit of a dark horse candidate, having survived a sex scandal during the election, but a third-party run by Ross Perot split the vote, and Clinton was inaugurated in 1993. John will teach you about Clinton's foreign policy agenda, which included NATO action in the Balkans and the Oslo Accords between Israel and the PLO. He'll also cover some of the domestic successes and failures of the Clinton years, including the failed attempt at healthcare reform, the pretty terrible record on GLBTQ issues, Welfare reform, which got ...
published: 24 Jan 2014 -
Why Does Greece Have So Much Debt?
The majority of U.S. oil does not come from the Middle East. So, where exactly do we get it? TestTube Daily gives us a glimpse at the countries that supply America with the largest amounts of “black gold." » Subscribe to NowThis World: http://go.nowth.is/World_Subscribe Learn More: The World's Top Consumers and Producers of Oil http://www.cnn.com/2008/US/06/02/oil.map/index.html?iref=mpstoryview Americans have no idea where their oil comes from, in one chart http://www.vox.com/2014/4/21/5636522/americans-oil-imports-chart-middle-east-canada Where Does America Get Oil? You May Be Surprised http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised U.S. Energy Information and Administration: Petroleum and Other Liquids http://www.eia.gov/dnav/pet/pet_move_imp...
published: 16 May 2015 -
The Crisis Going On Right Now, That You Are Not Being Told About...
We have seen a lot of crazy things in the last few weeks… like a worldwide quarantine, a complete shutdown of the worlds economy, and the fastest stock market plunge in history. And despite how shocking those things have been, there is one part of this crisis that hasn’t really been talked about by anyone…yet would likely be the number one story in the world during any other time in history… The United States, Saudi Arabia, Russia, Iraq, Iran, China, and Canada. What do these countries have in common? Well, not much actually. Except that these countries are the worlds largest oil producers. And as you may know, Oil has historically been a hot commodity that can single handedly determine if a country or state is going to be rich or poor. Lets take norway for example. Norway has the 6 hi...
published: 23 Mar 2020 -
DOCUMENTARY: The 2014 Financial/Energy Crisis Failed to Ruin Russia. Here’s Why
Subscribe to Vesti News https://www.youtube.com/channel/UCa8MaD6gQscto_Nq1i49iew?sub_confirmation=1 Lessons of the Russian Crises. Every generation of Russians has witnessed their economic crisis. Because of that, we have acquired a tendency to listen to every warning, every speculation regarding a crisis, and even every mention of the word.
published: 03 Jan 2018 -
101 Facts About The 2000s
Massive thanks to The Great Courses Plus for sponsoring this video! Signup for your FREE trial to The Great Courses Plus here: http://ow.ly/W6nc30l6iKL The Great Courses Plus is currently available to watch through a web browser to almost anyone in the world and optimized for the US, UK, and Australian markets. The Great Courses Plus is currently working to both optimize the product globally and accept credit card payments globally. ► Subscribe to 101 Facts Here: http://bit.ly/1MtNBJD ► Follow 101 Facts on Twitter: https://twitter.com/101Facts1 ► Follow us on Instagram: https://www.instagram.com/101factsyt/?hl=en
published: 11 Aug 2018 -
Lecture 24b - The 2000s: Obama to Trump
Part 2 of the 2000s lecture focuses primarily on the Obama years and then analyzes the reasons Donald Trump loses the popular election by nearly 2 million votes, but still winds up becoming president.
published: 06 Apr 2020
3:20
What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning, definition & explanation
- Order: Reorder
- Duration: 3:20
- Uploaded Date: 25 Jan 2017
- views: 14786
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What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning - ENERGY CRISIS definition - ENERGY CRISIS explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
An energy crisis is any significant bottleneck in the supply of energy resources to an economy. In popular literature, it often refers to one of the energy sources used at a certain time and place, in particular those that supply national electricity grids or those used as fuel in vehicles.
Industrial development and population growth have led to a surge in the global demand for energy in recent years. In the 2000s, this new demand — together with Middle East tension, the falling value of the U.S. dollar, dwindling oil reserves, concerns over peak oil, and oil price speculation — triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 a barrel in 2008.
Government actions like tax hikes, nationalisation of energy companies, and regulation of the energy sector, shift supply and demand of energy away from its economic equilibrium. Market failure is possible when monopoly manipulation of markets occurs. A crisis can develop due to industrial actions like union organized strikes and government embargoes. The cause may be over-consumption, aging infrastructure, choke point disruption or bottlenecks at oil refineries and port facilities that restrict fuel supply. An emergency may emerge during very cold winters due to increased consumption of energy.
Large fluctuations and manipulations in future derivatives can have a substantial impact on price. Large investment banks control 80% of oil derivatives as of May 2012, compared to 30% only a decade ago. This increase contributed to an improvement of global energy output from 117 687 TWh in 2000 to 143 851TWh in 2008. Limitations on free trade for derivatives could reverse this trend of growth in energy production. Kuwaiti Oil Minister Hani Hussein stated that "Under the supply and demand theory, oil prices today are not justified," in an interview with Upstream.
Pipeline failures and other accidents may cause minor interruptions to energy supplies. A crisis could possibly emerge after infrastructure damage from severe weather. Attacks by terrorists or militia on important infrastructure are a possible problem for energy consumers, with a successful strike on a Middle East facility potentially causing global shortages. Political events, for example, when governments change due to regime change, monarchy collapse, military occupation, and coup may disrupt oil and gas production and create shortages. Fuel shortage can also be due to the excess and useless use of the fuels.
https://wn.com/What_Is_Energy_Crisis_What_Does_Energy_Crisis_Mean_Energy_Crisis_Meaning,_Definition_Explanation
✪✪✪✪✪ http://www.theaudiopedia.com ✪✪✪✪✪
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What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning - ENERGY CRISIS definition - ENERGY CRISIS explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
An energy crisis is any significant bottleneck in the supply of energy resources to an economy. In popular literature, it often refers to one of the energy sources used at a certain time and place, in particular those that supply national electricity grids or those used as fuel in vehicles.
Industrial development and population growth have led to a surge in the global demand for energy in recent years. In the 2000s, this new demand — together with Middle East tension, the falling value of the U.S. dollar, dwindling oil reserves, concerns over peak oil, and oil price speculation — triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 a barrel in 2008.
Government actions like tax hikes, nationalisation of energy companies, and regulation of the energy sector, shift supply and demand of energy away from its economic equilibrium. Market failure is possible when monopoly manipulation of markets occurs. A crisis can develop due to industrial actions like union organized strikes and government embargoes. The cause may be over-consumption, aging infrastructure, choke point disruption or bottlenecks at oil refineries and port facilities that restrict fuel supply. An emergency may emerge during very cold winters due to increased consumption of energy.
Large fluctuations and manipulations in future derivatives can have a substantial impact on price. Large investment banks control 80% of oil derivatives as of May 2012, compared to 30% only a decade ago. This increase contributed to an improvement of global energy output from 117 687 TWh in 2000 to 143 851TWh in 2008. Limitations on free trade for derivatives could reverse this trend of growth in energy production. Kuwaiti Oil Minister Hani Hussein stated that "Under the supply and demand theory, oil prices today are not justified," in an interview with Upstream.
Pipeline failures and other accidents may cause minor interruptions to energy supplies. A crisis could possibly emerge after infrastructure damage from severe weather. Attacks by terrorists or militia on important infrastructure are a possible problem for energy consumers, with a successful strike on a Middle East facility potentially causing global shortages. Political events, for example, when governments change due to regime change, monarchy collapse, military occupation, and coup may disrupt oil and gas production and create shortages. Fuel shortage can also be due to the excess and useless use of the fuels.
9:23
Blackout: The Power Outage That Left 50 Million W/o Electricity | Retro Report | The New York Times
- Order: Reorder
- Duration: 9:23
- Uploaded Date: 11 Nov 2013
- views: 1066191
Retro Report: In 2003, a blackout crippled areas of the U.S. and Canada, leaving some 50 million people in the dark. Ten years later, we are still grappling wit...
Retro Report: In 2003, a blackout crippled areas of the U.S. and Canada, leaving some 50 million people in the dark. Ten years later, we are still grappling with concerns over the vulnerability of the power grid.
Subscribe to the Times Video newsletter for free and get a handpicked selection of the best videos from The New York Times every week: http://bit.ly/timesvideonewsletter
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Watch more videos at: http://nytimes.com/video
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Blackout: The Power Outage That Left 50 Million W/o Electricity | Retro Report | The New York Times
http://www.youtube.com/user/TheNewYorkTimes
https://wn.com/Blackout_The_Power_Outage_That_Left_50_Million_W_O_Electricity_|_Retro_Report_|_The_New_York_Times
Retro Report: In 2003, a blackout crippled areas of the U.S. and Canada, leaving some 50 million people in the dark. Ten years later, we are still grappling with concerns over the vulnerability of the power grid.
Subscribe to the Times Video newsletter for free and get a handpicked selection of the best videos from The New York Times every week: http://bit.ly/timesvideonewsletter
Subscribe on YouTube: http://bit.ly/U8Ys7n
Watch more videos at: http://nytimes.com/video
---------------------------------------------------------------
Want more from The New York Times?
Twitter: https://twitter.com/nytvideo
Facebook: https://www.facebook.com/nytimes
Google+: https://plus.google.com/+nytimes/
Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube.
Blackout: The Power Outage That Left 50 Million W/o Electricity | Retro Report | The New York Times
http://www.youtube.com/user/TheNewYorkTimes
- published: 11 Nov 2013
- views: 1066191
15:38
The Clinton Years, or the 1990s: Crash Course US History #45
- Order: Reorder
- Duration: 15:38
- Uploaded Date: 24 Jan 2014
- views: 2653582
In which John Green teaches you about the United States as it was in the 1990s. You'll remember from last week that the old-school Republican George H.W. Bush h...
In which John Green teaches you about the United States as it was in the 1990s. You'll remember from last week that the old-school Republican George H.W. Bush had lost the 1992 presidential election to a young upstart Democrat from Arkansas named Bill Clinton. Clinton was a bit of a dark horse candidate, having survived a sex scandal during the election, but a third-party run by Ross Perot split the vote, and Clinton was inaugurated in 1993. John will teach you about Clinton's foreign policy agenda, which included NATO action in the Balkans and the Oslo Accords between Israel and the PLO. He'll also cover some of the domestic successes and failures of the Clinton years, including the failed attempt at healthcare reform, the pretty terrible record on GLBTQ issues, Welfare reform, which got mixed reviews, and the happier issues like the huge improvements in the economy. Also computers. Cheap, effective, readily available computers came along in the 1990s, and they kind of changed the world, culminating in this video, which is the end of the internet. Until next week.
Hey teachers and students - Check out CommonLit's free collection of reading passages and curriculum resources to learn more about the events of this episode. One of the largest criticisms against President Clinton's presidency was his inaction during the genocide in Rwanda which he comments on in his Remarks on the Rwandan Genocide: https://www.commonlit.org/texts/president-clinton-s-remarks-in-kigali-on-the-rwandan-genocide
First Lady Hillary Clinton had some foreign affairs success of her own when she delivered her 1995 speech to the United Nations Fourth World Conference on Women stating that women's rights are human rights: https://www.commonlit.org/texts/first-lady-hillary-clinton-s-address-to-the-united-nations-fourth-world-conference-on-women
Chapters:
Introduction: The Clinton Years 00:00
Clinton's Foreign Policy 0:40
Terrorism During the Clinton Era 1:51
Clinton's Domestic Policy 2:12
Clinton's Triangulation Strategy 3:20
Clinton's Welfare Reforms 4:42
Economics During the Clinton Era 5:14
The E-Commerce Boom 6:27
Mystery Document 6:42
Globalization of Manufacturing, Technology, and Commerce 8:06
The Crash of 2000 8:58
Increasing Wealth Inequality 9:37
The Culture Wars 10:13
An Influx of Immigration 10:22
Diverse Family Structures 11:25
The AIDS Epidemic & LGBT Rights Movement 11:50
Imprisonment & the "War on Drugs" 12:08
Multiculturalism & Political Tensions 12:34
Clinton's Infidelity & Impeachment 13:09
Clinton's Legacy 14:19
Credits 15:00
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
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CC Kids: http://www.youtube.com/crashcoursekids
https://wn.com/The_Clinton_Years,_Or_The_1990S_Crash_Course_US_History_45
In which John Green teaches you about the United States as it was in the 1990s. You'll remember from last week that the old-school Republican George H.W. Bush had lost the 1992 presidential election to a young upstart Democrat from Arkansas named Bill Clinton. Clinton was a bit of a dark horse candidate, having survived a sex scandal during the election, but a third-party run by Ross Perot split the vote, and Clinton was inaugurated in 1993. John will teach you about Clinton's foreign policy agenda, which included NATO action in the Balkans and the Oslo Accords between Israel and the PLO. He'll also cover some of the domestic successes and failures of the Clinton years, including the failed attempt at healthcare reform, the pretty terrible record on GLBTQ issues, Welfare reform, which got mixed reviews, and the happier issues like the huge improvements in the economy. Also computers. Cheap, effective, readily available computers came along in the 1990s, and they kind of changed the world, culminating in this video, which is the end of the internet. Until next week.
Hey teachers and students - Check out CommonLit's free collection of reading passages and curriculum resources to learn more about the events of this episode. One of the largest criticisms against President Clinton's presidency was his inaction during the genocide in Rwanda which he comments on in his Remarks on the Rwandan Genocide: https://www.commonlit.org/texts/president-clinton-s-remarks-in-kigali-on-the-rwandan-genocide
First Lady Hillary Clinton had some foreign affairs success of her own when she delivered her 1995 speech to the United Nations Fourth World Conference on Women stating that women's rights are human rights: https://www.commonlit.org/texts/first-lady-hillary-clinton-s-address-to-the-united-nations-fourth-world-conference-on-women
Chapters:
Introduction: The Clinton Years 00:00
Clinton's Foreign Policy 0:40
Terrorism During the Clinton Era 1:51
Clinton's Domestic Policy 2:12
Clinton's Triangulation Strategy 3:20
Clinton's Welfare Reforms 4:42
Economics During the Clinton Era 5:14
The E-Commerce Boom 6:27
Mystery Document 6:42
Globalization of Manufacturing, Technology, and Commerce 8:06
The Crash of 2000 8:58
Increasing Wealth Inequality 9:37
The Culture Wars 10:13
An Influx of Immigration 10:22
Diverse Family Structures 11:25
The AIDS Epidemic & LGBT Rights Movement 11:50
Imprisonment & the "War on Drugs" 12:08
Multiculturalism & Political Tensions 12:34
Clinton's Infidelity & Impeachment 13:09
Clinton's Legacy 14:19
Credits 15:00
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Instagram - https://www.instagram.com/thecrashcourse/
CC Kids: http://www.youtube.com/crashcoursekids
- published: 24 Jan 2014
- views: 2653582
3:27
Why Does Greece Have So Much Debt?
- Order: Reorder
- Duration: 3:27
- Uploaded Date: 16 May 2015
- views: 964991
The majority of U.S. oil does not come from the Middle East. So, where exactly do we get it? TestTube Daily gives us a glimpse at the countries that supply Amer...
The majority of U.S. oil does not come from the Middle East. So, where exactly do we get it? TestTube Daily gives us a glimpse at the countries that supply America with the largest amounts of “black gold."
» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
Learn More:
The World's Top Consumers and Producers of Oil
http://www.cnn.com/2008/US/06/02/oil.map/index.html?iref=mpstoryview
Americans have no idea where their oil comes from, in one chart
http://www.vox.com/2014/4/21/5636522/americans-oil-imports-chart-middle-east-canada
Where Does America Get Oil? You May Be Surprised
http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised
U.S. Energy Information and Administration: Petroleum and Other Liquids
http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm
U.S. Imports by country of origin
Watch More:
What Countries Have Nuclear Weapons?
https://www.youtube.com/watch?v=swUA33FGXZU&list;=UUgRvm1yLFoaQKhmaTqXk9SA
_________________________
NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
More from NowThis:
» Subscribe to NowThis News: http://go.nowth.is/News_Subscribe
» Like NowThis World on Facebook: https://go.nowth.is/World_Facebook
» Tweet @NowThisNews on Twitter: http://go.nowth.is/News_Twitter
» Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah
» Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha
http://www.youtube.com/nowthisworld
https://wn.com/Why_Does_Greece_Have_So_Much_Debt
The majority of U.S. oil does not come from the Middle East. So, where exactly do we get it? TestTube Daily gives us a glimpse at the countries that supply America with the largest amounts of “black gold."
» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
Learn More:
The World's Top Consumers and Producers of Oil
http://www.cnn.com/2008/US/06/02/oil.map/index.html?iref=mpstoryview
Americans have no idea where their oil comes from, in one chart
http://www.vox.com/2014/4/21/5636522/americans-oil-imports-chart-middle-east-canada
Where Does America Get Oil? You May Be Surprised
http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised
U.S. Energy Information and Administration: Petroleum and Other Liquids
http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm
U.S. Imports by country of origin
Watch More:
What Countries Have Nuclear Weapons?
https://www.youtube.com/watch?v=swUA33FGXZU&list;=UUgRvm1yLFoaQKhmaTqXk9SA
_________________________
NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
More from NowThis:
» Subscribe to NowThis News: http://go.nowth.is/News_Subscribe
» Like NowThis World on Facebook: https://go.nowth.is/World_Facebook
» Tweet @NowThisNews on Twitter: http://go.nowth.is/News_Twitter
» Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah
» Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha
http://www.youtube.com/nowthisworld
- published: 16 May 2015
- views: 964991
10:56
The Crisis Going On Right Now, That You Are Not Being Told About...
- Order: Reorder
- Duration: 10:56
- Uploaded Date: 23 Mar 2020
- views: 3287859
We have seen a lot of crazy things in the last few weeks… like a worldwide quarantine, a complete shutdown of the worlds economy, and the fastest stock market p...
We have seen a lot of crazy things in the last few weeks… like a worldwide quarantine, a complete shutdown of the worlds economy, and the fastest stock market plunge in history.
And despite how shocking those things have been, there is one part of this crisis that hasn’t really been talked about by anyone…yet would likely be the number one story in the world during any other time in history…
The United States, Saudi Arabia, Russia, Iraq, Iran, China, and Canada. What do these countries have in common? Well, not much actually. Except that these countries are the worlds largest oil producers.
And as you may know, Oil has historically been a hot commodity that can single handedly determine if a country or state is going to be rich or poor.
Lets take norway for example. Norway has the 6 highest GDP per capita in the world, it is the 2nd wealthiest country in terms of monetary value, it consistently ranks in the top 3 in the world in regards to standard of living, and has the second largest capital reserve in the world as well.
So it is quick easy to say that Norway is very rich. But it wasn’t always like this. In the 1950s, Norway was largely a fishing and agricultural nation, and wasn’t anywhere near as wealthy as it is today. But then in the late 1960’s Norway struck oil in the North Sea. They ended up discovering one of the largest oil reserves in the world, and soon began extracting it through a state run company called statoil. The companies purpose was to sell the oil to other countries, and then use those profits to invest back into Norway, its citizens, and a state wealth fund.
And over the course of the next several decades after the oil discovery, norway would surpass the likes Canada, Germany, and even the United States in terms of average wealth of its citizens.
And this example of how oil can rapidly increase the wealth of a country, can be applied to virtually every other country that discovers vast quantities of oil within their borders.
However, there is a difference between how countries handle their new found oil winnings. Norway is the best example of how oil can provide both short term and long term wealth for its citizens. But there are some examples of countries mismanaging their new found oil.
Lets take for example, Venezuala who has the largest proven oil reserve in the world. They were a fairly well-off developing nation in the 2000’s, but they built their economy entirely on oil, without a reserve fund or diversification plan like norway. So when the price of oil dropped by 68% over the course of 72 weeks between 2014 and 2016, that sent Venezuala’s economy into a downward spiral.
And I want you to remember those numbers I just mentioned. A 68% drop over 72 weeks.
Now lets bring that back to today.
You see, about 3 months ago, I was at the gas station and my fill up was around $80, or about $1.32/litre. But then about a week ago, I went to that very same gas station and the cost to fill up was around $48, or about $0.75/litre.
And that is when I knew that something nearly unprecedented had happened to the worlds economy.
You see, over the course of the last 12 weeks, the price of has dropped by 68%.
That is the same price drop that caused Venezuala’s economy to enter a crisis. But the only difference is that this drop took 12 weeks, meanwhile the previous drop was over 72 weeks.
This means that we are going through arguably the sharpest decline of an energy commodity in history. Yet, because of the current news cycle, its not being brought up with the frequency that it should be.
So, how did this drop happen? Well it was a two pronged attack. The first of which was the demand for oil began to dry up when the worldwide lockdowns started happening. Think about this. roughly 2 thirds of all oil that is extracted from the ground goes into transportation vehicles such as cars, boats, trucks and planes. But now, there has been over a 90 percent reduction in overall travel since the outbreak, Meaning that people aren’t filling up their cars at the gas station as much, and the same applies to boats, trucks, and planes. And as we all know from basic economics, as soon as the demand for a product drops off a cliff. Transcript too long. Ending here.
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https://wn.com/The_Crisis_Going_On_Right_Now,_That_You_Are_Not_Being_Told_About...
We have seen a lot of crazy things in the last few weeks… like a worldwide quarantine, a complete shutdown of the worlds economy, and the fastest stock market plunge in history.
And despite how shocking those things have been, there is one part of this crisis that hasn’t really been talked about by anyone…yet would likely be the number one story in the world during any other time in history…
The United States, Saudi Arabia, Russia, Iraq, Iran, China, and Canada. What do these countries have in common? Well, not much actually. Except that these countries are the worlds largest oil producers.
And as you may know, Oil has historically been a hot commodity that can single handedly determine if a country or state is going to be rich or poor.
Lets take norway for example. Norway has the 6 highest GDP per capita in the world, it is the 2nd wealthiest country in terms of monetary value, it consistently ranks in the top 3 in the world in regards to standard of living, and has the second largest capital reserve in the world as well.
So it is quick easy to say that Norway is very rich. But it wasn’t always like this. In the 1950s, Norway was largely a fishing and agricultural nation, and wasn’t anywhere near as wealthy as it is today. But then in the late 1960’s Norway struck oil in the North Sea. They ended up discovering one of the largest oil reserves in the world, and soon began extracting it through a state run company called statoil. The companies purpose was to sell the oil to other countries, and then use those profits to invest back into Norway, its citizens, and a state wealth fund.
And over the course of the next several decades after the oil discovery, norway would surpass the likes Canada, Germany, and even the United States in terms of average wealth of its citizens.
And this example of how oil can rapidly increase the wealth of a country, can be applied to virtually every other country that discovers vast quantities of oil within their borders.
However, there is a difference between how countries handle their new found oil winnings. Norway is the best example of how oil can provide both short term and long term wealth for its citizens. But there are some examples of countries mismanaging their new found oil.
Lets take for example, Venezuala who has the largest proven oil reserve in the world. They were a fairly well-off developing nation in the 2000’s, but they built their economy entirely on oil, without a reserve fund or diversification plan like norway. So when the price of oil dropped by 68% over the course of 72 weeks between 2014 and 2016, that sent Venezuala’s economy into a downward spiral.
And I want you to remember those numbers I just mentioned. A 68% drop over 72 weeks.
Now lets bring that back to today.
You see, about 3 months ago, I was at the gas station and my fill up was around $80, or about $1.32/litre. But then about a week ago, I went to that very same gas station and the cost to fill up was around $48, or about $0.75/litre.
And that is when I knew that something nearly unprecedented had happened to the worlds economy.
You see, over the course of the last 12 weeks, the price of has dropped by 68%.
That is the same price drop that caused Venezuala’s economy to enter a crisis. But the only difference is that this drop took 12 weeks, meanwhile the previous drop was over 72 weeks.
This means that we are going through arguably the sharpest decline of an energy commodity in history. Yet, because of the current news cycle, its not being brought up with the frequency that it should be.
So, how did this drop happen? Well it was a two pronged attack. The first of which was the demand for oil began to dry up when the worldwide lockdowns started happening. Think about this. roughly 2 thirds of all oil that is extracted from the ground goes into transportation vehicles such as cars, boats, trucks and planes. But now, there has been over a 90 percent reduction in overall travel since the outbreak, Meaning that people aren’t filling up their cars at the gas station as much, and the same applies to boats, trucks, and planes. And as we all know from basic economics, as soon as the demand for a product drops off a cliff. Transcript too long. Ending here.
Discord:
https://discord.gg/qJEFsG
My Gaming Channel: https://www.youtube.com/channel/UCzuUsoqUOXul8aRcl2ZwyNA
Want some Advice? Ask Me on Reddit!
https://www.reddit.com/JackChapple/
My Personal Youtube Launcher Course
https://jackchapple.mykajabi.com/YTL
My Personal Investing Course:
https://jackchapple.mykajabi.com/SMM
Personal:
On Tik Tok: @jackchapple
On Reddit: https://www.reddit.com/JackChapple/
On Instagram! https://instagram.com/jack_chapple_real/
On Twitter! https://twitter.com/JackChappleSci
On Facebook! https://www.facebook.com/ChappleREI/
CONTACT:
For Collaboration Inquiries ONLY: jackchapplevideo@gmail.com
Podcast:
- published: 23 Mar 2020
- views: 3287859
37:20
DOCUMENTARY: The 2014 Financial/Energy Crisis Failed to Ruin Russia. Here’s Why
- Order: Reorder
- Duration: 37:20
- Uploaded Date: 03 Jan 2018
- views: 14298
Subscribe to Vesti News https://www.youtube.com/channel/UCa8MaD6gQscto_Nq1i49iew?sub_confirmation=1
Lessons of the Russian Crises. Every generation of Russians ...
Subscribe to Vesti News https://www.youtube.com/channel/UCa8MaD6gQscto_Nq1i49iew?sub_confirmation=1
Lessons of the Russian Crises. Every generation of Russians has witnessed their economic crisis. Because of that, we have acquired a tendency to listen to every warning, every speculation regarding a crisis, and even every mention of the word.
https://wn.com/Documentary_The_2014_Financial_Energy_Crisis_Failed_To_Ruin_Russia._Here’S_Why
Subscribe to Vesti News https://www.youtube.com/channel/UCa8MaD6gQscto_Nq1i49iew?sub_confirmation=1
Lessons of the Russian Crises. Every generation of Russians has witnessed their economic crisis. Because of that, we have acquired a tendency to listen to every warning, every speculation regarding a crisis, and even every mention of the word.
- published: 03 Jan 2018
- views: 14298
36:19
101 Facts About The 2000s
- Order: Reorder
- Duration: 36:19
- Uploaded Date: 11 Aug 2018
- views: 648664
Massive thanks to The Great Courses Plus for sponsoring this video! Signup for your FREE trial to The Great Courses Plus here: http://ow.ly/W6nc30l6iKL
The Gr...
Massive thanks to The Great Courses Plus for sponsoring this video! Signup for your FREE trial to The Great Courses Plus here: http://ow.ly/W6nc30l6iKL
The Great Courses Plus is currently available to watch through a web browser to almost anyone in the world and optimized for the US, UK, and Australian markets. The Great Courses Plus is currently working to both optimize the product globally and accept credit card payments globally.
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https://wn.com/101_Facts_About_The_2000S
Massive thanks to The Great Courses Plus for sponsoring this video! Signup for your FREE trial to The Great Courses Plus here: http://ow.ly/W6nc30l6iKL
The Great Courses Plus is currently available to watch through a web browser to almost anyone in the world and optimized for the US, UK, and Australian markets. The Great Courses Plus is currently working to both optimize the product globally and accept credit card payments globally.
► Subscribe to 101 Facts Here: http://bit.ly/1MtNBJD
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- published: 11 Aug 2018
- views: 648664
41:38
Lecture 24b - The 2000s: Obama to Trump
- Order: Reorder
- Duration: 41:38
- Uploaded Date: 06 Apr 2020
- views: 121
Part 2 of the 2000s lecture focuses primarily on the Obama years and then analyzes the reasons Donald Trump loses the popular election by nearly 2 million votes...
Part 2 of the 2000s lecture focuses primarily on the Obama years and then analyzes the reasons Donald Trump loses the popular election by nearly 2 million votes, but still winds up becoming president.
https://wn.com/Lecture_24B_The_2000S_Obama_To_Trump
Part 2 of the 2000s lecture focuses primarily on the Obama years and then analyzes the reasons Donald Trump loses the popular election by nearly 2 million votes, but still winds up becoming president.
- published: 06 Apr 2020
- views: 121
-
Is the energy crisis driving Europe's steel industry to the Americas? | Transforming Business
Steel is a $1 trillion market and demand is rising. But production consumes a lot of energy - and is expensive. Are companies moving out of Europe to invest in South and North America because electricity is much cheaper there? And what about hydrogen powered 'green steel'? Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews ►Instagram: https://www.instagram.com/dwnews ►Twitch: https://www.twitch.tv/dwnews_hangout Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch #Transformingbusiness #steel
published: 14 Jul 2023 -
Energy crisis: what can 1973 teach us?
Alongside his invasion of Ukraine, Vladimir Putin has throttled gas supplies to Europe—but the world has seen energy used as a weapon before. What can the energy shock of 1973 tell us about today’s crisis? 00:00 - Energy wars 02:12 - Oil sanctions don’t work 06:59 - Energy security 11:05 - Alternatives to oil Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI To read more on the war in Ukraine: https://econ.st/3k6ILzE How the West’s price cap on Russian oil could roil energy markets: https://econ.st/3GUQpGD The costs and consequences of Europe’s energy crisis are growing: https://econ.st/3Izg6O4 Europe faces an enduring crisis of energy and geopolitics: https://econ.st/3vPSn4L Europe is growing complacent about its energy crisis: https://econ.st/3GT4YKw Euro...
published: 12 Jan 2023 -
Preparing for the energy crisis in Germany
published: 14 Sep 2022 -
Europe’s Energy Crisis Nowhere Near Over
In our latest podcast, Aaron and Alex delve deep into the pressing issue of Europe's energy crisis, specifically concerning natural gas and why the E.U. might be in for a harsh winter. As Europe grapples with the many challenges of Russia’s invasion of Ukraine, and transitioning to cleaner, more sustainable energy sources, we explore the intricate web of factors that make the European Union vulnerable. If you really, really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Economics, geopolitics, and commodities are topics we routinely cover: https://lp.constantcontactpages.com/su/CR0IJvv/pinnacledigestyoutube Timestamps 00:00 - Intro 00:00:31 - Europe's Relationship with Natural Gas and Trading Partners 00:01:32 - Europe Needs Secure Sources of Natural Gas and...
published: 14 Oct 2023 -
Why is there an energy crisis?
As supplies of natural gas, coal and other energy sources are failing to meet current demand, we see higher prices and energy shortages across Europe and Asia. #energycrisis #energyshortage #naturalgasprice Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world
published: 12 Oct 2021 -
Gravitas: The global energy crisis explained
British soldiers are doubling up as tanker drivers. The Eurozone is reporting its highest inflation in 13 years. South America is on the brink of blackouts. Why is the world facing an energy crisis? Is it insatiable demand or a failed green transition? Palki Sharma tells you. #Gravitas #GlobalEnergyCrisis #Energy About Channel: WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a...
published: 07 Oct 2021 -
Is Germany's nuclear exit a mistake?
The 15th of April 2023 marks the end of Germany's 60-year-old nuclear history – right in the middle of a global energy crisis. The country had to fire up old coal plants to secure energy supply in the past year, while other countries continued to build more nuclear power plants. Was pulling out of nuclear energy a huge mistake? Credits: Reporter: Kiyo Dörrer Video editor: Frederik Willmann Supervising Editors: Malte Rohwer-Kahlmann, Michael Trobridge Special thanks to: Nicolas Wendler, Hans Smital, Christian von Hirschhausen, Rainer Klute and Simon Müller for interviews that could not make it into the video. #PlanetA #Nuclear #Germany Read more: Do we need nuclear power to stop climate Change? Planet A video: https://www.youtube.com/watch?v=9X00al1FsjM Flexibility of nuclear power...
published: 14 Apr 2023 -
What caused South Africa's energy crisis? | Inside Story
South Africa has been experiencing one of the worst energy crisis in the region, in years. It's affecting millions of people across the country. The nation's ageing coal-powered electrical stations are not coping with demand. And it's leading to daily blackouts that can sometimes last for hours. Opposition politicians and demonstrators have blamed the governing ANC party. President Cyril Ramaphosa declared a state of disaster on Friday But is this move enough? Presenter: Mohammed Jajmjoom Guests: Kenneth Creamer, economic advisor to the ANC Economic Transformation Committee, Ongama Mtimka, Lecturer at the Nelson Mandela University. Chris Yelland, Energy Analyst. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find...
published: 11 Feb 2023 -
Is the energy crisis behind us?
As the war in Ukraine continues, Europeans are already looking ahead to the coming winter, keeping a close eye on their gas reserves. READ MORE : https://www.euronews.com/2023/06/04/is-the-energy-crisis-behind-us Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1 Watch our LIVE here: https://www.youtube.com/c/euronews/live Subscribe to our thematic channels: NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1 Euronews Green: http://bit.ly/2sMsaDB Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1 Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1 Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels #World
published: 04 Jun 2023 -
UK energy crisis: Plan for three-hour power blackouts unveiled
National Grid's Electricity System Operator (ESO) has warned that planned three-hour power blackouts could be imposed in some areas, in the "unlikely" event supplies of gas fall short of demand. #skynews #costoflivingcrisis #energycrisis SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl;=en_GB Sky News videos are now available...
published: 06 Oct 2022
10:59
Is the energy crisis driving Europe's steel industry to the Americas? | Transforming Business
- Order: Reorder
- Duration: 10:59
- Uploaded Date: 14 Jul 2023
- views: 153733
Steel is a $1 trillion market and demand is rising. But production consumes a lot of energy - and is expensive. Are companies moving out of Europe to invest in ...
Steel is a $1 trillion market and demand is rising. But production consumes a lot of energy - and is expensive. Are companies moving out of Europe to invest in South and North America because electricity is much cheaper there? And what about hydrogen powered 'green steel'?
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
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Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#Transformingbusiness #steel
https://wn.com/Is_The_Energy_Crisis_Driving_Europe's_Steel_Industry_To_The_Americas_|_Transforming_Business
Steel is a $1 trillion market and demand is rising. But production consumes a lot of energy - and is expensive. Are companies moving out of Europe to invest in South and North America because electricity is much cheaper there? And what about hydrogen powered 'green steel'?
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
►Twitch: https://www.twitch.tv/dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#Transformingbusiness #steel
- published: 14 Jul 2023
- views: 153733
15:01
Energy crisis: what can 1973 teach us?
- Order: Reorder
- Duration: 15:01
- Uploaded Date: 12 Jan 2023
- views: 358037
Alongside his invasion of Ukraine, Vladimir Putin has throttled gas supplies to Europe—but the world has seen energy used as a weapon before. What can the energ...
Alongside his invasion of Ukraine, Vladimir Putin has throttled gas supplies to Europe—but the world has seen energy used as a weapon before. What can the energy shock of 1973 tell us about today’s crisis?
00:00 - Energy wars
02:12 - Oil sanctions don’t work
06:59 - Energy security
11:05 - Alternatives to oil
Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI
To read more on the war in Ukraine: https://econ.st/3k6ILzE
How the West’s price cap on Russian oil could roil energy markets: https://econ.st/3GUQpGD
The costs and consequences of Europe’s energy crisis are growing: https://econ.st/3Izg6O4
Europe faces an enduring crisis of energy and geopolitics: https://econ.st/3vPSn4L
Europe is growing complacent about its energy crisis: https://econ.st/3GT4YKw
Europe’s next energy crunch: https://econ.st/3jVpDEK
How to deal with Europe’s energy crisis: https://econ.st/3XmdkQg
Europe’s energy market was not built for this crisis: https://econ.st/3Qxvn3N
Europe scrambles to protect citizens from sky-high energy prices: https://econ.st/3k76boR
Europe’s winter of discontent: https://econ.st/3CA9laM
https://wn.com/Energy_Crisis_What_Can_1973_Teach_US
Alongside his invasion of Ukraine, Vladimir Putin has throttled gas supplies to Europe—but the world has seen energy used as a weapon before. What can the energy shock of 1973 tell us about today’s crisis?
00:00 - Energy wars
02:12 - Oil sanctions don’t work
06:59 - Energy security
11:05 - Alternatives to oil
Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI
To read more on the war in Ukraine: https://econ.st/3k6ILzE
How the West’s price cap on Russian oil could roil energy markets: https://econ.st/3GUQpGD
The costs and consequences of Europe’s energy crisis are growing: https://econ.st/3Izg6O4
Europe faces an enduring crisis of energy and geopolitics: https://econ.st/3vPSn4L
Europe is growing complacent about its energy crisis: https://econ.st/3GT4YKw
Europe’s next energy crunch: https://econ.st/3jVpDEK
How to deal with Europe’s energy crisis: https://econ.st/3XmdkQg
Europe’s energy market was not built for this crisis: https://econ.st/3Qxvn3N
Europe scrambles to protect citizens from sky-high energy prices: https://econ.st/3k76boR
Europe’s winter of discontent: https://econ.st/3CA9laM
- published: 12 Jan 2023
- views: 358037
0:31
Preparing for the energy crisis in Germany
- Order: Reorder
- Duration: 0:31
- Uploaded Date: 14 Sep 2022
- views: 9084033
- published: 14 Sep 2022
- views: 9084033
9:38
Europe’s Energy Crisis Nowhere Near Over
- Order: Reorder
- Duration: 9:38
- Uploaded Date: 14 Oct 2023
- views: 637
In our latest podcast, Aaron and Alex delve deep into the pressing issue of Europe's energy crisis, specifically concerning natural gas and why the E.U. might b...
In our latest podcast, Aaron and Alex delve deep into the pressing issue of Europe's energy crisis, specifically concerning natural gas and why the E.U. might be in for a harsh winter.
As Europe grapples with the many challenges of Russia’s invasion of Ukraine, and transitioning to cleaner, more sustainable energy sources, we explore the intricate web of factors that make the European Union vulnerable.
If you really, really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Economics, geopolitics, and commodities are topics we routinely cover: https://lp.constantcontactpages.com/su/CR0IJvv/pinnacledigestyoutube
Timestamps
00:00 - Intro
00:00:31 - Europe's Relationship with Natural Gas and Trading Partners
00:01:32 - Europe Needs Secure Sources of Natural Gas and More Energy
00:02:27 - Natural Gas and Fertilizers
00:02:59 - U.S. Wins Natural Gas Race Against Canada, Russia and Australia
00:03:44 - Canada Left Billions on the Table
00:04:06 - Aaron Explains Why America is the Energy Superpower of the World
00:05:16 - E.U. Must Increase Storage Facilities or Pay Up
00:06:18 - Europe's Waning Control and Influence in Africa
00:07:57 - Reasons Europe Must Tighten Relations with America
00:08:48 - Europe Must Increase Storage Capacity and Export Agreements with America
00:09:00 - Bullish on American LNG Exports
00:09:10 - Conclusion
𝙁𝙊𝙇𝙇𝙊𝙒 𝙋𝙄𝙉𝙉𝘼𝘾𝙇𝙀 𝘿𝙄𝙂𝙀𝙎𝙏 𝙃𝙀𝙍𝙀
▷ Official Site: https://www.pinnacledigest.com/
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► YouTube:
https://www.youtube.com/@PinnacleDigest
#EnergyCrisis
#EuropeanUnion
#NaturalGas
#OilandGas
#AmericanEnergy
Screenshots of articles from the pod:
CNN — Price of war: UK and EU throw $500 billion at energy subsidies: https://www.cnn.com/2022/09/08/business/liz-truss-energy-price-cap-europe/index.html
Pinnacle Digest —The Four Nat Gas Horsemen: https://www.pinnacledigest.com/energy-stocks/race-to-export-clean-burning-energy/
CNBC — European gas prices jump 10% as strikes get underway at major LNG facilities in Australia: https://www.cnbc.com/2023/09/08/gas-european-prices-jump-as-strikes-start-at-australia-lng-facilities.html
S&P; Global Commodity Insights — Niger coup, financing woes rock Nigeria's plan to supply gas to Europe: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/090823-niger-coup-financing-woes-rock-nigerias-plan-to-supply-gas-to-europe
CEPA — New Attack on Europe’s Energy Pipelines, Finland Says: https://cepa.org/article/new-attack-on-europes-energy-pipelines-finland-says/
Sources and supplementary information:
Bloomberg — Europe Gas Storage Is 90% Full. It Still May Not Be Enough: https://www.bloomberg.com/news/articles/2023-08-17/europe-gas-inventories-are-90-full-it-still-may-not-be-enough
IMF — Beating The European Energy Crisis: https://www.imf.org/en/Publications/fandd/issues/2022/12/beating-the-european-energy-crisis-Zettelmeyer
Bay Street — EU’s Full Gas Storage Doesn’t Eliminate Supply Risks: https://www.baystreet.ca/commodities/6714/EUs-Full-Gas-Storage-Doesnt-Eliminate-Supply-Risks
Reuters — US LNG project approvals on track for record new volumes: https://www.reuters.com/business/energy/us-lng-project-approvals-track-record-new-volumes-2023-06-23/
S&P; Global Commodity Insights — High natural gas prices could lead to spike in food costs through fertilizer link: https://www.spglobal.com/commodityinsights/en/market-insights/blogs/agriculture/011922-fertilizer-costs-natural-gas-prices
American Gas Association — Natural Gas Critical to Agriculture Sector: https://www.aga.org/news/news-releases/new-report-natural-gas-critical-to-agriculture-sector
Al Jazeera — Dozens of ships carrying LNG linger around Europe’s coast: https://www.aljazeera.com/news/2022/11/6/dozens-of-ships-carrying-lng-lingering-around-europes-coast
The Guardian — How will Europe weather a second winter without gas from Russia?: https://www.theguardian.com/business/2023/sep/30/how-will-europe-weather-a-second-winter-without-gas-from-russia
Disclaimer and Forward-Looking Statements:
THIS VIDEO IS NOT INVESTMENT ADVICE. It is intended for informational and entertainment purposes only. All statements in this video are to be checked and verified by the viewer. This video may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, assumes no responsibility.
Neither Aaron Hoddinott nor Alexander Smith are financial advisors. Before investing in any securities or commodities, consult with your financial advisor and a registered broker-dealer.
Never make an investment based solely on what you hear or see in this video.
Maximus and the Contributors disclaim all liability for any loss that may arise (whether direct, indirect, consequential, incidental, punitive or otherwise) from any use of the information in this video.
https://wn.com/Europe’S_Energy_Crisis_Nowhere_Near_Over
In our latest podcast, Aaron and Alex delve deep into the pressing issue of Europe's energy crisis, specifically concerning natural gas and why the E.U. might be in for a harsh winter.
As Europe grapples with the many challenges of Russia’s invasion of Ukraine, and transitioning to cleaner, more sustainable energy sources, we explore the intricate web of factors that make the European Union vulnerable.
If you really, really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Economics, geopolitics, and commodities are topics we routinely cover: https://lp.constantcontactpages.com/su/CR0IJvv/pinnacledigestyoutube
Timestamps
00:00 - Intro
00:00:31 - Europe's Relationship with Natural Gas and Trading Partners
00:01:32 - Europe Needs Secure Sources of Natural Gas and More Energy
00:02:27 - Natural Gas and Fertilizers
00:02:59 - U.S. Wins Natural Gas Race Against Canada, Russia and Australia
00:03:44 - Canada Left Billions on the Table
00:04:06 - Aaron Explains Why America is the Energy Superpower of the World
00:05:16 - E.U. Must Increase Storage Facilities or Pay Up
00:06:18 - Europe's Waning Control and Influence in Africa
00:07:57 - Reasons Europe Must Tighten Relations with America
00:08:48 - Europe Must Increase Storage Capacity and Export Agreements with America
00:09:00 - Bullish on American LNG Exports
00:09:10 - Conclusion
𝙁𝙊𝙇𝙇𝙊𝙒 𝙋𝙄𝙉𝙉𝘼𝘾𝙇𝙀 𝘿𝙄𝙂𝙀𝙎𝙏 𝙃𝙀𝙍𝙀
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#EnergyCrisis
#EuropeanUnion
#NaturalGas
#OilandGas
#AmericanEnergy
Screenshots of articles from the pod:
CNN — Price of war: UK and EU throw $500 billion at energy subsidies: https://www.cnn.com/2022/09/08/business/liz-truss-energy-price-cap-europe/index.html
Pinnacle Digest —The Four Nat Gas Horsemen: https://www.pinnacledigest.com/energy-stocks/race-to-export-clean-burning-energy/
CNBC — European gas prices jump 10% as strikes get underway at major LNG facilities in Australia: https://www.cnbc.com/2023/09/08/gas-european-prices-jump-as-strikes-start-at-australia-lng-facilities.html
S&P; Global Commodity Insights — Niger coup, financing woes rock Nigeria's plan to supply gas to Europe: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/090823-niger-coup-financing-woes-rock-nigerias-plan-to-supply-gas-to-europe
CEPA — New Attack on Europe’s Energy Pipelines, Finland Says: https://cepa.org/article/new-attack-on-europes-energy-pipelines-finland-says/
Sources and supplementary information:
Bloomberg — Europe Gas Storage Is 90% Full. It Still May Not Be Enough: https://www.bloomberg.com/news/articles/2023-08-17/europe-gas-inventories-are-90-full-it-still-may-not-be-enough
IMF — Beating The European Energy Crisis: https://www.imf.org/en/Publications/fandd/issues/2022/12/beating-the-european-energy-crisis-Zettelmeyer
Bay Street — EU’s Full Gas Storage Doesn’t Eliminate Supply Risks: https://www.baystreet.ca/commodities/6714/EUs-Full-Gas-Storage-Doesnt-Eliminate-Supply-Risks
Reuters — US LNG project approvals on track for record new volumes: https://www.reuters.com/business/energy/us-lng-project-approvals-track-record-new-volumes-2023-06-23/
S&P; Global Commodity Insights — High natural gas prices could lead to spike in food costs through fertilizer link: https://www.spglobal.com/commodityinsights/en/market-insights/blogs/agriculture/011922-fertilizer-costs-natural-gas-prices
American Gas Association — Natural Gas Critical to Agriculture Sector: https://www.aga.org/news/news-releases/new-report-natural-gas-critical-to-agriculture-sector
Al Jazeera — Dozens of ships carrying LNG linger around Europe’s coast: https://www.aljazeera.com/news/2022/11/6/dozens-of-ships-carrying-lng-lingering-around-europes-coast
The Guardian — How will Europe weather a second winter without gas from Russia?: https://www.theguardian.com/business/2023/sep/30/how-will-europe-weather-a-second-winter-without-gas-from-russia
Disclaimer and Forward-Looking Statements:
THIS VIDEO IS NOT INVESTMENT ADVICE. It is intended for informational and entertainment purposes only. All statements in this video are to be checked and verified by the viewer. This video may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, assumes no responsibility.
Neither Aaron Hoddinott nor Alexander Smith are financial advisors. Before investing in any securities or commodities, consult with your financial advisor and a registered broker-dealer.
Never make an investment based solely on what you hear or see in this video.
Maximus and the Contributors disclaim all liability for any loss that may arise (whether direct, indirect, consequential, incidental, punitive or otherwise) from any use of the information in this video.
- published: 14 Oct 2023
- views: 637
5:33
Why is there an energy crisis?
- Order: Reorder
- Duration: 5:33
- Uploaded Date: 12 Oct 2021
- views: 25997
As supplies of natural gas, coal and other energy sources are failing to meet current demand, we see higher prices and energy shortages across Europe and Asia.
...
As supplies of natural gas, coal and other energy sources are failing to meet current demand, we see higher prices and energy shortages across Europe and Asia.
#energycrisis #energyshortage #naturalgasprice
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https://wn.com/Why_Is_There_An_Energy_Crisis
As supplies of natural gas, coal and other energy sources are failing to meet current demand, we see higher prices and energy shortages across Europe and Asia.
#energycrisis #energyshortage #naturalgasprice
Subscribe: http://trt.world/subscribe
Livestream: http://trt.world/ytlive
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Visit our website: http://trt.world
- published: 12 Oct 2021
- views: 25997
5:18
Gravitas: The global energy crisis explained
- Order: Reorder
- Duration: 5:18
- Uploaded Date: 07 Oct 2021
- views: 169915
British soldiers are doubling up as tanker drivers. The Eurozone is reporting its highest inflation in 13 years. South America is on the brink of blackouts. Why...
British soldiers are doubling up as tanker drivers. The Eurozone is reporting its highest inflation in 13 years. South America is on the brink of blackouts. Why is the world facing an energy crisis? Is it insatiable demand or a failed green transition? Palki Sharma tells you.
#Gravitas #GlobalEnergyCrisis #Energy
About Channel:
WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
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https://wn.com/Gravitas_The_Global_Energy_Crisis_Explained
British soldiers are doubling up as tanker drivers. The Eurozone is reporting its highest inflation in 13 years. South America is on the brink of blackouts. Why is the world facing an energy crisis? Is it insatiable demand or a failed green transition? Palki Sharma tells you.
#Gravitas #GlobalEnergyCrisis #Energy
About Channel:
WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
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Follow us on Google News for latest updates
Zee News:- https://bit.ly/2Ac5G60
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- published: 07 Oct 2021
- views: 169915
13:04
Is Germany's nuclear exit a mistake?
- Order: Reorder
- Duration: 13:04
- Uploaded Date: 14 Apr 2023
- views: 433199
The 15th of April 2023 marks the end of Germany's 60-year-old nuclear history – right in the middle of a global energy crisis. The country had to fire up old co...
The 15th of April 2023 marks the end of Germany's 60-year-old nuclear history – right in the middle of a global energy crisis. The country had to fire up old coal plants to secure energy supply in the past year, while other countries continued to build more nuclear power plants. Was pulling out of nuclear energy a huge mistake?
Credits:
Reporter: Kiyo Dörrer
Video editor: Frederik Willmann
Supervising Editors: Malte Rohwer-Kahlmann, Michael Trobridge
Special thanks to: Nicolas Wendler, Hans Smital, Christian von Hirschhausen, Rainer Klute and Simon Müller for interviews that could not make it into the video.
#PlanetA #Nuclear #Germany
Read more:
Do we need nuclear power to stop climate Change?
Planet A video: https://www.youtube.com/watch?v=9X00al1FsjM
Flexibility of nuclear power polants, World Nuclear Performance Report 2020:
https://www.world-nuclear.org/getmedia/3418bf4a-5891-4ba1-b6c2-d83d8907264d/performance-report-2020-v1.pdf.aspx
International Energy Agency report on nuclear power:
https://www.iea.org/reports/nuclear-electricity
IPCC pathways including nuclear power: https://www.ipcc.ch/site/assets/uploads/sites/2/2019/02/SR15_Chapter2_Low_Res.pdf
Chapters:
00:00 Intro
01:01 History
02:15 The debate restarts
04:38 The case for nuclear
08:45 Cost and safety
11:45 Conclusion
https://wn.com/Is_Germany's_Nuclear_Exit_A_Mistake
The 15th of April 2023 marks the end of Germany's 60-year-old nuclear history – right in the middle of a global energy crisis. The country had to fire up old coal plants to secure energy supply in the past year, while other countries continued to build more nuclear power plants. Was pulling out of nuclear energy a huge mistake?
Credits:
Reporter: Kiyo Dörrer
Video editor: Frederik Willmann
Supervising Editors: Malte Rohwer-Kahlmann, Michael Trobridge
Special thanks to: Nicolas Wendler, Hans Smital, Christian von Hirschhausen, Rainer Klute and Simon Müller for interviews that could not make it into the video.
#PlanetA #Nuclear #Germany
Read more:
Do we need nuclear power to stop climate Change?
Planet A video: https://www.youtube.com/watch?v=9X00al1FsjM
Flexibility of nuclear power polants, World Nuclear Performance Report 2020:
https://www.world-nuclear.org/getmedia/3418bf4a-5891-4ba1-b6c2-d83d8907264d/performance-report-2020-v1.pdf.aspx
International Energy Agency report on nuclear power:
https://www.iea.org/reports/nuclear-electricity
IPCC pathways including nuclear power: https://www.ipcc.ch/site/assets/uploads/sites/2/2019/02/SR15_Chapter2_Low_Res.pdf
Chapters:
00:00 Intro
01:01 History
02:15 The debate restarts
04:38 The case for nuclear
08:45 Cost and safety
11:45 Conclusion
- published: 14 Apr 2023
- views: 433199
27:51
What caused South Africa's energy crisis? | Inside Story
- Order: Reorder
- Duration: 27:51
- Uploaded Date: 11 Feb 2023
- views: 107099
South Africa has been experiencing one of the worst energy crisis in the region, in years.
It's affecting millions of people across the country.
The nation's ...
South Africa has been experiencing one of the worst energy crisis in the region, in years.
It's affecting millions of people across the country.
The nation's ageing coal-powered electrical stations are not coping with demand.
And it's leading to daily blackouts that can sometimes last for hours.
Opposition politicians and demonstrators have blamed the governing ANC party.
President Cyril Ramaphosa declared a state of disaster on Friday
But is this move enough?
Presenter: Mohammed Jajmjoom
Guests:
Kenneth Creamer, economic advisor to the ANC Economic Transformation Committee,
Ongama Mtimka, Lecturer at the Nelson Mandela University.
Chris Yelland, Energy Analyst.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
@AljazeeraEnglish
#Aljazeeraenglish
#News #SouthAfrica #Power #Energy #EnergyCrisis #Blackouts #PowerCuts #SouthAfricaProtests #Johannesburg
https://wn.com/What_Caused_South_Africa's_Energy_Crisis_|_Inside_Story
South Africa has been experiencing one of the worst energy crisis in the region, in years.
It's affecting millions of people across the country.
The nation's ageing coal-powered electrical stations are not coping with demand.
And it's leading to daily blackouts that can sometimes last for hours.
Opposition politicians and demonstrators have blamed the governing ANC party.
President Cyril Ramaphosa declared a state of disaster on Friday
But is this move enough?
Presenter: Mohammed Jajmjoom
Guests:
Kenneth Creamer, economic advisor to the ANC Economic Transformation Committee,
Ongama Mtimka, Lecturer at the Nelson Mandela University.
Chris Yelland, Energy Analyst.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
@AljazeeraEnglish
#Aljazeeraenglish
#News #SouthAfrica #Power #Energy #EnergyCrisis #Blackouts #PowerCuts #SouthAfricaProtests #Johannesburg
- published: 11 Feb 2023
- views: 107099
2:17
Is the energy crisis behind us?
- Order: Reorder
- Duration: 2:17
- Uploaded Date: 04 Jun 2023
- views: 2867
As the war in Ukraine continues, Europeans are already looking ahead to the coming winter, keeping a close eye on their gas reserves.
READ MORE : https://www.e...
As the war in Ukraine continues, Europeans are already looking ahead to the coming winter, keeping a close eye on their gas reserves.
READ MORE : https://www.euronews.com/2023/06/04/is-the-energy-crisis-behind-us
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#World
https://wn.com/Is_The_Energy_Crisis_Behind_US
As the war in Ukraine continues, Europeans are already looking ahead to the coming winter, keeping a close eye on their gas reserves.
READ MORE : https://www.euronews.com/2023/06/04/is-the-energy-crisis-behind-us
Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
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#World
- published: 04 Jun 2023
- views: 2867
3:09
UK energy crisis: Plan for three-hour power blackouts unveiled
- Order: Reorder
- Duration: 3:09
- Uploaded Date: 06 Oct 2022
- views: 96828
National Grid's Electricity System Operator (ESO) has warned that planned three-hour power blackouts could be imposed in some areas, in the "unlikely" event sup...
National Grid's Electricity System Operator (ESO) has warned that planned three-hour power blackouts could be imposed in some areas, in the "unlikely" event supplies of gas fall short of demand.
#skynews #costoflivingcrisis #energycrisis
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Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
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https://wn.com/UK_Energy_Crisis_Plan_For_Three_Hour_Power_Blackouts_Unveiled
National Grid's Electricity System Operator (ESO) has warned that planned three-hour power blackouts could be imposed in some areas, in the "unlikely" event supplies of gas fall short of demand.
#skynews #costoflivingcrisis #energycrisis
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
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Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
- published: 06 Oct 2022
- views: 96828
PLAYLIST TIME:
PLAYLIST TIME:
3:20
What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning, definition & explanation
✪✪✪✪✪ http://www.theaudiopedia.com ✪✪✪✪✪
✪✪✪✪✪ The Audiopedia Android application, INSTA...
published: 25 Jan 2017
What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning, definition & explanation
What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning, definition & explanation
- Report rights infringement
- published: 25 Jan 2017
- views: 14786
✪✪✪✪✪ http://www.theaudiopedia.com ✪✪✪✪✪
✪✪✪✪✪ The Audiopedia Android application, INSTALL NOW - https://play.google.com/store/apps/details?id=com.wTheAudiopedia_8069473 ✪✪✪✪✪
What is ENERGY CRISIS? What does ENERGY CRISIS mean? ENERGY CRISIS meaning - ENERGY CRISIS definition - ENERGY CRISIS explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
An energy crisis is any significant bottleneck in the supply of energy resources to an economy. In popular literature, it often refers to one of the energy sources used at a certain time and place, in particular those that supply national electricity grids or those used as fuel in vehicles.
Industrial development and population growth have led to a surge in the global demand for energy in recent years. In the 2000s, this new demand — together with Middle East tension, the falling value of the U.S. dollar, dwindling oil reserves, concerns over peak oil, and oil price speculation — triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 a barrel in 2008.
Government actions like tax hikes, nationalisation of energy companies, and regulation of the energy sector, shift supply and demand of energy away from its economic equilibrium. Market failure is possible when monopoly manipulation of markets occurs. A crisis can develop due to industrial actions like union organized strikes and government embargoes. The cause may be over-consumption, aging infrastructure, choke point disruption or bottlenecks at oil refineries and port facilities that restrict fuel supply. An emergency may emerge during very cold winters due to increased consumption of energy.
Large fluctuations and manipulations in future derivatives can have a substantial impact on price. Large investment banks control 80% of oil derivatives as of May 2012, compared to 30% only a decade ago. This increase contributed to an improvement of global energy output from 117 687 TWh in 2000 to 143 851TWh in 2008. Limitations on free trade for derivatives could reverse this trend of growth in energy production. Kuwaiti Oil Minister Hani Hussein stated that "Under the supply and demand theory, oil prices today are not justified," in an interview with Upstream.
Pipeline failures and other accidents may cause minor interruptions to energy supplies. A crisis could possibly emerge after infrastructure damage from severe weather. Attacks by terrorists or militia on important infrastructure are a possible problem for energy consumers, with a successful strike on a Middle East facility potentially causing global shortages. Political events, for example, when governments change due to regime change, monarchy collapse, military occupation, and coup may disrupt oil and gas production and create shortages. Fuel shortage can also be due to the excess and useless use of the fuels.
9:23
Blackout: The Power Outage That Left 50 Million W/o Electricity | Retro Report | The New York Times
Retro Report: In 2003, a blackout crippled areas of the U.S. and Canada, leaving some 50 m...
published: 11 Nov 2013
Blackout: The Power Outage That Left 50 Million W/o Electricity | Retro Report | The New York Times
Blackout: The Power Outage That Left 50 Million W/o Electricity | Retro Report | The New York Times
- Report rights infringement
- published: 11 Nov 2013
- views: 1066191
Retro Report: In 2003, a blackout crippled areas of the U.S. and Canada, leaving some 50 million people in the dark. Ten years later, we are still grappling with concerns over the vulnerability of the power grid.
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Blackout: The Power Outage That Left 50 Million W/o Electricity | Retro Report | The New York Times
http://www.youtube.com/user/TheNewYorkTimes
15:38
The Clinton Years, or the 1990s: Crash Course US History #45
In which John Green teaches you about the United States as it was in the 1990s. You'll rem...
published: 24 Jan 2014
The Clinton Years, or the 1990s: Crash Course US History #45
The Clinton Years, or the 1990s: Crash Course US History #45
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- published: 24 Jan 2014
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In which John Green teaches you about the United States as it was in the 1990s. You'll remember from last week that the old-school Republican George H.W. Bush had lost the 1992 presidential election to a young upstart Democrat from Arkansas named Bill Clinton. Clinton was a bit of a dark horse candidate, having survived a sex scandal during the election, but a third-party run by Ross Perot split the vote, and Clinton was inaugurated in 1993. John will teach you about Clinton's foreign policy agenda, which included NATO action in the Balkans and the Oslo Accords between Israel and the PLO. He'll also cover some of the domestic successes and failures of the Clinton years, including the failed attempt at healthcare reform, the pretty terrible record on GLBTQ issues, Welfare reform, which got mixed reviews, and the happier issues like the huge improvements in the economy. Also computers. Cheap, effective, readily available computers came along in the 1990s, and they kind of changed the world, culminating in this video, which is the end of the internet. Until next week.
Hey teachers and students - Check out CommonLit's free collection of reading passages and curriculum resources to learn more about the events of this episode. One of the largest criticisms against President Clinton's presidency was his inaction during the genocide in Rwanda which he comments on in his Remarks on the Rwandan Genocide: https://www.commonlit.org/texts/president-clinton-s-remarks-in-kigali-on-the-rwandan-genocide
First Lady Hillary Clinton had some foreign affairs success of her own when she delivered her 1995 speech to the United Nations Fourth World Conference on Women stating that women's rights are human rights: https://www.commonlit.org/texts/first-lady-hillary-clinton-s-address-to-the-united-nations-fourth-world-conference-on-women
Chapters:
Introduction: The Clinton Years 00:00
Clinton's Foreign Policy 0:40
Terrorism During the Clinton Era 1:51
Clinton's Domestic Policy 2:12
Clinton's Triangulation Strategy 3:20
Clinton's Welfare Reforms 4:42
Economics During the Clinton Era 5:14
The E-Commerce Boom 6:27
Mystery Document 6:42
Globalization of Manufacturing, Technology, and Commerce 8:06
The Crash of 2000 8:58
Increasing Wealth Inequality 9:37
The Culture Wars 10:13
An Influx of Immigration 10:22
Diverse Family Structures 11:25
The AIDS Epidemic & LGBT Rights Movement 11:50
Imprisonment & the "War on Drugs" 12:08
Multiculturalism & Political Tensions 12:34
Clinton's Infidelity & Impeachment 13:09
Clinton's Legacy 14:19
Credits 15:00
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3:27
Why Does Greece Have So Much Debt?
The majority of U.S. oil does not come from the Middle East. So, where exactly do we get i...
published: 16 May 2015
Why Does Greece Have So Much Debt?
Why Does Greece Have So Much Debt?
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- published: 16 May 2015
- views: 964991
The majority of U.S. oil does not come from the Middle East. So, where exactly do we get it? TestTube Daily gives us a glimpse at the countries that supply America with the largest amounts of “black gold."
» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
Learn More:
The World's Top Consumers and Producers of Oil
http://www.cnn.com/2008/US/06/02/oil.map/index.html?iref=mpstoryview
Americans have no idea where their oil comes from, in one chart
http://www.vox.com/2014/4/21/5636522/americans-oil-imports-chart-middle-east-canada
Where Does America Get Oil? You May Be Surprised
http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised
U.S. Energy Information and Administration: Petroleum and Other Liquids
http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm
U.S. Imports by country of origin
Watch More:
What Countries Have Nuclear Weapons?
https://www.youtube.com/watch?v=swUA33FGXZU&list;=UUgRvm1yLFoaQKhmaTqXk9SA
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NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
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10:56
The Crisis Going On Right Now, That You Are Not Being Told About...
We have seen a lot of crazy things in the last few weeks… like a worldwide quarantine, a c...
published: 23 Mar 2020
The Crisis Going On Right Now, That You Are Not Being Told About...
The Crisis Going On Right Now, That You Are Not Being Told About...
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- published: 23 Mar 2020
- views: 3287859
We have seen a lot of crazy things in the last few weeks… like a worldwide quarantine, a complete shutdown of the worlds economy, and the fastest stock market plunge in history.
And despite how shocking those things have been, there is one part of this crisis that hasn’t really been talked about by anyone…yet would likely be the number one story in the world during any other time in history…
The United States, Saudi Arabia, Russia, Iraq, Iran, China, and Canada. What do these countries have in common? Well, not much actually. Except that these countries are the worlds largest oil producers.
And as you may know, Oil has historically been a hot commodity that can single handedly determine if a country or state is going to be rich or poor.
Lets take norway for example. Norway has the 6 highest GDP per capita in the world, it is the 2nd wealthiest country in terms of monetary value, it consistently ranks in the top 3 in the world in regards to standard of living, and has the second largest capital reserve in the world as well.
So it is quick easy to say that Norway is very rich. But it wasn’t always like this. In the 1950s, Norway was largely a fishing and agricultural nation, and wasn’t anywhere near as wealthy as it is today. But then in the late 1960’s Norway struck oil in the North Sea. They ended up discovering one of the largest oil reserves in the world, and soon began extracting it through a state run company called statoil. The companies purpose was to sell the oil to other countries, and then use those profits to invest back into Norway, its citizens, and a state wealth fund.
And over the course of the next several decades after the oil discovery, norway would surpass the likes Canada, Germany, and even the United States in terms of average wealth of its citizens.
And this example of how oil can rapidly increase the wealth of a country, can be applied to virtually every other country that discovers vast quantities of oil within their borders.
However, there is a difference between how countries handle their new found oil winnings. Norway is the best example of how oil can provide both short term and long term wealth for its citizens. But there are some examples of countries mismanaging their new found oil.
Lets take for example, Venezuala who has the largest proven oil reserve in the world. They were a fairly well-off developing nation in the 2000’s, but they built their economy entirely on oil, without a reserve fund or diversification plan like norway. So when the price of oil dropped by 68% over the course of 72 weeks between 2014 and 2016, that sent Venezuala’s economy into a downward spiral.
And I want you to remember those numbers I just mentioned. A 68% drop over 72 weeks.
Now lets bring that back to today.
You see, about 3 months ago, I was at the gas station and my fill up was around $80, or about $1.32/litre. But then about a week ago, I went to that very same gas station and the cost to fill up was around $48, or about $0.75/litre.
And that is when I knew that something nearly unprecedented had happened to the worlds economy.
You see, over the course of the last 12 weeks, the price of has dropped by 68%.
That is the same price drop that caused Venezuala’s economy to enter a crisis. But the only difference is that this drop took 12 weeks, meanwhile the previous drop was over 72 weeks.
This means that we are going through arguably the sharpest decline of an energy commodity in history. Yet, because of the current news cycle, its not being brought up with the frequency that it should be.
So, how did this drop happen? Well it was a two pronged attack. The first of which was the demand for oil began to dry up when the worldwide lockdowns started happening. Think about this. roughly 2 thirds of all oil that is extracted from the ground goes into transportation vehicles such as cars, boats, trucks and planes. But now, there has been over a 90 percent reduction in overall travel since the outbreak, Meaning that people aren’t filling up their cars at the gas station as much, and the same applies to boats, trucks, and planes. And as we all know from basic economics, as soon as the demand for a product drops off a cliff. Transcript too long. Ending here.
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37:20
DOCUMENTARY: The 2014 Financial/Energy Crisis Failed to Ruin Russia. Here’s Why
Subscribe to Vesti News https://www.youtube.com/channel/UCa8MaD6gQscto_Nq1i49iew?sub_confi...
published: 03 Jan 2018
DOCUMENTARY: The 2014 Financial/Energy Crisis Failed to Ruin Russia. Here’s Why
DOCUMENTARY: The 2014 Financial/Energy Crisis Failed to Ruin Russia. Here’s Why
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- published: 03 Jan 2018
- views: 14298
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Lessons of the Russian Crises. Every generation of Russians has witnessed their economic crisis. Because of that, we have acquired a tendency to listen to every warning, every speculation regarding a crisis, and even every mention of the word.
36:19
101 Facts About The 2000s
Massive thanks to The Great Courses Plus for sponsoring this video! Signup for your FREE t...
published: 11 Aug 2018
101 Facts About The 2000s
101 Facts About The 2000s
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- published: 11 Aug 2018
- views: 648664
Massive thanks to The Great Courses Plus for sponsoring this video! Signup for your FREE trial to The Great Courses Plus here: http://ow.ly/W6nc30l6iKL
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41:38
Lecture 24b - The 2000s: Obama to Trump
Part 2 of the 2000s lecture focuses primarily on the Obama years and then analyzes the rea...
published: 06 Apr 2020
Lecture 24b - The 2000s: Obama to Trump
Lecture 24b - The 2000s: Obama to Trump
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- published: 06 Apr 2020
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Part 2 of the 2000s lecture focuses primarily on the Obama years and then analyzes the reasons Donald Trump loses the popular election by nearly 2 million votes, but still winds up becoming president.
2000s energy crisis
From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. Commentators attributed these price increases to many factors, including Middle East tension, soaring demand from China, the falling value of the U.S. dollar, reports showing a decline in petroleum reserves, worries over peak oil, and financial speculation.
For a time, geopolitical events and natural disasters had strong short-term effects on oil prices, such as North Korean missile tests, the 2006 conflict between Israel and Lebanon, worries over Iranian nuclear plans in 2006,Hurricane Katrina, and various other factors. By 2008, such pressures appeared to have an insignificant impact on oil prices given the onset of the global recession. The recession caused demand for energy to shrink in late 2008, with oil prices collapsing from the July 2008 high of $147 to a December 2008 low of $32. Oil prices stabilized by August 2009 and generally remained in a broad trading range between $70 and $120 through November 2014, before returning to 2003 pre-crisis levels by early 2016.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/2000s_energy_crisis
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10:59
Is the energy crisis driving Europe's steel industry to the Americas? | Transforming Business
Steel is a $1 trillion market and demand is rising. But production consumes a lot of energ...
published: 14 Jul 2023
Is the energy crisis driving Europe's steel industry to the Americas? | Transforming Business
Is the energy crisis driving Europe's steel industry to the Americas? | Transforming Business
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- published: 14 Jul 2023
- views: 153733
Steel is a $1 trillion market and demand is rising. But production consumes a lot of energy - and is expensive. Are companies moving out of Europe to invest in South and North America because electricity is much cheaper there? And what about hydrogen powered 'green steel'?
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#Transformingbusiness #steel
15:01
Energy crisis: what can 1973 teach us?
Alongside his invasion of Ukraine, Vladimir Putin has throttled gas supplies to Europe—but...
published: 12 Jan 2023
Energy crisis: what can 1973 teach us?
Energy crisis: what can 1973 teach us?
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- published: 12 Jan 2023
- views: 358037
Alongside his invasion of Ukraine, Vladimir Putin has throttled gas supplies to Europe—but the world has seen energy used as a weapon before. What can the energy shock of 1973 tell us about today’s crisis?
00:00 - Energy wars
02:12 - Oil sanctions don’t work
06:59 - Energy security
11:05 - Alternatives to oil
Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI
To read more on the war in Ukraine: https://econ.st/3k6ILzE
How the West’s price cap on Russian oil could roil energy markets: https://econ.st/3GUQpGD
The costs and consequences of Europe’s energy crisis are growing: https://econ.st/3Izg6O4
Europe faces an enduring crisis of energy and geopolitics: https://econ.st/3vPSn4L
Europe is growing complacent about its energy crisis: https://econ.st/3GT4YKw
Europe’s next energy crunch: https://econ.st/3jVpDEK
How to deal with Europe’s energy crisis: https://econ.st/3XmdkQg
Europe’s energy market was not built for this crisis: https://econ.st/3Qxvn3N
Europe scrambles to protect citizens from sky-high energy prices: https://econ.st/3k76boR
Europe’s winter of discontent: https://econ.st/3CA9laM
0:31
Preparing for the energy crisis in Germany
published: 14 Sep 2022
Preparing for the energy crisis in Germany
Preparing for the energy crisis in Germany
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- published: 14 Sep 2022
- views: 9084033
9:38
Europe’s Energy Crisis Nowhere Near Over
In our latest podcast, Aaron and Alex delve deep into the pressing issue of Europe's energ...
published: 14 Oct 2023
Europe’s Energy Crisis Nowhere Near Over
Europe’s Energy Crisis Nowhere Near Over
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- published: 14 Oct 2023
- views: 637
In our latest podcast, Aaron and Alex delve deep into the pressing issue of Europe's energy crisis, specifically concerning natural gas and why the E.U. might be in for a harsh winter.
As Europe grapples with the many challenges of Russia’s invasion of Ukraine, and transitioning to cleaner, more sustainable energy sources, we explore the intricate web of factors that make the European Union vulnerable.
If you really, really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Economics, geopolitics, and commodities are topics we routinely cover: https://lp.constantcontactpages.com/su/CR0IJvv/pinnacledigestyoutube
Timestamps
00:00 - Intro
00:00:31 - Europe's Relationship with Natural Gas and Trading Partners
00:01:32 - Europe Needs Secure Sources of Natural Gas and More Energy
00:02:27 - Natural Gas and Fertilizers
00:02:59 - U.S. Wins Natural Gas Race Against Canada, Russia and Australia
00:03:44 - Canada Left Billions on the Table
00:04:06 - Aaron Explains Why America is the Energy Superpower of the World
00:05:16 - E.U. Must Increase Storage Facilities or Pay Up
00:06:18 - Europe's Waning Control and Influence in Africa
00:07:57 - Reasons Europe Must Tighten Relations with America
00:08:48 - Europe Must Increase Storage Capacity and Export Agreements with America
00:09:00 - Bullish on American LNG Exports
00:09:10 - Conclusion
𝙁𝙊𝙇𝙇𝙊𝙒 𝙋𝙄𝙉𝙉𝘼𝘾𝙇𝙀 𝘿𝙄𝙂𝙀𝙎𝙏 𝙃𝙀𝙍𝙀
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#EnergyCrisis
#EuropeanUnion
#NaturalGas
#OilandGas
#AmericanEnergy
Screenshots of articles from the pod:
CNN — Price of war: UK and EU throw $500 billion at energy subsidies: https://www.cnn.com/2022/09/08/business/liz-truss-energy-price-cap-europe/index.html
Pinnacle Digest —The Four Nat Gas Horsemen: https://www.pinnacledigest.com/energy-stocks/race-to-export-clean-burning-energy/
CNBC — European gas prices jump 10% as strikes get underway at major LNG facilities in Australia: https://www.cnbc.com/2023/09/08/gas-european-prices-jump-as-strikes-start-at-australia-lng-facilities.html
S&P; Global Commodity Insights — Niger coup, financing woes rock Nigeria's plan to supply gas to Europe: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/090823-niger-coup-financing-woes-rock-nigerias-plan-to-supply-gas-to-europe
CEPA — New Attack on Europe’s Energy Pipelines, Finland Says: https://cepa.org/article/new-attack-on-europes-energy-pipelines-finland-says/
Sources and supplementary information:
Bloomberg — Europe Gas Storage Is 90% Full. It Still May Not Be Enough: https://www.bloomberg.com/news/articles/2023-08-17/europe-gas-inventories-are-90-full-it-still-may-not-be-enough
IMF — Beating The European Energy Crisis: https://www.imf.org/en/Publications/fandd/issues/2022/12/beating-the-european-energy-crisis-Zettelmeyer
Bay Street — EU’s Full Gas Storage Doesn’t Eliminate Supply Risks: https://www.baystreet.ca/commodities/6714/EUs-Full-Gas-Storage-Doesnt-Eliminate-Supply-Risks
Reuters — US LNG project approvals on track for record new volumes: https://www.reuters.com/business/energy/us-lng-project-approvals-track-record-new-volumes-2023-06-23/
S&P; Global Commodity Insights — High natural gas prices could lead to spike in food costs through fertilizer link: https://www.spglobal.com/commodityinsights/en/market-insights/blogs/agriculture/011922-fertilizer-costs-natural-gas-prices
American Gas Association — Natural Gas Critical to Agriculture Sector: https://www.aga.org/news/news-releases/new-report-natural-gas-critical-to-agriculture-sector
Al Jazeera — Dozens of ships carrying LNG linger around Europe’s coast: https://www.aljazeera.com/news/2022/11/6/dozens-of-ships-carrying-lng-lingering-around-europes-coast
The Guardian — How will Europe weather a second winter without gas from Russia?: https://www.theguardian.com/business/2023/sep/30/how-will-europe-weather-a-second-winter-without-gas-from-russia
Disclaimer and Forward-Looking Statements:
THIS VIDEO IS NOT INVESTMENT ADVICE. It is intended for informational and entertainment purposes only. All statements in this video are to be checked and verified by the viewer. This video may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, assumes no responsibility.
Neither Aaron Hoddinott nor Alexander Smith are financial advisors. Before investing in any securities or commodities, consult with your financial advisor and a registered broker-dealer.
Never make an investment based solely on what you hear or see in this video.
Maximus and the Contributors disclaim all liability for any loss that may arise (whether direct, indirect, consequential, incidental, punitive or otherwise) from any use of the information in this video.
5:33
Why is there an energy crisis?
As supplies of natural gas, coal and other energy sources are failing to meet current dema...
published: 12 Oct 2021
Why is there an energy crisis?
Why is there an energy crisis?
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- published: 12 Oct 2021
- views: 25997
As supplies of natural gas, coal and other energy sources are failing to meet current demand, we see higher prices and energy shortages across Europe and Asia.
#energycrisis #energyshortage #naturalgasprice
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5:18
Gravitas: The global energy crisis explained
British soldiers are doubling up as tanker drivers. The Eurozone is reporting its highest ...
published: 07 Oct 2021
Gravitas: The global energy crisis explained
Gravitas: The global energy crisis explained
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- published: 07 Oct 2021
- views: 169915
British soldiers are doubling up as tanker drivers. The Eurozone is reporting its highest inflation in 13 years. South America is on the brink of blackouts. Why is the world facing an energy crisis? Is it insatiable demand or a failed green transition? Palki Sharma tells you.
#Gravitas #GlobalEnergyCrisis #Energy
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13:04
Is Germany's nuclear exit a mistake?
The 15th of April 2023 marks the end of Germany's 60-year-old nuclear history – right in t...
published: 14 Apr 2023
Is Germany's nuclear exit a mistake?
Is Germany's nuclear exit a mistake?
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- published: 14 Apr 2023
- views: 433199
The 15th of April 2023 marks the end of Germany's 60-year-old nuclear history – right in the middle of a global energy crisis. The country had to fire up old coal plants to secure energy supply in the past year, while other countries continued to build more nuclear power plants. Was pulling out of nuclear energy a huge mistake?
Credits:
Reporter: Kiyo Dörrer
Video editor: Frederik Willmann
Supervising Editors: Malte Rohwer-Kahlmann, Michael Trobridge
Special thanks to: Nicolas Wendler, Hans Smital, Christian von Hirschhausen, Rainer Klute and Simon Müller for interviews that could not make it into the video.
#PlanetA #Nuclear #Germany
Read more:
Do we need nuclear power to stop climate Change?
Planet A video: https://www.youtube.com/watch?v=9X00al1FsjM
Flexibility of nuclear power polants, World Nuclear Performance Report 2020:
https://www.world-nuclear.org/getmedia/3418bf4a-5891-4ba1-b6c2-d83d8907264d/performance-report-2020-v1.pdf.aspx
International Energy Agency report on nuclear power:
https://www.iea.org/reports/nuclear-electricity
IPCC pathways including nuclear power: https://www.ipcc.ch/site/assets/uploads/sites/2/2019/02/SR15_Chapter2_Low_Res.pdf
Chapters:
00:00 Intro
01:01 History
02:15 The debate restarts
04:38 The case for nuclear
08:45 Cost and safety
11:45 Conclusion
27:51
What caused South Africa's energy crisis? | Inside Story
South Africa has been experiencing one of the worst energy crisis in the region, in years....
published: 11 Feb 2023
What caused South Africa's energy crisis? | Inside Story
What caused South Africa's energy crisis? | Inside Story
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- published: 11 Feb 2023
- views: 107099
South Africa has been experiencing one of the worst energy crisis in the region, in years.
It's affecting millions of people across the country.
The nation's ageing coal-powered electrical stations are not coping with demand.
And it's leading to daily blackouts that can sometimes last for hours.
Opposition politicians and demonstrators have blamed the governing ANC party.
President Cyril Ramaphosa declared a state of disaster on Friday
But is this move enough?
Presenter: Mohammed Jajmjoom
Guests:
Kenneth Creamer, economic advisor to the ANC Economic Transformation Committee,
Ongama Mtimka, Lecturer at the Nelson Mandela University.
Chris Yelland, Energy Analyst.
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#News #SouthAfrica #Power #Energy #EnergyCrisis #Blackouts #PowerCuts #SouthAfricaProtests #Johannesburg
2:17
Is the energy crisis behind us?
As the war in Ukraine continues, Europeans are already looking ahead to the coming winter,...
published: 04 Jun 2023
Is the energy crisis behind us?
Is the energy crisis behind us?
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- published: 04 Jun 2023
- views: 2867
As the war in Ukraine continues, Europeans are already looking ahead to the coming winter, keeping a close eye on their gas reserves.
READ MORE : https://www.euronews.com/2023/06/04/is-the-energy-crisis-behind-us
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UK energy crisis: Plan for three-hour power blackouts unveiled
National Grid's Electricity System Operator (ESO) has warned that planned three-hour power...
published: 06 Oct 2022
UK energy crisis: Plan for three-hour power blackouts unveiled
UK energy crisis: Plan for three-hour power blackouts unveiled
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- published: 06 Oct 2022
- views: 96828
National Grid's Electricity System Operator (ESO) has warned that planned three-hour power blackouts could be imposed in some areas, in the "unlikely" event supplies of gas fall short of demand.
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