Over at the Oil Drum, Gail Tverberg argues that Europe is getting hammered by soaring oil prices harder than just about anywhere else. Not good news for a continent already mired in recession. And the graph below is especially striking — the euro zone countries with the worst trade imbalances (and, not coincidentally, the worst debt crises) are also particularly dependent on foreign oil and gas: Read full article >>

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Topics:  oil drum   gail tverberg   europe   read   worst   
BING NEWS:
  • Video. Oil spill ravages Black Sea shores, causing major environmental crisis
    Video. Footage showed oil-streaked shores and birds covered in mazut. Officials say clean-up efforts are underway, though environmental impacts remain uncertain.
    12/17/2024 - 8:05 am | View Link
  • Why Europe Can’t Seem to Kick Its Russian Energy Habit
    Russia was the world’s biggest exporter of natural gas and Europe was its top customer. For the continent’s leaders, access to all that cheap Russian energy outweighed any misgivings over doing ...
    12/17/2024 - 4:03 am | View Link
  • Wider Europe Briefing: The EU Carries Over Its Problems To 2025
    In this week's newsletter, I'm looking at the big decisions the EU will (and won't) be taking before the winter break.
    12/16/2024 - 5:30 pm | View Link
  • The Housing Affordability Crisis Is Going Global
    Home prices and rents are rising faster than incomes in big cities in Europe and beyond. “The price in Ireland is mental,” said a Dublin teacher who lives with his mother.
    12/16/2024 - 12:00 pm | View Link
  • Syrian refugees across Europe celebrated Assad’s collapse. But an angry migration debate is brewing
    I’ve been thinking in the past few years: will I die away from my country?” Abdulaziz Almashi asked aloud. “Will I be able to go back and see my mum and dad again?” ...
    12/14/2024 - 6:00 am | View Link
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