Biden energy adviser says

Amos Hochstein, a Biden administration senior energy adviser, Middle East negotiator and current managing partner at the investment firm TWG Global, told “Face the Nation with Margaret Brennan” that “Iranians have a card they never had” in the war by closing the Strait of Hormuz. Source link

Hungary’s new leader has vowed to wean his country off Russian energy. It will be a painful transition.

Kyiv – In the hours before Peter Magyar defeated Hungary’s longtime leader Viktor Orbán in Sunday’s landmark election, Magyar’s supporters filled the streets of Budapest chanting “Russians out!”  The mandate was clear for the incoming prime minister, who had described Orbán as a “puppet of the Kremlin” in his campaign speeches and long pledged to reduce Russia’s … Read more

As energy costs rise, some states back off ambitious climate goals

ALBANY, N.Y. — Seven years ago, New York lawmakers set ambitious goals for slashing greenhouse gas emissions with clarion calls about saving the future. Now, with slow progress made and political realities shifting, Gov. Kathy Hochul is seeking a delay, saying she wants to save consumers money. Times have “ radically changed,” Hochul said, since … Read more

IMF warns about risk of global recession as Iran war impacts energy costs

IMF warns about risk of global recession as Iran war impacts energy costs – CBS News Watch CBS News The International Monetary Fund is warning about the risks of a global recession in its World Economic Outlook report as the U.S.-Israeli war with Iran impacts oil prices. CBS News business contributor Javier David has more. … Read more

Unearthed emails expose how Obama-era EPA plotted ‘massive’ energy regulations from day one: watchdog

NEWYou can now listen to Fox News articles! A government watchdog is accusing the Obama administration’s Environmental Protection Agency (EPA) of pre-determining the legal basis for its climate framework. In an amicus filing before the Ninth Circuit Court of Appeals, the Government Accountability and Oversight (GAO), a nonpartisan nonprofit, unearthed communications from inside the EPA … Read more

CPI report shows inflation surged in March as Iran war drove up energy costs

A global energy shock triggered by the Iran war sent U.S. inflation soaring in March, with the Consumer Price Index rising at a 3.3% annual rate. By the numbers Economists had predicted inflation would jump nearly an entire percentage point from 2.4% in February to 3.3% in March on an annual basis, according to the average … Read more

Texas teen’s death linked to caffeine in Alani Nu energy drink, family alleges in lawsuit

The family of a 17-year-old Texas cheerleader has filed a wrongful death lawsuit against a distributor of a popular energy drink, saying the teenager died from an enlarged heart caused by ingesting large amounts of caffeine. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Larissa Nicole Rodriguez, a … Read more