Global energy crisis will explode – watch now

An energy crisis of epic proportions is rapidly spreading across the globe and it will hit us where it hurts the most – in the wallet. Energy prices are traded globally, which means that price increases in one part of the planet eventually affect markets elsewhere. That’s what happening now, with natural gas produced in the U.S. now heading for Europe and pushing prices to soar both here and there. As energy supplies get tighter and tighter all over the world, power bills can only go higher. In fact, the federal government is warning that Americans’ heating bills will rise more than 50 percent this winter. Needless to say, millions of families won’t be able to afford that.
This global power crunch has been unfolding for months, but only now the mainstream media has started to use the term “energy crisis” to describe what we are facing. Recent reports alert that “the world is entering a new energy crisis the like of which hasn’t been seen since the 1970s”. On the other side of the ocean, prices for gas in Europe and Asia are at an all-time high, while oil prices are at a three-year high, and the price of coal is simply skyrocketing due to energy shortages across China, India, and Germany.
Even CNN is warning that energy prices are about to hit ‘astronomical’ levels. The frenzy to secure natural gas supplies is consequently pushing up the price of coal and oil, which can be used as substitutes in some cases. That’s why global markets should brace for “astronomical increases in natural gas prices, skyrocketing coal costs, and predictions of $100 oil,” CNN reported. These circumstances are triggering widespread alarm amongst central banks and investors. Rising energy prices are fueling inflation, which has already been a major concern for the global economy over the past year. But dynamics over the winter could make the situation even worse.
This week, economists said that U.S. consumers should “get ready to pay sharply higher bills for heating this winter, along with seemingly everything else”. The U.S. government warned on Wednesday that households will see their heating bills jump as much as 54% compared to last winter, which led some economists to argue that a 54 percent increase would be the “best-case scenario”. Many of them argue that prices will shoot up a lot higher than that because energy costs in America have been hitting absurd levels already. This also means that millions of families are not going to be able to afford higher energy bills, and that is going to intensify their financial struggles.
Way before the energy crisis erupted, a large portion of the U.S. population was already facing financial difficulties to pay energy bills. Another recent survey found that roughly 40 percent of all U.S. households “have faced serious financial problems” in the last few months, including struggling to afford medical care and food. Among those lower-income households, 30% reported they had lost all their savings during the recession. The survey was conducted by NPR, the Robert Wood Johnson Foundation, and the Harvard TH Chan School of Public Health, and it also showed that the percentage of households reporting acute financial problems rose to 59% in families that had an income under $50,000 a year.
Normally, such a high rate of people facing financial hardships would be an indication of rampant unemployment. But as we have been discussing in the past few videos, the U.S. is actually in the middle of one of the most dramatic shortages of workers right now. Pretty much every industry is short-staffed and this is creating a series of disruptions in our economy. Every day, more and more jobs are vacant and employers are getting increasingly desperate to find personnel. On the other hand, the vast majority of available jobs are very low-paying, and rising inflation is devaluing wages at record speed.
The latest data suggests that inflation is rising at the fastest pace in 30 years. And leading the increase in consumer prices are higher prices for food and energy, the Labor Department reported Wednesday. And now this massive energy crisis is about to take our economic problems to a whole new level while millions of Americans keep their thermostats uncomfortably low during another dark winter. Everything that we buy that requires shipping from another country or another region is going to become significantly more expensive. And as inflation spins out of control and the winter approaches, many American families are going to be forced to make some very difficult choices. We will be extremely lucky if blackouts and power outages do not happen because if something similar to what occurred in Texas last winter takes place all across the country, we will have to deal with some absolutely disastrous consequences very soon.

Essence of Trading: Trading Is Easier Than Most People Think

Trading is not as hard as many beginners imagine. There are several reasons for its reputation being a challenging task. These obstacles are real but manageable if you prepare yourself properly.

The New World Of Binary Option Trading

The internet brought us countless innovations in the last 20 years including many different ‘money-making opportunities’ such as online trading. Forex Trading was the newest innovation up until recent years, up until Binary Option web-based platforms increasingly became highly popular, changing our old concept of trading by 360 degrees as now investors can trade many different assets and are no longer limited to Currency Trading as with Forex. In this article I cover different aspects of online trading and how Binary Options can be practiced on a low budget using the best platforms available.

Social Trading – Fad or Phenomenon?

Social trading is a new and exciting way for people to trade currencies and other instruments online. Social trading has been pushed by a number of large brokerages and seems to be here to stay. But is social trading really just a fad or will it be a long running phenomenon?

Stock Screening – Got Eagle Eyes?

You need to have Eagle eyes to catch the pattern formation in the charts. Right screening tool can catch the chart patterns and save you with some good money. If you have selected the trading instrument and if you know the set of filter criteria to use, ‘stock screener’ tool can pick you stocks you need to fly with.

Technical Analysis – Have the Right Tools and Discipline?

Technical Analysis of stock trading is an art as well as science. Wondering how? It involves expression of creative skill and imagination and hence it’s an art. It’s also a science because it encompasses systematic study of the structure and behavior of stock trading. Making money in trading doesn’t need a scholar but it requires great discipline and right tools coupled with timely execution.

The Future Of Online Day Trading

I remember a time when we use to think of Day Trading as a practice that is beyond reach as we assumed Day Trading was done in a crowded Wall Street type trading room with lots of businessmen yelling and engaging in the markets in “Real Time”. It wasn’t anything regular people like us could imagine ourselves doing, without any credentials or certificates and definitely without a broker. The concept of Day Trading in general was and still is very interesting for those of us seeking a side income or a new challenge, one that is financially rewarding!

Is Trading In Binary Options Mere Gambling?

Binary options trading is a type of gambling for some people, but the real-time trading and the use of intellect for this trading shows that it is not so. People have to be pretty careful when they are trading at these websites, but they rely totally on luck when they gamble.

Essence of Trading: Make Trading Worth Your Time

Day trading is not just about monitoring the markets and firing off orders like a mad man. Its purpose is to make money. Like any other money making business, you have to allocate time for planning and grow it with a lot of care.

Start Small At Binary Options Platforms

Binary options related investment websites are pretty alluring and more and more people are coming at these platforms. The most significant thing that a trader has to keep in mind is to invest small amount of money in the beginning while getting familiarity with this process.

Could You Explain Your E-Mini Trading Plan to Me? (Part 2)

In part 1 of this article I described the reluctance of beginning e-mini traders to formulate and write a comprehensive e-mini trading plan. Like many things in trading, I suppose that activities besides actual e-mini trading are perceived as spurious and unnecessary.

You May Also Like

Bitcoin (BTC) $ 22,957.15 0.86%
Ethereum (ETH) $ 1,634.77 0.65%
Tether (USDT) $ 1.00 0.05%
BNB (BNB) $ 328.65 1.59%
USD Coin (USDC) $ 1.00 0.15%
XRP (XRP) $ 0.396271 0.94%
Binance USD (BUSD) $ 1.00 0.14%
Cardano (ADA) $ 0.387928 0.80%
Dogecoin (DOGE) $ 0.091037 1.08%
Polygon (MATIC) $ 1.22 3.21%