As winter approaches, cuts in Russian gas are sending shivers through Europe, where energy is becoming a 'luxury good' rather than a basic service.
A stumbling British pound and surging U.S. dollar have left Brits feeling glum and plenty of Americans feeling gleeful.of a United Nations-brokered deal to allow grain exports from Ukraine, adding another layer to the toll of war that’s reached across the globe.
Yet for small businesses and families, savings have failed to trickle down — and may never as an energy-hungry Europe barrels toward a dark, long winter and governments warn of shortages for years to come. “The best for Ukrainians and two jumpers for us,” read one of the placards, a reference to Czechs expecting to wear extra layers of clothing to stay warm.Surging inflation and fears about an energy crisis from Russia’s ongoing war in Ukraine are taking a toll on the finances — and psyches — of Germans.
“This is the worst crisis we’ve had since World War II,” she said, speaking of energy struggles. “We are doing a few things quite well like standing together against Russia and preparing to get fossil energy in the short-term from other nations. But we can do so much more. Our dependence on too few kinds of energy is too high.”
He described the energy crisis as “violent” in nation where a network of 4,500 aging public pools around the country are increasingly viewed as drains. “I hate to say it, but pools are energy pits,” he said. In an interview, Stenhouse, 51, said she was “very lucky in finding a source of wood” and would use it to heat her home to 66 degrees Fahrenheit. But many others have been unable to secure the material or afford it.
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