Benchmark European gas prices have soared this year because of factors such as low stocks, infrastructure outages and high demand in Asia, lifting power prices to record highs.
"With regret, we have to announce that the Bohemia Energy Group is, with immediate effect, ending supplies of electricity and gas to the Czech energy market," the company said on its website on Wednesday. It was set up and controlled by businessman Jiri Pisarik, who was listed by Forbes as worth 8.3 billion Czech crowns this year.
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‘No single company can address the climate crisis alone’: Business leaders on why co-operation is so importantAs COP26 nears, calls for an approach which focuses on working together in favor of a common goal are growing louder by the day. The 'logic' of many: The Fed is a room of men who can maniuplate the currency- and thus the entire economy- and make us all better off. Oh, and monopoly power is bad. Nature is deadly. Without modifying nature, man dies. In order to survive, he must be free. Statist control and regulation leads to economic destitution, where the environment is sewage down the streets and water that kills you. Statism inevitably leads to trbal war, as each clan progressively uses the coercive power of the state, by proxy, to enforce their desire on all, who then circle the wagons around their group, and counter. And it spirals, as you observe.
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Rising energy prices will squeeze company profits, says business consultantU.S. firms have a better chance at protecting their margins thanks to a 'very buoyant' consumer market, said Richard Martin, managing director of IMA Asia. No kidding They are letting OPEC= Arabia call the shots again + to many Rrefinerys stopping or 🔥👎❗
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