Puerto Ricans are no strangers to sporadic power outages of random nature. In fact, they are often acquainted with the unreliable nature of the island’s power system, LUMA Energy. But this summer, due to extreme heat, it has become more than accounted for. With just under 150,000 islanders without power at a time we welcome the summer to Puerto Rico.
Tag: energy
Argentina and Brazil Discuss Plans for a Common Currency
Brazil’s President Luiz Inacio “Lula” da Silva and Argentina’s President Alberto Fernández announced the creation of a common currency called “Sur”. This currency would have a regional reach, and it would help strengthen the relationship between the two economies. The two presidents have also shown their support to bilateral commerce and the development of joined projects, among which there is a gas duct through which Argentina could export gas to its neighboring country.
U.S. Sanctions on Russian Oil Raises Gas and Energy Prices
With Russian forces penetrating through the lands of Ukraine, many countries around the world are finding ways to have sanctions against Russia for their inhumane acts. One of their ideas was putting sanctions on Russian oil. The problem is that Russian oil is fairly cheap in comparison to other oil prices, and that means the prices for gas and energy go up.
If You Haven’t Noticed, the World is Melting and We Need to Do Something About Climate Change
This year, climatologists expect an increase of 1.96 degrees Fahrenheit over pre-industrial averages. This will be Earth’s hottest year yet. Deserts are already dry as it is, but forests are being affected with climate change as the land becomes bone dry.
Climate Change Remains Invisible in the State of the Union
Climate change is like a child who was forgotten in the car when the parents go out to eat for an evening meal. The crisis in Ukraine is strongly presented in the discussion of politics. War contributes a lot to climate change and yet the war on healing global warming barely scratched the surface of the recent State of the Union. President Biden stated that he would drive the United States to climate change purposes, but it was not mentioned in the State of the Union.
The War With Ukraine Threatens Soccer Sponsorships
With Russia’s recent invasion in Ukraine Thursday morning, their actions are scaring away sponsorships for the future UEFA games. The 2022 UEFA game would be in St. Petersburg, Russia. European nations wanted to relocate the game in fear of the aftermath of the war, but the organizers of the Champion League have yet to make the relocation on the soccer tournament. UEFA is hoping that Russia would sooner head to peace because so many civilian lives are affected by the invasion.
The Highest Inflation Rate in 30 Years
Inflation is experiencing over a 6% increase, higher than it has been in three decades. This is alarming for consumers, especially near the holiday season. Both luxury items and basic needs are seeing an upward trend in prices.
