Ecuador is facing a severe energy crisis caused by the worst drought in six decades drastically reducing water levels in reservoirs powering hydroelectric plants that supply over 70% of the nation’s electricity. Since October 23, 2024, power cuts have expanded from 8 to 14 hours per day, impacting cities like Quito, Guayaquil, and Cuenca, and causing economic losses of about $12 million per hour.
Ecuador is experiencing a significant energy crisis, leading to widespread power outages and economic challenges. The crisis is primarily due to reduced water levels affecting hydroelectric power generation, which supplies a substantial portion of the country’s electricity.
Massive anti-government protests are again taking place in Chisinau, the capital and largest city of the Republic of Moldova.
Drought and heat have pushed European benchmark electricity prices to all-time highs on August 2, 2022. As a result, countries are relying even more on Russian gas to meet increased power demand instead of storing it for the coming winter season, as recently agreed in Brussels.
UK’s Members of Parliament said millions of people will be plunged into unmanageable dept this winter unless the government comes up with a solid plan to support those most affected by rising prices.
The United States declared a national energy emergency on June 6, 2022. The emergency – declared to exist with respect to the threats to the availability of sufficient electricity generation capacity to meet expected customer demand – will stay in effect for at least 24 months or until it’s declared terminated, whichever occurs first.
Increased demand and degrading infrastructure is pushing South Africa to its its second year of record-breaking power cuts.
Brad of Full Spectrum Survival talks about Russia's warning of global collapse, oil to hit $200 per barrel, and nuclear war on the table. Another great channel that proved especially precise over the past couple of weeks is Canadian Prepper. One of his recent…
Gas and oil prices in Europe skyrocketed after Russia attacked Ukraine early Thursday morning, February 24, 2022. Meanwhile, stock markets around the world tumbled amid rising concerns while Euro plunged to its lowest level against the dollar since June 2020 and hit…
China is stockpiling food at historically high levels and now has more than half of the world's maize and other grains. By mid-2022, the country is estimated to hold 69% of the world’s corn reserves, 60% of rice, and 51% of wheat. At the end of 2021,…
