Vital Natural Gas Line Stops Under Mysterious Circumstances
The Nord Stream pipeline is a pipeline that delivers gas from Russia to Greifswald, Germany; it is responsible for supplying approximately 35% of Europe’s natural gas. In early June of this year, the pipeline announced that it would be closing for 1 – 10 days for routine maintenance. It has since stopped supplying Europe altogether. […]
Evaporating Rivers Causing Food and Energy Price Increases
Europe is worried because their rivers are running dry after a long period of unseasonably hot and sunny weather. This lack of water is not only impacting supply chains, but crops as well. Some waterway levels have decreased to a point where it’s impossible for any kind of vessel to pass through. Europe is currently […]
Monitoring the Situation on the Rhine River
Rhine River levels continue to sink, forcing companies to seek alternatives for the freight they send up and down the enormous waterway. Water levels decreased again recently by another five inches and remains uneconomical for many commodity-hauling barges to sail through. “At the beginning of March, the ships could be loaded with roughly 2,200 [metric] […]
Surface Transportation Board Given New Authority
Rail freight problems are not just the result of the Covid-19 pandemic. Years of attempts to cut costs have led to lower employee volumes, out of service equipment, and closed rail yards; all of which have contributed to the current supply chain disruptions experienced everywhere. In attempts to try to improve, the Subcommittee on Railroads, Pipelines, and Hazardous Materials […]
Why The U.S. Isn’t “Officially” in a Recession
President Joe Biden and the Federal Reserve Chair, Jerome Powell, have stated that the U.S. is not officially in a recession. However, it’s not up to them to declare an official recession; that declaration comes from the National Bureau of Economic Research (NBER), and they haven’t commented yet. The NBER defines a recession as a […]
