{"id":535159,"date":"2022-11-09T10:22:03","date_gmt":"2022-11-09T04:52:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=535159"},"modified":"2022-11-09T12:18:05","modified_gmt":"2022-11-09T06:48:05","slug":"europes-energy-crunch-will-trigger-years-of-shortages-and-blackouts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/europes-energy-crunch-will-trigger-years-of-shortages-and-blackouts\/","title":{"rendered":"Europe&#8217;s energy crunch will trigger years of shortages and blackouts"},"content":{"rendered":"<p>Bills will be high, but Europe will survive the winter: It\u2019s bought enough oil and gas to get through the heating seasons. <\/p>\n<p>Much deeper costs will be borne by the world\u2019s poorest countries, which have been shut out of the natural gas market by Europe\u2019s suddenly ravenous demand. It\u2019s left emerging market countries unable to meet today\u2019s needs or tomorrow\u2019s, and the most likely consequences \u2014 factory shutdowns, more frequent and longer-lasting power shortages, the foment of social unrest \u2014 could stretch into the next decade. <\/p>\n<p>\u201cEnergy security concerns in Europe are driving energy poverty in the emerging world,\u201d said Saul Kavonic, an energy analyst at Credit Suisse Group AG. \u201cEurope is sucking gas away from other countries whatever the cost.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bills will be high, but Europe will survive the winter: It\u2019s bought enough oil and gas to get through the heating seasons. Much deeper costs will be borne by the world\u2019s poorest countries, which have been shut out of the natural gas market by Europe\u2019s suddenly ravenous demand. It\u2019s left emerging market countries unable to meet today\u2019s needs or tomorrow\u2019s, and the most likely consequences \u2014 factory shutdowns, more frequent and longer-lasting power shortages, the foment of social unrest \u2014 could stretch into the next decade. \u201cEnergy security concerns in Europe are driving energy poverty in the emerging world,\u201d said [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-535159","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/535159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=535159"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/535159\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=535159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=535159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=535159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}