EU foreign ministers meet to decide how precisely to deploy sanctions agreed 10 days ago to hit Russian companies that help destabilise Ukraine and to block new loans to Russia through two multilateral lenders.
from The Great Debate:
Whether or not you follow the energy markets, it’s very likely you’ve heard the phrase “U.S. energy independence" at one time or another in recent years. Yet the very notion that the United States can be completely self-sufficient when it comes to supplying our domestic need for energy consumption is seriously flawed for a number of reasons ranging from population growth, pure economics, a lack of public policy and a dated permitting process vital to commercialize new energy projects. Collectively, this should have Americans questioning whether U.S. power production can be enough to completely eliminate the need for foreign energy sources.
An international agreement to avert wider conflict in Ukraine, brokered only five days ago, is teetering with pro-Moscow separatist gunmen showing no sign of surrendering government buildings and Kiev and Moscow trading accusations over who was responsible for killings over the weekend.
While Congress and President Obama dither over replenishing the nearly depleted Highway Trust Fund, a more fundamental part of America’s fabric is quietly being strengthened. While derelict bridges garner headlines, it is our fragile power grid that can inconvenience tens of millions of Americans when power goes out in a summer heat wave. The federal government is taking the lead as an Edison Electric Institute report says: