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Been wiped out and now governor gavin newsom is lifting some drought restrictions, including a requirement to limit outdoor watering. he also lifted an order for residents and businesses to cut their water usage by 15% the us department of agriculture said the storage levels in california 154 reservoirs is now at a normal level, and that doesn t include large snowpack. which will be melting over the next few months. a lack of running water is often thought of as a problem seen in developing countries, but it also exists here in the united states, the richest nation on earth there, a signer reports from west virginia. you can see this ceiling, you know? what one good heavy snow and we re done. this. this building is gone. it looks like it s been patched up and patched up and patched up inside this dilapidated building where the roof is always threatening to cave in sits one precious item. what in the heck is this? that is an old turbine. uh huh. that ....
Serious is the eu energy crisis? ., , , ., , serious is the eu energy crisis? ., , , ., crisis? its already serious and it will get crisis? its already serious and it will get more crisis? its already serious and it will get more serious. - crisis? its already serious and it will get more serious. we l it will get more serious. we are enjoying mild weather in the autumn and early winter which is helping, and although eu storage levels are up, the tricky part is not necessarily this winter, although it could be challenging if the weather gets much colder, but it s actually next winter. how do you refill european storage with almost no russian gas? china will again open up as the covid strategy begins to ease and compete for the same lng. worth bearing in mind that 7% of lng globally is already under long term contract, you are competing for the last 30%. 70% is are competing for the last 30%. 70% is already under long term contract. throughout 2023, the energy crisis isn t goin ....
Only running at about a fifth of its capacity. joining me now is dr rebecca harding, independent economist and ceo of coriolis technologies. we knew that this shut down was coming. do you anticipate that it will indeed be switched back on, as promised, on 2nd september? i think that is literally the trillion dollar question, whether or not they switch it back on. at the moment, the news is actually fairly foggy. we don t know. and it is whether our not it will be switched on that is causing the nervousness. i think however what has happened is that germany has been very keen to say that its storage levels of gas are actually quite high. it is hitting its target. it was nearly 84% of its target yesterday, so actually germany ....
Of the peace movement in europel a greater chance you will see more i of the peace movement in europe and were opposition of the peace movement in europe and were opposition from of the peace movement in europe and were opposition from europeans - were opposition from europeans that are suffering economically were opposition from europeans that are suffering economically through . were opposition from europeans that are suffering economically through a | are suffering economically through a court winter are suffering economically through a court winter to are suffering economically through a court winter to tell are suffering economically through a court winter to tell the are suffering economically through a court winter to tell the government, | court winter to tell the government, we do court winter to tell the government, we do not court winter to tell the government, we do not like court winter to tell the government, we do not like this court winter to tell the ....
Highlighting the urgency of the central bank and yet economy is still incredible resilience. the markets will be volatile while all this plays out could be a very tight autumn and winter in europe and other economies? winter in europe and other economies? then the global economy economies? then the global economy is economies? then the global economy is in economies? then the global economy is in for economies? then the global economy is in for a - economies? then the global economy is in for a massive | economy is in for a massive test even the us economy which has showed incredible resilience but recession talk is starting to creep over, europe it is far more prominent. the difference between the two, as the energy crisis, europe relies on russian energy in the risk that comes with gas in storage levels and prices this winter will be a massive headwind as far as europe is concerned. it is that and other things being factored into the currency and weighing on these markets. la ....