For the first time since 1995 oil production in US has topped import of hydrocarbons, Jay Carney, the White House speaker, told journalists yesterday.
“This is a result of increase in oil production and policy pursued by the US administration,” he said. He cited an example of toughening of standards of automobile fuel consumption, which allowed reducing oil consumption, pollution of environment with carbonic acid and reducing the consumers’ costs.
The new strategy of energy safety has been worked out since Barack Obama’s coming to power. It, particularly, envisages reduction of foreign oil import by one third during ten years and increase in local production of hydrocarbons. President offered to reduce energy resources consumption and invest in development of such alternative sources, as geothermal, solar and wind power, bio fuel and production of more efficient and ecologically clean cars, reported http:///www.itar-tass.com.--0--
Economics
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As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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