Newsweek (November 17)
U.S. families “are struggling to keep up with rising utility costs” amid “persistent high prices for many groceries and other items.” Rising utility debt “has developed into a significant economic and political issue, which may affect the White House administration’s credibility on affordability, especially as voters have cited cost-of-living as their top concern in recent elections.” Monthly energy bills have risen 12% between April and June of 2025, with “nearly one in 20 U.S. households now facing utility debt severe enough for collection agencies to become involved.”
Tags: Affordability, Cost of living, Credibility, Debt, Elections, Energy bills, Families, Groceries, High prices, Household, Struggling, U.S., Utility costs, Voters, White House
Fortune (September 24)
“Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired.” With winter, it looks certain to get even worse. “Even the slightest uptick in energy demand… could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.”
Tags: Backfired, Cheap, Crisis, Dangerous, Devastating, Economies, Energy demand, Europe, Gas, High prices, Manufacturing, Pronounced, Russia, Unemployment, Uptick, Winter, Worse
New York Times (July 14)
President Biden is in the Middle East hoping production may be increased, “but the oil crunch may already be easing. A report yesterday from the International Energy Agency suggests that the worst of the supply crisis may be over.” The IEA slashed its demand forecasts “for this year and next, pointing to high prices that would reduce consumption and slow the global economy.”
Tags: Biden, Consumption, Demand, Easing, Forecasts, Global economy, High prices, IEA, Middle East, Oil crunch, Production, Supply crisis
