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Will the world be able to cope without oil from Russia?



As Russia increases its aggression with neighboring Ukraine, many nations are now blocking imports of Russian oil and gas – so what does this mean for you?

The United States, United Kingdom, and EU have announced that they will restrict Russian oil imports as a sanction of the Kremlin’s war in Ukraine.

But as those imports are stopped, the price of fuel is rising, with many consumers already feeling the pinch as their weekly fill up at the bowser becomes more expensive.

Recent moves by major countries came after Russia warned it could cut off gas supplies to European countries if an oil ban were to go ahead. So what sanctions have been imposed thus far, and how do they impact you?

Fuel sanctions imposed on Russia are sending the price rising.

Current sanctions on Russian oil and gas?

The White House has announced a complete ban on Russian oil, gas, and coal imports – that ban coming after Ukraine’s President Zelensky requested for sanctions by the West to be even harsher.

Britain will begin to phase out Russian oil by the end of the year, and the EU is reducing its imports by two-thirds.

The UK government says this allows enough time for them to find alternative supplies.

The BBC quoted Deputy Russian Prime Minister Alexander Novak when he stated that rejecting Russian oil would lead to “catastrophic consequences for the global market”.

Fuel prices are set to rise due to the ongoing conflict in Ukraine.

What sanctions mean for rising fuel prices

Oil and gas prices have already risen sharply and could rise even more.

But while the price will rise, the world should be able to cope without Russian supply, due to the mass production in the United States, Middle East and China.

The US is one of the biggest oil producers in the world, with 16.5 million barrels of oil able to be produced in a single day according to data collected by Bloomberg.

Data shows that Russia is the third biggest producer of oil in the world, behind the US and Saudi Arabia.

Of about five million barrels of crude oil it exports each day, more than half of that goes to Europe.

America is less reliant, with about 3% of the country’s imported oil coming from Russia in 2020 alone.

The West continues to sanction Putin.

The consequences if Russian gas stopped flowing into Western Europe?

Should Russian gas stop flowing into Western Europe, the consumer will be the one to mostly feel the impact. The price to heat up your house – which is already high – would increase even more.

That’s because Russian gas accounts for about 40% of the EU’s natural gas imports.

Should this be dried up, Italy and Germany would be especially vulnerable.

Europe will feel the pinch of rising prices to heat a house.

So does Europe have a backup plan?

The EU could turn to other gas exporters to obtain supply – such as Qatar – or Algeria and Nigeria.

Russia only provides about 5% of the UK’s gas supplies, and the US doesn’t import any Russian gas.

However, prices in the UK and US are still up significantly due to the knock-on effect of supply shortages.

So unless you were to transition to clean energy such as driving an electric vehicle like a Tesla, or using solar panels for your home, expect to pay more during the time of this war.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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How Elon Musk built his empire



A plane arrives in China. On board, one of the world’s richest men. He’s come to convince authorities that he should be allowed to set up a brand new factory.

He is Elon Musk.

And this is his first trip to China in three years.

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Amazon employees walk out to protest office policies



Staff at warehousing giant Amazon have walked off the job to protest the company’s return-to-office program

Over 1,900 Amazon employees pledged to protest globally over proposed changes to the company’s climate policy, layoffs and a return-to-office mandate.

The activist group behind the rally is known as Amazon Employees for Climate Justice (AECJ), who are seeking a greater voice for employees.

“Our goal is to change Amazon’s cost/benefit analysis on making harmful, unilateral decisions that are having an outsized impact on people of color, women, LGBTQ people, people with disabilities, and other vulnerable people,” organisers said.

Over 100 people gathered at the heart of Amazon’s Seattle headquarters on Wednesday. The company said it had not witnessed any other demonstrations.

AECJ said the walkout comes after Amazon made moves “in the wrong direction”.

The company recently has recently overturned a desire to make all Amazon shipments net zero for carbon emissions by 2030.

The company maintains a pledge on climate change.

Amazon spokesperson Brad Glasser told Reuters the company is pursuing a strategy to cut carbon emissions.

“For companies like ours who consume a lot of power, and have very substantial transportation, packaging, and physical building assets, it’ll take time to accomplish.”

AECJ protesters also sought support for the 27,000 staff, who had lost their jobs in recent months —around 9 per cent of Amazon’s global workforce.

The company has also mandated a return-to-office program.

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The Great Resignation vs. The Great Burnout



As employees recover from the height of the pandemic, the Great Resignation has come to light

The pandemic saw the term ‘the great resignation’ coined as thousands of people resigned from their jobs across the U.S. in 2021 and 2022.

Karin Reed, the author of ‘Suddenly Hybrid said the great resignation was a period of employees taking control of their future.

“A lot of people realised in their current environment they were not happy with what they were doing with their job. They chose to vote with their feet and go elsewhere,

In other parts of the world, a spike in resignations was not reported.

However, a higher degree of workers began reporting post-Covid burnout, as they made a return to the office.

“There’s been a blurring of the lines. You have work that’s not confined by a physical space.

“Instead of closing the computer and walk away, our computer is in the next room.”

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