The U.S. Might Need To Increase Electricity Generation By 480%
1. Brussels Investigates Traders’ Gas Profit-Making- According to media reports, the European Central Bank is investigating the use of derivatives by European energy companies to generate huge profits on soaring power and fuel prices. - German utility company Uniper came under closer scrutiny after it reported a $14 billion loss in H1 2022, setting the stage for its $40 billion markdown in Jan-Sep, the worst result for any German company on record. - Brussels argues that strict rules applying to banks should be extended to trading firms,…