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Nothing highlights the value of energy more than the rapidly coming winter.
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When the temperature drops, it is clear that there is a shortage of energy, and efforts are made worldwide to protect it.
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The competition for energy is fiercer than ever this year.
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The goal of quantitative easing was to reduce the pandemic's effects, and the outcome was an historically unprecedented rise in the M2 money supply.
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This decision reduced purchasing power, increased energy prices, and set off a crisis that will peak this winter.
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According to CryptoSlate analysis, the E.U. will probably suffer the most from the oil crisis.
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This year, the European Central Bank (ECB) has struggled to control core inflation.
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Due to the pandemic in the U.S. and the E.U., the Core Consumer Price Index (CPI) started to rise significantly in 2021.
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Since its peak in February, the Core CPI in the United States has sharply decreased, and last month's results were better than anticipated.
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However, the Core CPI in the Eurozone has risen consistently throughout the year and is still rising as of this writing.
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