Grease Monk-eh!

Demand for energy has returned as economies reopen but supply has not been able to keep up. CNN’s Matt Egan breaks down why. Source: CNN

The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic. Source: CNN

British companies that produce steel, paper, glass, cement, ceramics and chemicals say they will be forced to close factories or pass on rising costs to consumers unless the UK government provides relief from soaring energy prices. Source: CNN

Goldman Sachs is becoming increasingly pessimistic about the US economy as coronavirus support from the government phases out and consumer spending remains on an uncertain path. Source: CNN

Flooding in northern China is hitting a major coal production center hard, sending coal prices soaring and complicating efforts by Beijing to tackle ongoing power shortages. Source: CNN

Out-of-work Americans did not rush back into the job market after beefed-up unemployment benefits ended nationwide in September. Source: CNN

In a speech in Michigan on Tuesday and again in a speech back in Washington on Friday, President Joe Biden touted the potential economic impact of his two major current legislative proposals: a $1 trillion bipartisan infrastructure bill and a larger, still-being-negotiated Democratic reconciliation package that would expand the social safety net in various ways. Source: CNN

The supply chain nightmare that’s been plaguing the global economy for over a year is about to snarl the holiday shopping season. Think barren shelves, massive shipping delays, and no small amount of sticker shock. Merry Christmas, everyone! Source: CNN

If you hoped grocery stores this fall and winter would look like they did in the Before Times, with limitless options stretching out before you in the snack, drink, candy and frozen foods aisles, get ready for some disappointing news. Source: CNN

Ireland has dropped its opposition to a global treaty that would tax large multinationals at a minimum rate of 15% and require companies to pay taxes in the countries where they make money. Source: CNN