Latest Energy subsidies News

Venezuelans buy gas with cigarettes to battle inflation

Oct. 26, 2019 11:21 AM EDT

CARACAS, Venezuela (AP) — Motorists in socialist Venezuela have long enjoyed the world's cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a...

Venezuelans buy gas with cigarettes to battle inflation

Oct. 25, 2019 9:33 PM EDT

CARACAS, Venezuela (AP) — Motorists in socialist Venezuela have long enjoyed the world's cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a...

Is boom, then slump, behind fiery Latin American protests?

Oct. 24, 2019 5:03 AM EDT

Chile is one of the richest countries in the region. Haiti is the poorest. Ecuador has a centrist government. Bolivia's is socialist. Yet, from Port-au-Prince to Santiago, furious demonstrators were marching this week to demand fundamental change, part of a wave of often-violent protests that has set tires,...

Venezuelans buy gas with cigarettes to battle inflation

Oct. 22, 2019 12:02 AM EDT

CARACAS, Venezuela (AP) — Motorists in socialist Venezuela have long enjoyed the world's cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a...

After ending protests, Ecuador faces dire economic outlook

Oct. 15, 2019 6:17 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces an even tougher challenge. Ten years of populist rule and a drop in oil prices have left Ecuador with a $64 billion public...

Ecuador crisis weakens president, strengthens indigenous

Oct. 14, 2019 9:41 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...

Regulators ask for expedited power grid reliability study

Oct. 14, 2019 6:10 PM EDT

BILLINGS, Mont. (AP) — Utility regulators from three states used nearly identical language in letters urging the Federal Energy Regulatory Commission to speed up its study on the effects of upcoming coal-fired power plant closures on the U.S. power grid. The Billings Gazette reports the language appeared...

Ecuador indigenous, president strike deal to end protests

Oct. 13, 2019 11:14 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.  Under the agreement announced just before 10...

President orders army onto streets of Ecuadorian capital

Oct. 13, 2019 12:07 AM EDT

QUITO, Ecuador (AP) — Ecuador's army took to the streets after President Lenín Moreno ordered the first 24-hour curfew in decades in response to a day of attacks on government buildings and media offices. By Saturday night, soldiers had retaken control of the park and streets leading to the National...

The Latest: Ecuador's president offers some concessions

Oct. 12, 2019 11:25 PM EDT

QUITO, Ecuador (AP) — The Latest on Ecuador's political crisis (all times local): 10:25 p.m. President Lenín Moreno has announced some possible concessions in an economic package that was opposed by many Ecuadorians. But he says he won't restore fuel subsidies, whose removal had triggered nationwide...