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Senator seeks probe of natural gas price spikes during storm

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WASHINGTON – A Democratic senator is calling for federal investigations into possible price gouging of natural gas in the Midwest and other regions following severe winter storms that plunged Texas and other states into a deep freeze that caused power outages in millions of homes and businesses.

Minnesota Sen. Tina Smith says natural gas spot prices spiked as high as 100 times typical levels, forcing utilities and other natural gas users to incur exorbitant costs, many of which were passed on to customers.

In a letter sent Saturday to federal regulators, Smith said the price spikes will not just harm consumers, but could “threaten the financial stability of some utilities that do not have sufficient cash reserves to cover their short-term

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World leaders express outrage over Russia's 'barbaric attack' on Ukraine
BRUSSELS - World leaders expressed a raw outrage shrouded by an impotence to immediately come to the aid of Ukraine to avoid a major war in Europe, condemning Russia’s attack on its neighbor as the European Union and others promised unprecedented sanctions to hit the Kremlin.European Commission President Ursula von der Leyen called it a "barbaric attack" on an independent nation that also targeted "the stability in Europe and the whole of the international peace order." The EU will hold an emergency summit in Brussels, where NATO is also meeting after Poland and the Baltic nations bordering Russia and Ukraine called for an urgent session.But no one promised to move in militarily and defend Ukraine as it could touch off a major European war. Russian President Vladimir Putin warned anyone listening that any interference would "lead to consequences you have never seen in history."So instead, most of the world — but not China — condemned and threatened to hit the Russian elites with, in the words of EU foreign policy chief Josep Borrell, "the strongest package, the harshest package of sanctions we have ever implemented.""A major nuclear power has attacked a neighbor country and is threatening reprisals of any other states that may come to the rescue," Borrell said.
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