‘Energy security, in terms the consumer understands, needs to address three things: reliability, affordability, and acceptability, in that order. These terms apply to a nation state’s understanding of energy security, both because a citizenry not achieving these things will rapidly object and because a nation state is quickly made vulnerable by the instability that comes when energy is no longer reliable, affordable, or acceptable.’
The new oil deposit has been found by MOL in collaboration with another Hungarian company, O&GD Central Ltd. The new site is currently producing around 1,000 barrels of crude oil per day.
The two-hundredth aircraft has arrived at Wizz Air, reducing the average age of the airline’s fleet to 4.2 years. The new Airbus A321neo model is joining the London–Luton airport base, the company announced.
The statement quoted Wizz Air CEO József Váradi as commenting that receiving the CAPA international sustainability award for the second consecutive year is a great honour. The recognition confirms the company’s commitment to reducing their carbon intensity by an additional 25 per cent by 2030.
Carsharing is a simple, user-friendly and cost-effective alternative to owning a personal vehicle. All it requires is a smartphone and a credit or debit card.
Wizz Air announced a partnership with Firefly Green Fuels. Firefly produces sustainable aviation fuel from sewage sludge. The aim of the partnership is to further decrease the carbon footprint of the aviation company.
MOL Chairman Hernádi added that he expects the lifting of the price cap to have an almost instant effect, with consumers seeing stability of supply return in a month.
In order to help ensure supply, Hungary has decided to restrict eligibility for price-capped fuel and will release a fourth of its strategic oil reserves.
Fuel prices soar across the West and there is no end in sight yet. As the patience of the people toward their helpless governments starts to run dry, there seems to be only one outlier – Hungary.
Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.