Europe has an energy problem, and it could get worse once winter grips the continent. Gas and electricity prices are soaring, windmills are standing idle for lack of wind and shuttered coal-fired power plants are being brought back into use. There are even suggestions to use diesel generators for private generation. But oil isn’t the solution to the continent’s energy woes.
High natural gas prices are creating incentives for fuel substitution that could boost oil demand, according to Jeff Currie, global head of commodities research at Goldman Sachs. Although that’s true on a global scale, it may not provide much respite for European consumers, who have little scope to switch generators from gas to liquid fuel.
"low" - Google News
September 19, 2021 at 12:00PM
https://ift.tt/3klkNyk
Winter Is Coming and Europe Is Running Scarily Low on Gas - Bloomberg
"low" - Google News
https://ift.tt/2z1WHDx
Bagikan Berita Ini
0 Response to "Winter Is Coming and Europe Is Running Scarily Low on Gas - Bloomberg"
Post a Comment