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Keyword: cathybussewitz

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  • Europe plan for floating gas terminals raises climate fears

    08/31/2022 8:23:30 AM PDT · by Oldeconomybuyer · 40 replies
    The Associated Press ^ | August 31, 2022 | By CATHY BUSSEWITZ
    NEW YORK (AP) — As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel. Yet the plan, with the first floating terminals set to deliver natural gas by year’s end, has raised alarms among scientists who fear the long-term consequences for the environment. Some scientists say they worry that the floating terminals will end up becoming a long-term supplier of Europe’s vast energy needs that could last...
  • OPEC nations grapple with oversupply of oil

    12/04/2019 9:33:00 AM PST · by Olog-hai · 24 replies
    Associated Press ^ | December 4, 2019 | Cathy Bussewitz
    The world may be heading for an even greater oversupply of oil, and that possibility — which could drive down fuel and energy prices — is hanging over members of the OPEC cartel as they head into negotiations Thursday. The oil-producing nations will decide whether to stick with production cuts they’ve endured for the past three years, relax them or deepen them in the hopes of propping up prices. […] Brent crude oil hovered around $61 per barrel Wednesday afternoon. Prices have fluctuated throughout the year, reaching nearly $75 per barrel in April after U.S. sanctions on Iran and Venezuela...