Fortune (September 24)
“Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired.” With winter, it looks certain to get even worse. “Even the slightest uptick in energy demand… could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.”
Tags: Backfired, Cheap, Crisis, Dangerous, Devastating, Economies, Energy demand, Europe, Gas, High prices, Manufacturing, Pronounced, Russia, Unemployment, Uptick, Winter, Worse
Houston Chronicle (June 8)
“The coronavirus pandemic and the unprecedented plunge in energy demand has forced oil companies to shut down wells by the thousands, providing another test of a shale industry that restored the U.S. as a leading global producer and spurred Houston’s economy for more than a decade.”
Tags: Coronavirus, Energy demand, Oil companies, Pandemic, Plunge, Shale, Shut down, U.S., Unprecedented, Wells
