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=E2=80=98We might not have seen worst=E2=80=99 of global energy crisis, wa= rns IEA chief
Published: July 12, 2022 at 8:10 a.m. ET
By William Watts
=E2=80=98This winter in Europe will be very, very difficult=E2=80=99: IEA= =E2=80=99s Birol
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=E2=80=98The world has never witnessed such a major energy crisis in terms = of its depth and complexity. We might not have seen the worst of it yet =E2= =80=94 this is affecting the entire world.=E2=80=99
=E2=80=94 Fatih Birol, executive director, International Energy Agency
The U.S. oil benchmark may have dipped back below $100 a barrel again on Tu= esday, but Fatih Birol, head of the International Energy Agency, was in no = mood to sound the all-clear.
Speaking at a global energy forum in Sydney, Birol said the current turmoil=
could speed a transition to renewable energy, but warned that the potentia= l for significant pain lies ahead, Bloomberg reported.
=E2=80=9CThis winter in Europe will be very, very difficult,=E2=80=9D Birol=
said, calling the crisis a =E2=80=9Cmajor concern=E2=80=9D that =E2=80=9Cm= ay have serious implications for the global economy.=E2=80=9D
Dutch natural-gas futures have pulled back this week after Canada said it w= ould allow the export to Russia of a turbine needed for the maintenance of = the Nord Stream 1 gas pipeline despite sanctions. But futures prices remain=
more than triple the level at which they traded before Russia=E2=80=99s in= vasion of Ukraine toward the end of February, with traders concerned that t= here was no guarantee Moscow would resume full gas deliveries once the work=
on Nord Stream 1 ended.
Compared to other regulars, Bozo contributes practically nothing
except insults to this group.
The troll doesn't even know how to format a USENET post...
The reason Bozo cannot figure out how to get Google to keep from
breaking its lines in inappropriate places is because Bozo is
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