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Often these capital inflows are caused by foreign direct investment or to finance a country's debt. However, evidence does exist suggesting that unexpected and very large oil and gas discoveries do cause the appreciation of the real exchange rate and the decline of the lagging sector across affected countries on average. [12]
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2000–2001 California electricity crisis – Caused by market manipulation by Enron and failed deregulation; resulted in multiple large-scale power outages; 2000–2008 North American natural gas crisis; 2004 energy crisis in Argentina; 2005, 2008 China experienced severe energy shortages towards the end of 2005 and again in early 2008.
Since bumping up against support at 2.75 in mid-September, liquified natural gas price have jumped 18 percent, hitting a high above $3.20 for the first time since February. Prompting this is news ...
Natural gas (mostly methane) is an even more potent greenhouse gas when it escapes into the atmosphere prior to being burned. Since the industrial age began circa 1750–1850 with growing wood and coal use, the atmospheric concentration of carbon dioxide and methane have increased about 50% and 150%, respectively, above their relatively stable ...
Natural gas prices are down nearly 40% year to date amid a glut in supply and a milder-than-expected winter. But analysts see an upside for the commodity going into the end of the year — in part ...
In 2011, world proved gas reserves were enough to last 58 years at 2011 production levels, even though the 2011 production rate was more than double the 1980 rate. [2] At current consumption levels, there are 52 years of proven gas reserves left. [3] However, proven gas reserves have been consistently increasing over time. [3]
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