The amount of coal on hand is at the lowest level in years, and so are inventories of natural gas. What gives?
Despite Russia’s still high foreign exchange reserves and still strong balance sheet.
It makes an already terrible situation a lot worse.
Theories abound why this is suddenly happening, after years of deceptive calm.
By ISA Intel: The whole sector has taken a hit.
The EU has the grand task of preparing for energy shortages.
What the heck are we going to do with the vast quantity of toxic, radioactive wastewater fracking produces?
The world is once again experiencing a period of oversupply.
They close a loophole that allowed Exxon to begin drilling Russia’s first exploratory well in the arctic Kara Sea – a well that might be shut down in two weeks.
The slowing economy is only part of the reason.