- "Buyers in Europe, Asia and Latin America are competing for limited supplies of gas, racing to fill tanks and caverns with the fuel before winter hits the Northern Hemisphere.
"Natural gas stocks are alarmingly low around the world, and prices in most places have never been higher after surging to new records in Europe and Asia this week. Demand has jumped as economies have bounced back from pandemic shutdowns ..." - "Shippers are diverting tankers to the highest bidder, ..."
Edward Millner's blog. It contains links to articles for students taking Principles of Microeconomics and Managerial Economics. It also contains links to articles about politics. The opinions here are mine. No one at VCU reviews or approves what I post.
Friday, October 15, 2021
Natural-Gas Shortage Sets Off Scramble Ahead of Winter
This article describes what happens when increases in demand lead to shortages of natural gas (WSJ, Oct. 2021). Some money quotes follow.
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