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Europe’s Warm Winter May Not Be Such Good News For Energy

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The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted. The problem is that some of those analysts are adding the qualifier “For now.” The European Commission boasted an over 20-percent decline in demand in gas consumption on the continent over the period between August and November last year. This was not just a result of warm weather but also concerted action by European…

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