Demand Shock Behind Global Bottlenecks Should Ease in Months -WTO
Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization's chief economist said on Monday.The WTO had thought in October that demand for goods would slow early in 2022. However, that was before the Omicron variant of coronavirus led to curbs on activity, including the postponement of the WTO's ministerial meeting.Chief economist Robert Koopman said consumers had then continued…
Marine Renewable Energy Begins to Take Off in 2012
The U.S. lags behind Europe in the development of offshore wind (OSW) projects in part due to the lack of a mandatory national renewable energy standard and other tax incentives. But, the Obama Administration has set its own voluntary goal of producing 80% of the nation’s electricity from clean sources by 2035. And, various federal agencies have worked diligently to promote new sources of energy, including OSW and tidal and wave energy. This year, we anticipate the first new commercial leases for wind off the Atlantic Seaboard (since Cape Wind)…
Congress Provides Opportunity to Bring More Natural Gas
EnerSea Transport L.L.C., innovators of a new compressed natural gas (CNG) transport technology, applauded House Members for today's passage of H.R. gas to offshore offloading terminals in the United States. EnerSea's Managing Director. "This bill provides a mechanism to develop and bring to US consumers natural gas that currently is stranded. natural gas.
