Sunday, November 16, 2014

Europe Faces Cold Winter After Longest Warm Spell Since 1964

Temperatures in Europe are forecast to be warmer than average this month in the mildest year since 1964 before plunging below normal this winter, potentially pushing up power and natural gas prices.

Six of seven forecasters surveyed by Bloomberg predict November to be milder than normal across Europe, marking 10 months of above-average temperatures this year. December through February is expected to be the 10th-coldest winter since 1981, according to MDA Information Systems LLC .... http://www.businessweek.com