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European pressures highlight meeting on energy markets

12/06/2010
by Bob Tippee, EditorDebt pressures in Europe enhance the importance of low-profile meetings held Nov. 22-23 in London on interactions between physical and financial markets in energy.After Ireland in November joined Greece in seeking international rescue from unmanageable debt, contagion fear engulfed the eurozone. At this writing, investors were unloading bonds from Spain and Portugal. Questions loomed about adequacy of a $1 trillion cushion established earlier in the year by the EU and IMF. Analysts wondered about levels of commitment by solvent European countries. The prospect of a euro weakened further against the dollar has implications for the price of oil. Since the financial coll...
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