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Jul 5, 2022

Norway strike hits already fragile energy market

From the BBC World Service: A strike of offshore workers in Norway is likely to cause a significant reduction in oil and gas destined for Europe. In neighboring Finland, a sand battery may hold the key to how we can use renewable energy when the weather doesn’t cooperate. And as President Biden is considering lifting some tariffs on China, U.S. Treasury Secretary Janet Yellen holds talks with the Chinese Vice Premier.

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An aerial view taken from an helicopter during a media visit shows five platforms over the Johan Sverdrup oil field in the North Sea some 140 kilometres west from the town of Stavanger, Norway, on December 3, 2019. - Norway's King Harald will formally inaugurate the field in January 2020, but production began back in early October 2019 and 350,000 barrels are already being pumped up per day. 
Fifty years after the Scandinavian country first struck black gold, the field holds the promise of another half-century of oil business, despite growing opposition to fossil fuels. (Photo by Tom LITTLE / AFP) (Photo by TOM LITTLE/AFP via Getty Images)
An aerial view taken from an helicopter during a media visit shows five platforms over the Johan Sverdrup oil field in the North Sea some 140 kilometres west from the town of Stavanger, Norway, on December 3, 2019. - Norway's King Harald will formally inaugurate the field in January 2020, but production began back in early October 2019 and 350,000 barrels are already being pumped up per day. Fifty years after the Scandinavian country first struck black gold, the field holds the promise of another half-century of oil business, despite growing opposition to fossil fuels. (Photo by Tom LITTLE / AFP) (Photo by TOM LITTLE/AFP via Getty Images)

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