Western Europe: Gas Fever & Coal Chills

WESTERN EUROPE

Europe's newly discovered riches of natural gas are creating a major upheaval in the world's fastest growing energy market. Across the Continent, the new gas finds are lighting an investment fever and bringing some chills to a vulnerable competitor, coal. As estimates grow of the size of The Netherlands' mammoth Groningen gas field (widely regarded as twice the official 1.1 trillion cubic meters), and as oilmen probe the bottom of the North Sea for what may be even larger deposits—one big one was hit last week off the West German island...

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