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...years, and until this past spring, it pretty much had no alternative. Without a pipeline or even facility to receive natural gas on the West Coast, it had no way of reaching the lower 48 states. As a result, producers sent whatever wasn't used locally - 28% of total output last year - to a Liquified Natural Gas (LNG) plant on the Kenai Peninsula, where gas was chilled to a liquid state and put on tankers for Japan and other Pacific rim countries...
...producers have their way, oil prices could start rising again. Their growing anxiety erupted early this week, when Iranian and Venezuelan officials warned that if Opec waited much longer before cutting its output, it could face another massive price collapse. On Thursday, Opec officials scheduled an emergency meeting in Vienna for Nov. 18 rather than wait until the cartel's scheduled summit in Algiers in early December. In the meantime, the world's biggest oil producer, Saudi Arabia - which increased production in the summer - has already begun loading less oil on its tankers, according to global oil figures...
...literary output and his blend of fiction and ethics - he took up environmental causes long before they entered the collective consciousness - have made him one of the most popular writers in France. As far back as 1994, a poll by a French literary magazine found Le Clézio listed as the greatest writer in the French language. (Never one to show much, if any, emotion, Le Clézio responded to the result by saying, "I would have put Julien Gracq...
...professional services linked to finance, such as accounting, law and management consultancy, and the total rises to 14%. And that's for Britain as a whole. For London, finance has been even more important: It now accounts for almost one-fifth of the city's total output, and perhaps as much as one-third if professional services are included. That's far more even than New York, where financial services are about 15% of the local economy...
...capital at the mercy of the ups and downs of the moneymen. As finance has soared as a proportion of the local economy, it has eclipsed other sectors. London was once a major center for industry, for example, but manufacturing now accounts for just 6% of the city's output, half the proportion of two decades ago. Has London become too reliant on a single industry, putting all of its eggs into one volatile basket? "Obviously people see it as a risk, and if there's a prolonged downturn, it will become an issue," says Andrew Goodwin, a senior economist...