Britain’s Labour Party adopted the song “Things can only get better” as its campaign anthem for the 1997 general election, expressing the party’s ambitions for governing after 18 years in the wilderness of opposition. Global oil refiners struggling with enormous stocks of distillate fuel oil as a result of a warm winter and the slowdown in world trade may be tempted to share the same sentiment about the winding down of El Nino. The strongest El Nino conditions since 1997, and one of the strongest since 1950, have contributed to an unusually mild winter in North America, slashing consumption of heating oil ( ). So far this winter, heating demand across […]