The “New” Energy Crisis Undermines Conventional Wisdom
TREND #3
Until recently, energy was cheap and abundant, especially in North America. But since early 2021, energy prices have soared, and availability has become increasingly uncertain. That is making the global economic recovery more difficult and contributing to surging inflation.
To understand what’s happening, we need to recognize that the unprecedented rise in human health and wealth since 1946 has been made poss.....
Until recently, energy was cheap and abundant, especially in North America. But since early 2021, energy prices have soared, and availability has become increasingly uncertain. That is making the global economic recovery more difficult and contributing to surging inflation.
To understand what’s happening, we need to recognize that the unprecedented rise in human health and wealth since 1946 has been made poss.....
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