Originally Posted On: https://www.digitalwildcatters.com/the-global-energy-crisis-explained/
In this special episode on the global energy crisis, Trisha Curtis takes you through the global energy markets to explain how this rise in energy prices happened and why it matters.
This episode starts with oil prices and OPEC Plus and their decision to maintain output increases of 400,000 bd on October 4, 2021.
From there, Trisha dives into the global energy crisis, discussing the nuances of the European and UK market, lack of storage, weather shifts, wind, and hydropower, and dovetails this into what is happening in China.
She explains China’s recent weather, drawdowns in coal, and reduced hydro and wind power, further exacerbating this perfect energy crisis storm. Trisha rounds this out by talking about economic growth, inflation, and risks to energy prices and economic growth.
Of course, the latest White House Press Briefing is mentioned. And the closer is on China and their housing, real estate, and property bubble that most do not want to believe is a problem.