Energy crisis? What experts are saying as world faces historic energy-price crunch Prices of fossil fuels around the globe are surging, leading some commodity pros to refer to the current condition as an “energy crisis” that could have far-reaching implications for American consumers.
It also carries implications for energy policy as the U.S. — and the rest of the world — attempts to wean itself off crude oil and its byproducts and transition to renewable sources of power.
Energy assets from natural-gas futures NG00, 1.86% to crude-oil CL.1, 0.26% have been trading at or around multiyear highs, with the ascent notable for its pace and severity.
Nov. 2020'2123456$7
“It’s almost like everything that could go wrong, did go wrong,” Helima Croft, global head of commodity strategy at RBC, told MarketWatch in a phone interview. “It’s a multifaceted story,” said the energy specialist and former senior economic analyst at the Central Intelligence Agency......................
https://www.marketwatch.com/story/energy-crisis-what-experts-are-saying-as-world-faces-historic-energy-price-crunch-11634161109?mod=home-page
