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Offline rangerrebew

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Oil prices: Expect a 'few years of pain' after 2022, analyst says
« on: September 26, 2022, 05:51:53 am »
Oil prices: Expect a 'few years of pain' after 2022, analyst says
Ines Ferré - Yesterday 8:00 AM


Although crude oil prices plunged on Friday, energy costs in the coming years could be a different story, an oil analyst says.

“I think the energy transition is going to be moving into another quarter,” Tom Kloza, Global Head of Energy Analysis told Yahoo Finance Live (video above). “That is going to herald really the next few years of pain.”

Russia's invasion of Ukraine has kept oil and other energy costs at historically elevated levels as Europe is forced to dislodge its dependency on Russian natural gas.

After Russian President Vladimir Putin called for a partial military mobilization earlier this week, Kloza noted that Russia cutting off the flow of crude oil and refined products is "still very, very much a threat."

https://www.msn.com/en-us/money/markets/oil-prices-expect-a-few-years-of-pain-after-2022-analyst-says/ar-AA12dwdB?ocid=msedgntp&cvid=301a342a80ca4803a7df9cbd79020f3c
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline rangerrebew

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Re: Oil prices: Expect a 'few years of pain' after 2022, analyst says
« Reply #1 on: September 26, 2022, 05:53:06 am »
Does a "few years" equal a lifetime? :shrug:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address
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