Regardless of how high energy prices go over the next three months, what’s important to note is that inflation isn’t going to get any better for America or, for that matter, any part of the world. Barring need, if the premise of demand is that one would only be able to pay what one could afford, then demand destruction is likely to set in if oil and natural gas prices keep rising and rising. Of course, it can be argued that without gas or oil to heat homes during an intense winter storm like this year’s Texas Blitz, people will die.
Europe is facing soaring electricity prices as a result of poor strategic planning and rushed energy-transition decisions, and it’s now left with a couple of tough decisions as the heating season nears
Australia is the world’s no.1 uranium producer, but surprisingly enough, it doesn’t produce nuclear power on a meaningful scale