Commodities: Why energy price surge might shrug off even global recession - The Australian Financial Review


7/5/2022 12:00:00 AM3 years 8 months ago
by Kenneth Rogoff

Energy prices will remain elevated and volatile until a robust carbon price is able to fast-track alternative green investments away from fossil fuels.

And the pandemic was the mother of all shocks, bringing about the biggest sustained shift in demand since World War II. Before COVID-19, global oil demand was about 100 million barrels a day, but loc… [+4673 chars]

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