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Governments Can No Longer Afford To Leave Energy Security To Market Forces — Alex Kimani

Summary:
When capitalism doesn't cut it.Russia’s invasion of Ukraine has created an energy crisis in Europe and global energy markets will never be the same.The new world energy order will be defined by government intervention on a scale not seen in recent memory.European governments will have to work hard to avoid excessive government interventions in energy markets that might exacerbate the energy crisesActually, the increasingly threatening effects of climate change were a more significant wakeup call than war, although historically war has justified increased government intrusion in the economy. Now the world is facing a dual threat, either of which could lead to extinction or at least mass culling of the population and realignment of the ecosystem.The dual threat implies that the world's

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When capitalism doesn't cut it.
  • Russia’s invasion of Ukraine has created an energy crisis in Europe and global energy markets will never be the same.
  • The new world energy order will be defined by government intervention on a scale not seen in recent memory.
  • European governments will have to work hard to avoid excessive government interventions in energy markets that might exacerbate the energy crises
Actually, the increasingly threatening effects of climate change were a more significant wakeup call than war, although historically war has justified increased government intrusion in the economy. Now the world is facing a dual threat, either of which could lead to extinction or at least mass culling of the population and realignment of the ecosystem.

The dual threat implies that the world's leaders are caught in a double-bind trying to address both at once. Climate change requires concerted action, while war places the highest priority on ramping up use of existing energy sources, which are chiefly carbon-based.
 
Oilprice
Governments Can No Longer Afford To Leave Energy Security To Market Forces
Alex Kimani
https://oilprice.com/Energy/Energy-General/Governments-Can-No-Longer-Afford-To-Leave-Energy-Security-To-Market-Forces.html

See also


CBS News
Biden announces new efforts to fight climate change in Massachusetts visit
https://www.cbsnews.com/live-updates/biden-climate-change-massachusetts-watch-live-stream-today-2022-07-20/
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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