Skyrocketing Energy Prices Bring Back Bad 1970s Memories etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
Covid-19 has actually accelerated energy transition
Feb 27, 2021 11:30:am
Summary
by: Charles Ellinas
Covid-19 has actually accelerated energy transition
The Atlantic Council (AC) held its annual Global Energy Forum at Abu Dhabi end of January. The main speakers were the world’s top energy and foreign policy decision makers, who examined the longer-term geopolitical and geo-economic implications of the changing energy system, setting the global energy agenda for the year ahead. The key findings are presented in this article.
A year after the last forum, the Covid-19 crisis still hangs over the world with public health and economic consequences. But hopefully, with the spread of vaccines and treatments, we will soon be seeing the light at the end of the tunnel. That also applies to the world energy crisis.
point on this and keystone is one of them and iran, is a powder keg for the region and for the white house. that is total lg out of the president s hands how that unfoelds, good news here, in economic terms there s a piece of language called oil intensity. that is the measure of how much if price of oil effects the economy. oil intensity has been going down over the past several decades. so the economy is not as subject to price pressure on oil as it used to be because of increased domestic production and vehicle efficiency, so a rise in gas prices in the short-term does not necessarily effect the economy as dramatically as it would have a few years ago. that is the silver lining here for the obama team. i think that oil intensity was up because of the campaign. thank you for setting us straight, the man with all the