Oil markets tighten as Russia exports shrink
Higher prices are the real risk ahead
Higher prices are the real risk ahead
The earlier world leaders acknowledge that fact, the better it will be for the entire world
The world requires abundant, reliable, affordable energy to thrive
How did things get so bad, so fast?
We’d be comfortable had oil stayed at US$70. Which would also have meant lower Russian oil revenues
And OPEC is in no mood to open taps to fill in any gaps created by the absence of Russian crude
Full European Union ban on Russian oil could have unintended economic consequences for the West