The price of energy from all sources conventional is exploding globally. Far from accidental, it is a well-orchestrated plan to collapse the industrial world economy that has already been weakened dramatically by almost two years of ridiculous covid quarantine and related measures.
What we are seeing is a price explosion in key oil, coal and now especially, natural gas energy. What makes this different from the energy shocks of the 1970s is that this time, it is developing as the corporate investment world, using the fraudulent ESG green investment model, is dis-investing in future oil, gas and coal while OECD governments embrace horrendously inefficient, unreliable solar and wind that will insure the collapse of industrial society perhaps as early as the next months. Barring a dramatic rethinking, the EU and other industrial economies are willfully committing economic suicide.