#Trafigura chief asks Where’s the #Gas? Where’s the #Oil?

Europe is not storing enough gas to get it through a cold winter, leading Trafigura chief to warn of rolling power outages in Europe this winter. 

As for Oil, "We are not seeing the replacement of reserves. Oil has gone from a 15-year reserve life to a 10-year reserve life in a short period of time," he said.

See the full article on the Financial Times here:  https://on.ft.com/3HCuemX

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#GreenEnergy’s First Big #Energy Shock

The Transition to #Renewables' Bumpy Road Ahead

Since May the price of a basket of oil, coal and gas has soared by 95%. 

- Britain, host of the COP26 summit, has turned its coal-fired power stations back on

- Vladimir Putin just reminded Europe that its supply of fuel relies on Russian goodwill.

- US Gas prices have hit $3 a gallon

-  Blackouts have engulfed China and India.  

Another #Chart Ruined 🙄 #NatGas

HT @EdVanDerWalt 

Here’s non log #Crude #Oil #charts $CL #OOTT pic.twitter.com/SmAyPKxocQ

— MasterEnergy (@MasterEnergyRSS) October 6, 2021

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