Monday, October 18, 2021

The first big energy shock of the green era | The Economist

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.

HT @EdVanDerWalt

Here’s non log #Crude #Oil #charts $CL #OOTT pic.twitter.com/SmAyPKxocQ
— MasterEnergy (@MasterEnergyRSS) October 6, 2021

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While crude oil has jumped 10% in the past month, gasoline prices in the US remain relatively flat.

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