Fmr. Biden Energy Adviser: ‘This Is the Biggest Shortage and Energy Crisis We’ve Had in Global History’

HOCHSTEIN: “This is the biggest shortage and energy crisis we've had in global history. So I think these prices now start compounding. In other words we'll close it around. Let's say today we'll be somewhere at around $100. But I think with the conditions on the ground without a change this gets worse and worse because of that compounding effect of loss of both transport of crude, the production of crude starts slowing, and the refined products.”

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Fmr. Biden Energy Adviser: ‘This Is the Biggest Shortage and Energy Crisis We’ve Had in Global History’‘I think with the conditions on the ground, without a change, this gets worse and worse because’News & Politics,Money & Markets,InternationalEXCERPT:HOCHSTEIN: “This is the biggest shortage and energy crisis we've had in global history. So I think these prices now start compounding. In other words we'll close it around. Let's say today we'll be somewhere at around $100. But I think with the conditions on the ground without a change this gets worse and worse because of that compounding effect of loss of both transport of crude, the production of crude starts slowing, and the refined products.”Video filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Audio filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Recipient e-mailMessage (optional)Preview

Source: Grabien Stories