What is Driving the Global Energy Crisis

This week Real Vision’s Max Wiethe breaks down the data pointing to a global energy crisis. The prices of energy commodities like oil, natural gas, and coal are skyrocketing, but it isn’t because the global economy and demand have returned to pre-pandemic levels, in fact, it is supply shortages and lack of production that are driving these price increases. In “The Chatter” section Jim Mitchel, head of Refinitiv’s Americas oil analysts, discusses why this global energy crisis is arguably an “ideology crisis” and why this means we could see all-time record prices for oil in 2022.