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The Future of Energy Markets
Willam: The last decade was a decade of extremely low energy prices. Even without the crisis in Russia and Ukraine, it was quite clear that the oil and gas markets would be stressed,. So oil was going up towards $100. Now we'll get this extra push, pushing inflationQuite a bit more, causing more debasant of currencies. And don't forget that many governments are now pushed towards giving more subsidies because people can't afford energy any longer.