Oil and Gas - What's the Rether?

There are few reasons why i think you're likely to see elevated oil prices for a while. American frackers, even though people sometimes call them the swing suppliers, they can't ramp up production that quickly because of logistical reasons. Venezuela and iran could have additional capacity but it's not clear if that will happen. And thinking about elsewhere and supply chains. Inflation is already at seven%. It could rise further. There clearly is ant imperative to try to avoid something similar this time round. But it's really serious and a big, big risk.