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MacroVoices #358 Robert Friedland: Geopolitical outlook & Geothermal Energy Revisited

Macro Voices

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The Energy Crisis Is Already Upon Us

The energy crisis you're referring to is not a future phenomenon. It has arrived because suddenly the world is at war, and war has changed everything. I think the fact that we are currently enjoying low crude oil prices is an illusion that won't last very long. Every major society is worrying about securing its own supply chain. We haven't seen electrical prices this high ever. The minute it got cold in Europe and the wind stopped blowing, all of Europe is short of electricity. Vladimir Putin benefits from high energy prices. And now we have a situation where cheap Iranian drones are being bought by Russia and used on Ukrainian civilians. Obscene, obscene destruction of the energy backbone in Ukraine, which incidentally

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