2min chapter

After Hours cover image

Turmoil in Energy Markets

After Hours

CHAPTER

Energy Prices Are Going Up, and That's Good News, Felix

Energy prices probably have been too low for too long because they don't internalize all the costs that we think are really important. The combination of those two things means that we're going to face in the short run higher prices for fossil fuels, which is what we're seeing. But writ large, it feels like something that's quite positive. It raises all sorts of questions within countries about how we help the people who need the most help.

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