Energy Markets and Financial Markets Are Different This Time

In the eighties, we raised fed funds as high as 12% in er to combat ten % p p i and c p i. Today, what we've got to day is fed funds at 75%. There's been no effort so far to slow that down. In 20 22, commodity prices are high because there's an attack on supply. The biden administration is not allowing new drilling, right? We've got judges cancelling leases on federal lands,. So they are very much pushing the segenda toward electronic vehicles, simply at a pace that's too fast for our energy and for structure to handle.