MacroVoices #334 Adam Rozencwajg: Understanding the Global Energy Crisis
Macro Voices
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The White House Is Using SPR Sales to Get the Prices Back Down
We're at the beginning of an energy crisis that will last many years, says John Defterios. We've dramatically underinvested in the oil and gas industry, he argues. That sets up for too much supply and a big bear market, defterios adds. And e s g pressures meant that when the market did finally tighten, when we did work off that over supply, normally capital would start to come back into the sector - but it hasn't so far.
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