The European energy crisis is about to go global Slav/9-22-2021

photograph of an oil tanker being loaded at Iraqi oil installation

“It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains and a rush to cut investment in fossil fuels. The energy crunch that began in Europe earlier this month may now be on its way to America.”

USAGOLD note: Shades of the 1970s……The thing about this inflation that differs from others is its universality. All countries are experiencing surging inflation – all at the same time. If an energy crunch is in our collective future, as Irina Slav predicts, the price of everything will go up. Energy is a component in the pricing of just about all goods and services.

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