Current energy crisis is the ‘revenge of the old economy’

MarketWatch/Mark DeCambre

Repost from 10-18-2021

graphic image of 1970s reducs coming soon to an economy near you“‘It’s almost like everything that could go wrong, did go wrong,’ Helima Croft, global head of commodity strategy at RBC, told MarketWatch in a phone interview. ‘It’s a multifaceted story,” said the energy specialist and former senior economic analyst at the Central Intelligence Agency.”

USAGOLD note: An overview of the factors driving the current energy crisis reminiscent of the 1970s. Goldman’s commodity research head Jeff Currie calls it “revenge of the old economy.”

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