Robert
5.4K posts


OIL PRICES COULD AVERAGE $120/BBL IF HORMUZ CLOSED FOR 6 MONTHS - FITCH














Sure a Strait of Hormuz blockade obviously pushes most energy costs up, but a collapse in Qatari LNG supply is going to send global LNG prices into orbit. That shift in switching economics will drag coal higher right along with it. I saw Chancellor Merz saying "this isn't Europe's war." Sure he's technically right, but Europe is going to be the one left holding the bag for all the damage. The ghosts of 2022 are starting to haunt the place again. You can see the list of victims about to get hit the hardest across the energy mix. Meanwhile this is going to force governments into a total re-evaluation of fundamental energy security, which could actually give clean energy a long-term tailwind in the process. #oott #iran

















