Higher Energy Prices Bring Out The Crazies – But Resources Missing

C-MACC Weekly “CRETER” (Climate etc.)

Higher Energy Prices Bring Out The Crazies – But Resources Missing

• Higher energy costs make renewables look more economically attractive, driving calls for development – being selective is paramount as considerable risk remains.
• Projects that only make sense at $100 oil risk either failure when/if oil corrects or will require government bail-outs to keep operating – we look for better ideas.
• Green steel is gaining traction: new infrastructure/manufacturing investments may demand it – opportunities for some but another renewable power demand.
• The tension between energy security and climate activism is growing, and more lawsuits will discourage necessary energy production – leadership is needed.
• Otherwise, we focus on Ukraine impacts, carbon prices and emissions, and bp’s more realistic wake-up call in its recent World Energy analysis.

See PDF below for all charts, tables and diagrams