I suspect in the not too distant future due to the green revolution and the mounting pressure there will be an oil price shock. And with the likelihood that interest rates will rise sooner than expected due to increasing inflation this cannot be good for the world economies. History shows that when rates and oil rise together recessions hit. People out of work, mortgage sales in an overheated property market, small business failures. Then people including activists pushing the green revolution will be blaming governments again saying it is all their fault. Many will be screaming for energy costs to come down perhaps even blaming the big oilers. The future doesn’t look that bright.
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