The last few days have confirmed we are in a Global Economic Energy War. It is remaking the global order – and will have significant long-term effects on Global Markets. As the sides shift, there will be winners and losers.
Winter is coming as soaring gas prices are set to bite across Europe. Putin’s energy insecurity strategy has proved his major success and could yet win him the Ukraine War. Stagflation is nailed on it Europe.
ESG tightened its grip on markets in a succession of wins over oil majors. Is that a good or bad thing? Probably better shareholders decide a company’s green objectives than them being set by bureaucrats, but there will be consequences.