- Jan 11, 2022 5:02 pm GMT
“Energy prices will keep rising until you get a production response, at which point it will tend to be an over-reaction, or you will start seeing demand destruction, or a response from policymakers — or you could get all three. This is creating the conditions for the subsequent cyclical downturn. Whether it’s in 2023 or 2024 is an open question.”
That’s a key quote from John Kemp, senior commodities and energy analyst at Thomson Reuters, speaking on the Energy Flux podcast on Monday evening.
Listen again to the full episode here (48 mins)
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