Worst Oil Price Shock Since 1980 — When Will It End? (If Ever) | Energy Expert Art Berman
HomeBlogWorst Oil Price Shock Since 1980 — When Will It End? (If Ever) | Energy Expert Art Berman
Adam Taggart
To-date, Adam’s efforts have educated and informed millions of people just like you, and directed hundreds of $millions of their investment capital into good protection and stewardship – achievements he’s very proud of because he predicts challenging times lie ahead for the unprepared investor.
According to today’s guest, energy expert & petroleum geologist Art Berman, the world is now experiencing an oil shock — the magnitude of which we’ve rarely seen before.
Oil prices had risen tremendously over the past two years off of their 2020, but the recent outbreak of war in Ukraine has propelled them into a higher orbit.
The trade embargoes currently under consideration against Russia in response to the invasion sent oil futures briefly up to $139/barrel last night. That’s nearly twice the price oil traded at the start of the year, just two months ago.
And it’s not just oil. The price for natural gas in Europe has increased 5-fold since 2020.
How much worse is the situation likely to get? And what economic repercussions will these runaway energy prices cause?
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