Global fuel crisis is gaining momentum. To the shortage of natural gas and the unprecedented increase in prices for him before the winter in the northern hemisphere now also added the lack of oil.
Analyzing all these events, the Russian BBC service notes that the gas has risen in view of the rapid growth in demand following the awakening of the global economy from coronavirus lethargia, other reasons were added to this: from the transition to green energy to exhausting stocks in repositories due to last year’s cold . Those who did not have enough gas, had to go to more dirty fuels, including coal and petroleum products.
As a result, the demand for oil will grow by 500 thousand barrels per day, and in the remaining months of 2021, the global deficit will be not 200, and all 700 thousand barrels per day, warned the International Energy Agency (IEA).
These are bad news for consumers, since the cost-consuming energy is restrained by the restoration of the industry and hits the pocket of citizens, leaving them less money on the purchase of everything else after paying bills. As a result, the economy gets a double blow: growth slows down, and prices accelerate.
For oil producers, the shortage of raw materials, on the contrary, good news. Prices have already broken a three-year record and exceeded $ 85 per barrel Brent variety.
In addition to additional income, the deficit and growing prices for raw materials are carrying other joy. The energy crisis slowed down the green revolution and drew the attention of residents of developed countries to the fact that the account for the transition to a clear future will have to pay them.
IEA – Mozgian Center for Consumer Consumer Fossil Fuel – has already warned that in the process of transferring the economy to renewable energy, the world will have to be survived not yet one energy crisis similar to the current one. And all because investments in oil production, coal and nuclear power plants and other traditional energy dried after the price collapse of 2014-2015 and 2020, and the investment in the creation of alternative energy is insufficient for the construction of windmills and solar farms in an amount capable of satisfying the growing demand for Energy from the developing countries and the population of the planet, which by 2050 will add another 2 billion people.
“IEA repeatedly pointed to the exit from this deadlock – it is necessary to dramatically increase the attachments in the technology of pure energy and infrastructure. But it is necessary to do it quickly. Otherwise, world energy markets are waiting for a turbulent and restless future,” the agency warns.