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Showing posts with the label OPEC

My investing muse - how Climate Change & OPEC+ are pushing for Tesla (20Oct2021)

The world is facing an energy crisis. With energy prices soaring, it leaves all fearful of the coming winter as heating is needful in the households. With OPEC+ not increasing their supply, this has led to oil prices hitting recent highs. Russia has yet to increase their gas supply to Europe as Europe's utility bills continue to climb. In fact, some countries turned to coal (a more affordable) energy source. In the US, gas prices have increased 42% from September 2020 to September 2021. CPI has hit a high of 5.4% on top of other notable increases in prices (from Sep 2020 to Sep 2021). This includes  car rentals up 42.9%, steak up 22%, Lodging up 19.8%, bacon up 19.3% and more. Though there was some retracement of commodity prices from a recent all-time high, the pinch is felt throughout the economy. This has left many to wonder how long will inflation remain  transitory . In fact, several have started to call for the Fed to address the problem of inflation - to start the taper...