Viewpoints Energy Transition: A Jarring Path to Green Higher energy prices may prompt more investment in energy transition technologies, but we expect periods of volatility and vulnerability along the path to a greener future.
Over the last year, a sharp rise in energy prices – including natural gas, coal, and oil – has contributed to renewed fears that higher input costs could constrain industrial production, reduce household real incomes, and slow economic activity. Relative to pre-pandemic levels, global crude oil prices are now up roughly 50%. In a historical context, this is not uncommon: Since the 1990s, the year-over-year increase in oil prices has exceeded 50% roughly once every three years. In the U.S., while fears that higher energy prices will act as a regressive tax on consumers are warranted, the overall burden from higher oil prices is still considerably below past peaks. To Read the Full Article Log In Or Register
Sustainable Investing Report Find new sustainable fixed income strategies with PIMCO’s range of investment funds: Climate Bond Fund, ESG Income Fund, ESG Total Return Fund, ESG ETFs.
Blog COP28: Climate Issues Share Center Stage With Oil and Gas There are material short- and long-term implications for hydrocarbon markets following the COP28 meeting in Dubai, including tailwinds to oil
Blog The Crude Calculus: Predicting Oil’s Next Moves Amid Global Uncertainties OPEC+ strategies and geopolitical tensions could roil markets.