The structural damage to global energy supply is already done. Spare capacity is shot, Qatar LNG is offline for years, and the futures curve is pricing a resolution that hasn't happened. What's locked in, what the curve assumes, and why it matters.
Locked in
The structural damage to global energy supply is already done. Spare capacity is shot, Qatar LNG is offline for years, and the futures curve is pricing a resolution that hasn't happened. What's locked in, what the curve assumes, and why it matters.