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International Energy Agency (IEA) chief Fatih Birol said that the current oil and gas crisis is worse than those in the 70s and 2022 combined.
“I am very pessimistic because this war is blocking one of the arteries of the world economy. Not just oil and gas, but also fertilizers, petrochemicals, helium, and many other things,” he told French newspaper Le Figaro in comments published on April 6.
“If we look at the three major oil and gas crises of the past, the current crisis is more serious than those of 1973, 1979, and 2022 combined. We are facing a major energy shock that combines an oil shock, a gas shock, and a food shock. It is a major upheaval for the economy.”…
“I am very pessimistic because this war is blocking one of the arteries of the world economy. Not just oil and gas, but also fertilizers, petrochemicals, helium, and many other things,” he told French newspaper Le Figaro in comments published on April 6.
“If we look at the three major oil and gas crises of the past, the current crisis is more serious than those of 1973, 1979, and 2022 combined. We are facing a major energy shock that combines an oil shock, a gas shock, and a food shock. It is a major upheaval for the economy.”…
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