Dissecting the Response to Energy Price Volatility

SUGAR LAND--March 24, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Energy prices already had propelled inflation in the U.S. economy to multi-year highs before the war in Ukraine, begging the question of just how high they can go before demand destruction sets in to the detriment of domestic producers. U.S. policy makers and the top brass at domestic energy companies now see shale oil as a source of energy security, ostensibly offering alternatives to some of those missing barrels. Within this article: How rising inflation, the war in Ukraine and supply-chain issues could converge to change the direction of U.S. energy development, at least in the short term.