“Energy prices will keep rising until you get a production response, at which point it will tend to be an over-reaction, or you will start seeing demand destruction, or a response from policymakers — or you could get all three. This is creating the conditions for the subsequent cyclical downturn. Whether it’s in 2023 or 2024 is an open question.”

That’s a key quote from John Kemp, senior commodities and energy analyst at Thomson Reuters, speaking on the Energy Flux podcast on Monday evening.

Listen again to the full episode here (48 mins):

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If you’re pressed for time, here are a few choice snippets:

• “Energy market tightness could give way to another cyclical downturn as early as 2023” (1m 21s)

• “EU governments are being coy about the true costs of the energy transition” (1m 52s)

• “Is Russia’s opportunistic constraint of gas exports geopolitical or purely economic?” (2m 20s)

• “China is struggling with the same energy policy challenges as US, EU” (2m 20s)

• “Renewables offer China a way out of the domestic coal vs imported gas dilemma” (47s)

To be notified of new live shows and get recordings as soon as they are published, download the Callin app from the iOS store. And don’t forget to subscribe to the Energy Flux podcast (it’s free!):

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Until next time,

Seb

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