The Global Energy Order Is Unravelling Fast: Welcome to World War E
The mutual needs that tie energy producers and consumers together are giving way to cruder contests over who needs who.
The leak following the rupture of the Nordstream pipeline
Source: Armed Forces of Denmark
Hello and welcome to today’s Elements, our energy and commodities newsletter. Bloomberg Opinion’s Liam Denning writes on the multiplying conflicts tearing at the fabric of the global energy order. And if you haven’t yet read the investigation by our US oil reporter Kevin Crowley into the exodus of workers at Exxon Mobil, it’s well worth a few minutes of your Friday. Finally, if you’re reading this on the web and would like to get it directly into your inbox, click here.
It’s October and we’ve avoided slipping into a third world war for almost eight months, so we have that going for us. Things are escalating on the energy front, though, and not just between Russia and the West.