How bad will the energy crisis get?

Checkout our advertising sponsor the Economist and get access to global coverage at an exclusive 35% discount at https://economist.com/moneymacro Recommended follow-up articles: What if Trump bans oil exports? https://www.economist.com/finance-and... Even the best-case scenario for energy markets is disastrous: https://www.economist.com/finance-and... Donald Trump has four bad options for the war in Iran: https://www.economist.com/middle-east... If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via:   / moneymacro   WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS? △ https://school.moneymacro.net/p/indus... LIKE CHATTING ECON WITH ME? △ Follow me on Twitter:   / joerischasfoort   △ Follow me on LinkedIn:   / joeri-schasfoort   △ I have a private Discord server for Senior and Chief economist Patrons / members. SOURCES: I've linked my sources in the blog that goes along with this video. Links are in the text. https://www.moneymacro.rocks/blog Timestamps: 0:00 - intro 2:10 - context 10:38 - scenarios 17:00 - other effects Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive for access to their archival footage. Stock footage and others clips by Getty Narrated and produced by Dr. Joeri Schasfoort