Global energy crash to deliver inflation hard landing

Tuesday, 12 December 2023

Global fixed energy fuels continue to crash.

The global marginal price setter of gas in the US is fully normalised:

Asian and European gas prices are catching down. There is congestion in the Panama Canal but it is not enough to support these vast spreads between the US producer prices and Asian/European consumers. Europe, especially, could halve from here::

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.