Everyone is pleased that we are now seeing the rate of inflation starting to fall. However, it might be too soon to declare victory. This is because the cost of energy, one of the prime drivers of inflation, is starting to rise. In this video I look at the reasons behind this increase, the potential consequences and what we can do about it as investors.
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Timestamps
00:00 Introduction
00:36 Oil price vs Inflation
03:03 Reasons
06:40 Consequences
12:06 What this means for Investors
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10 Comments
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I feel sorry for Teddy. Biltong inflation has been something to behold!
Thank you for a informative video!
Go Crude!
There are misconceptions by energy companies that people can not or will not change their energy use habits. They are dead wrong.
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Hi – One big error. You said we’re just over $80/barrel. That is incorrect, the two benchmarks are West Texas Intermediate (WTI) and Brent (also known as UKOIL) – WTI is now over $90, and Brent closed at $94 last night. These prices have been on an upward track since the end of June. Hence the latest US inflation figures only included an uptick from about $70 to about $75 (on average) – we will really see the impact in December as this flows through. Unless oil prices fall immediately and in a meaningful way then inflation will take off again aggressively.
Keep in mind that petrol companies are not all in on energy. There is much more to the story here. In organic chemistry and materials chemistry, a rapidly growing body of research is focusing on the unsaturation and polymerization of crude oil products in order to make more consumer plastics.
Fossil FUELS are on the way out, but these companies are funding research as well as developing their own techniques to repurpose their products should demand drop thanks to the likes of electrification and green energy, with an emphasis of wind, solar, and nuclear. This isn't some kind of altruistic effort or any of that ESG nonsense. This is about survival for the petrol industry.
I should add a disclaimer that I am viewing this as an engineer who works in the green energy industry, so I have my biases as well.