The energy shock that never came
“The year 1848 was the turning point at which modern history failed to turn,” as Cambridge historian GM Trevelyan wrote. In future, we may look back on 2026 as the historic energy shock, which failed to shock us. The frightening statistics are well-known: 20 per cent of global oil production, 20 per
AI Translated Summary:
The anticipated energy crisis of 2026 may not materialize as expected, despite alarming statistics about global oil production. This situation raises questions about the resilience of energy markets and geopolitical implications for oil-dependent regions.
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