Expert warns of energy, electricity 'crisis' in Europe amid green push
Expert warns of energy, electricity crisis in Europe amid green push
Tom Kloza, OPIS’ Global Head of Energy Analysis, argues Europe may need diesel fuel or other molecules to power up.
OPIS Global Head of Energy Analysis Tom Kloza joined "Mornings with Maria" Tuesday to discuss the global energy calamity taking place in Europe as Russia is expected to cut gas flow via Nord Stream pipeline.
TOM KLOZA:…This is an energy crisis, not just an oil crisis. And you can really see it in what's happened in natural gas in Europe and electricity in Europe. We had London paying a price to the Belgians last week for electricity. That worked out to something like, oh, $16,660 per barrel.
US IN 'MILD RECESSION,' PULL ON ENERGY PRICES WILL BE GREATER AS SEVERITY INTENSIFIES: OIL ANALYST