Some countries are more prepared than others. Vietnam, who now handles a lot of mfg moved from China, has reserves measured in days. Yes, some countries have a couple months. I don't know the stats for nat gas though, and that could be better or worse.
Petrochemicals are a big part of the world economy. Energy is needed to get workers to work, factories to run, and ships to move.
This could slow goods production on par with covid. Forward looking financial markets which, by and large, failed to predict this will likely overreact as well. If the private credit bubble bursts coincident with market panic we could see a major financial crisis (maybe not GFC, but big).
It's a big price just to cover up the Epstein Files...
Petrochemicals are a big part of the world economy. Energy is needed to get workers to work, factories to run, and ships to move.
This could slow goods production on par with covid. Forward looking financial markets which, by and large, failed to predict this will likely overreact as well. If the private credit bubble bursts coincident with market panic we could see a major financial crisis (maybe not GFC, but big).
It's a big price just to cover up the Epstein Files...