https://www.wsj.com/articles/fuel-prices-arent-going-down-soon-fossil-energy-independence-natural-gas-pipelines-oil-11654613986
The problem extends well beyond crude oil and its derivatives. The price of natural gas has soared, futures for coal delivered to Europe have risen 137% this year, and cash prices for Appalachian coal have more than doubled since last June.
Yet the long-term outlook is more hopeful. The policies we adopt in response to the current price surge can create a more stable energy sector a decade from now. We need something we haven’t had for a long time: a comprehensive energy strategy built on realistic premises about supply, technology and politics.
Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. and executive-in-residence and co-director of the Marquette S-Lab. He is also founder and chair of the board of Water + Energy Forward, a green bank focused on market-based climate solutions. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught “Sustainable Finance” since 2009. He publishes
Sustainable Finance and is co-author of
The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.
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