The policy responses to Covid have been awful, but those failures are utterly dwarfed by the energy and supply chain policy inactions that are bringing us into a very dark winter.While COVID-19 has occupied a lot of our intellectual and emotional energy over the past year and a half, energy and material shortfalls are far more likely to seriously impact your life. I alerted this channel to the energy issues last June, and sent out an ALERT over a week ago to my Insider members. I stand by the urgency of those messages even more now.An energy crisis is roiling across the UK and Europe on the cusp of winter, and the rest of the world is on the horizon. It’s already being felt in the UK, Europe, China, Russia, and the U.S.In the UK, the media is chalking up the energy crisis to consumer panic buying and truck driver shortages, but this blames everyday citizens for what is actually a much deeper structural problem and bungling executed by government policies. A more accurate explanation acknowledges the origins of the current energy crisis in a predictable outcome of the failure to invest in the production of oil and supply stability during the COVID-19 mismanagement and shutdowns. While the governing elite will have you believe the crisis is as “transitory†as the inflation they themselves create through central bankers’ monetary policies, it would be foolish to take them at their word. A major economic shock is guaranteed at this point in the story – one that will disproportionately impact the middle and lower classes.
