IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility
Green Car Congress
DECEMBER 12, 2021
Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. The report underlines concerns about the stability of global energy markets in the wake of the COVID-19 pandemic and follows a decision by several countries including the United States, Japan and India to release strategic p
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