[‘23 Trend #3] Crazy Rich Saudis, OPEC+ & the Global Energy Crisis with Mark Rossano

The Wiggin Sessions

HOT TOPIC 2023: Crazy Rich Saudis, OPEC+ & the Global Energy Crisis with Mark Rossano.

Mark Rossano is concerned about the Gulf of Mexico and the Jones Act. Any hang in the Gulf could set off a slew of supply chain disruptions, leading to a winter of armageddon scenarios.

The grid going down in Moore County, North Carolina, yesterday by “targeted gunfire” left 40,000 residents without power or water. It’s getting a bit chilly for that kind of incident. An investigation is underway.

The war over land and energy overseas in Ukraine, already has Americans from Texas to New England bracing for insane rate hikes in utilities and heating oil.

“Do you really want to play chicken with Mother Nature?” Mark asks. We realize after our discussion, the crisis could be even more serious than we first thought.

You can watch the full Episode 84 of The Wiggin Sessions with Mark Rossano here.

P.S. The energy crisis comes at a bad time. But it is also spurring some rapid innovation. See our sponsored content below.

Addison Wiggin

Addison Wiggin

Addison Wiggin is founder and executive publisher of Agora Financial LLC, an independent economic forecasting and financial research firm. He and Bill Bonner began writing the firm’s flagship Daily Reckoning in the midst of the tech boom and bust. It was one of the first widely distributed email newsletters on the Internet. The publication’s critical eye on finance and economics continues today. He’s also creator and editorial director of Agora Financial’s daily missive The 5 Min. Forecast.

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