In this podcast [min. 28], Insightview has asked Ole S. Hansen, head of Commodity Strategy, Saxo Bank, whether the world faces a new energy crisis - and what caused the latest energy turmoil in Europe and China. ‌Ole Hansen joined Saxo Bank in 2008 and has been Head of Commodity Strategy since 2010. He focuses on delivering strategies and analyses of the global commodity markets defined by fundamentals, market sentiment and technical developments. He is a regular contributor to both broadcast and print media through which his Weekly Commodity Update reaches a global audience. [Read also Ole's latest article, Gas and coal surge spreads to oil with substitution in focus.]
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In Europe, we seem to have "a crisis amidst a crisis". We have suddenly discovered that no law of nature says the wind blows, the sun shines, and that Putin supplies us with natural gas when we need it. The editor asks Ole whether the "crisis" was pre-programmed due to a series of catastrophic decisions during the pandemic and not least Chancellor Merkel's abrupt exit from nuclear energy in 2011. Insightview also asks Ole whether the current "energy crisis" could derail Europe's green transformation? 
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‌Charts linked to this podcast:
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‌Iron ore prices in China
‌Aluminium
‌Copper
‌Container freight rates out of China
‌Natural gas prices - Europe and USA
‌Electricity prices - Europe
‌Carbon emission rights - Europe
‌"Excessive" private consumption on goods - USA
‌Real private consumption on goods, %YoY - USA
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‌6. September 2021 - China: The Second Cultural Revolution?
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‌Music: Melodyloops, 'Technology Park' – by MediaM‌
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