Energy transition is caught in a 'trilemma,' expert explains
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Crude oil prices (CL=F, BZ=F) prices cool Wednesday morning as May's Consumer Price Index (CPI) print reported a 2% decline in overall energy prices. PGIM’s Head of Thematic Research Shehriyar Antia joins Catalysts in-studio to explain why oil price pressures and affordability aren't the only factors having a broad impact on the energy landscape (XLE).
"The energy transition is a really long, complicated process. It's not an event, so it's not it's likely not to happen as quickly as maybe we would hope. And so fossil fuels are going to have a long sunset," Antia says. "But, our research found that there are really two themes — one is what we call complementary infrastructure around renewable energy."
For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
This post was written by Luke Carberry Mogan.
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