Fmr. Biden Energy Adviser: ‘This Is the Biggest Shortage and Energy Crisis We’ve Had in Global History’

EXCERPT:

HOCHSTEIN: “This is the biggest shortage and energy crisis we've had in global history. So I think these prices now start compounding. In other words we'll close it around. Let's say today we'll be somewhere at around $100. But I think with the conditions on the ground without a change this gets worse and worse because of that compounding effect of loss of both transport of crude, the production of crude starts slowing, and the refined products.”