The Strait of Hormuz crisis shows energy security is now a boardroom issue
2 Articles
2 Articles
Many economists fear that the global economy is heading for stagflation: the dreaded combination of economic stagnation or even contraction and high inflation. According to some, the closure of the Strait of Hormuz even threatens the most severe energy crisis ever. Yet, the hard economic figures seem to show little sign of this so far. BNR’s resident economist Han de Jong also considers the term ‘the most severe energy crisis ever’ to be exagger…
The Strait of Hormuz crisis shows energy security is now a boardroom issue
For many corporate leaders, energy risk means just higher fuel and electricity bills. Spiking oil prices mean tighter margins and more cost-cutting. Energy is a problem for governments to solve, not for boardrooms to manage. That assumption is outdated. A closed Strait of Hormuz, which carries a fifth of the world’s oil supply and a significant share of liquefied natural gas, should be a wake-up call for executives. The consequences of Middle Ea…
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