10/02/2022
WHY ARE PRICES GOING UP? World economies have not seen a surge in output greater than 2019 to justify such an increase. Between 2019 and 2021 two major events have occurred: , putting a stop to the economy as we know it, and government stimuli, to keep the economy going. At least in theory, and without crunching data, the two should approximately cancel each other out. But government stimuli did not necessarily trickle down, rigs did not stop pumping out and and the did not actually come to a standstill. So why are energy prices going up? Recently, on the radio, it was said that US farmers were lamenting that despite prices going up, they were not going up for them. It appeared that the middle man got most of the cake. Would this mean that shipping/transportation costs and refinery costs are to blame when discussing energy prices? And if so, might the industry have just entered into a catch22 situation since these are energy-heavy industries? Edit: some analysts argue that there is a bottleneck in the supply chain that can justify the high prices as the backlog of orders is unwound.
Studies, reports, presentations about the global maritime business.