Announced crisis & energy
A recurring subject draws attention: the enormous increase in the debt of countries.
There is a line of thought that points to the approach of a major world crisis.
Countries have kept interest rates high to contain inflation. Thus, the cost of debt amortisation increases to levels considered unfeasible.
It appears that the countries are not willing to do what would be necessary: to reduce their expenses.
On the other hand, little attention is given to the long term horizon. Only the immediate matters! This is the ongoing profile of the leaders of the constituted powers.
This crisis scenario is beyond the control of executives of private companies and institutions. But… preparing to face it is something that can and must be done if the premise is to survive in this challenging environment.
In the area of energy, there are paths to be followed to face this scenario!