I think the economic problems really are starting to bite hard across the board.
Can't just disrupt critical and finely balanced energy and trading systems to that degree, that quickly, in such an arbitrary and chaotic manner, without serious and sustained consequences. Plus some longer term consequences of the Covid pandemic are probably starting to add up too.
How bad it will get, and for how long, remains to be seen. But the current level of disruption and increased costs is probably locked in for at least several months.
Can't just disrupt critical and finely balanced energy and trading systems to that degree, that quickly, in such an arbitrary and chaotic manner, without serious and sustained consequences. Plus some longer term consequences of the Covid pandemic are probably starting to add up too.
How bad it will get, and for how long, remains to be seen. But the current level of disruption and increased costs is probably locked in for at least several months.