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Energy prices the biggest thing to watch in short term: T. Rowe Price’s Veiel on Houthi strikes
The recent Houthi rebel attacks on Saudi Aramco’s facilities in Saudi Arabia have once again brought the focus back on energy prices. The attacks have disrupted the global oil supply, leading to a surge in prices and raising concerns about the short-term impact on the global economy.
According to T. Rowe Price’s Shawn Veiel, energy prices are the biggest thing to watch in the short term. In a recent interview, Veiel highlighted the potential impact of the Houthi strikes on energy markets and the broader implications for investors.
Veiel pointed out that the attacks have raised fears of a potential supply crunch, which could lead to further price hikes in the near term. This could have a significant impact on consumer spending and inflation, especially in countries that are heavily reliant on oil imports.
Moreover, the geopolitical tensions in the Middle East have added to the uncertainty surrounding energy prices. The ongoing conflict in Yemen, where the Houthi rebels are based, has the potential to further disrupt oil supplies and exacerbate the volatility in energy markets.
In addition, Veiel noted that the Houthi strikes have highlighted the vulnerability of global energy infrastructure and the potential for further attacks in the future. This has raised concerns about the security of oil production and transportation, which will continue to be a key factor in shaping energy prices in the short term.
For investors, the volatility in energy prices presents both opportunities and risks. Veiel emphasized the importance of closely monitoring the developments in energy markets and staying informed about the geopolitical dynamics that are driving the fluctuations in prices.
He also highlighted the potential for increased investment in alternative energy sources as a way to mitigate the risks associated with the volatile oil market. As the world transitions towards a more sustainable and resilient energy system, there are opportunities for investors to capitalize on the shift towards renewable energy and other clean technologies.
In conclusion, the recent Houthi strikes have underscored the significance of energy prices as a key factor to watch in the short term. The disruptions in the global oil supply and the geopolitical tensions in the Middle East are likely to continue shaping the dynamics of energy markets in the near future. For investors, staying abreast of these developments is crucial for making informed decisions and navigating the opportunities and risks in the energy sector.
The costs of cargo transport especially went through the roof after the US and the UK launched their aggression on Yemen
A partial list of countries bombed by U.S.:
Germany, Japan, Italy, France, China 1945-46,Korea 1950-53, China 1950-53, Guatemala 1954, Indonesia 1958, Cuba 1959-60, Guatemala 1960,
Belgian Congo 1964, Guatemala 1964,, Dominican Republic 1965-66, Peru 1965, Laos 1964-73, Vietnam 1961-73, Cambodia 1969-70, Guatemala 1967-69,
Lebanon 1982-84, Grenada 1983-84, Libya 1986, El Salvador 1981-92, Nicaragua 1981-90, Iran 1987-88, 1998, Libya 1989, Panama 1989-90,
Iraq 1991, Kuwait 1991, Korea 1950-53, Somalia 1992-94, Bosnia 1995, Iran 1998, Iraq 2003-2011, 2014, Syria 2021-2023, Sudan 1998, Afghanistan 1998,
Yugoslavia – Serbia 1999, Afghanistan 2001 Libya 2011, Palestine 2023-2024, Russia 2023, Yemen 2024
I had been sleeping on a bunch of torn insulation sticks and tarp
There Is a stupid amount of water leaking onto the floor
Fix the Gas lighting going on around here. If you can replace the gas tank boilers around here that would be GREAT, the pressure valve has Just been dripping water on the floor. (for some time now of figuring out) YOU SOUND SO STUPID DOING THE MOST SITTING AROUND TALKING ABOUT NOTHING, THAT YOU ARE NOT ACTUALLY DOING IS MOVING PHYSICAL PROPERTY.
If you just check the weather report in Fargo, that should be sufficient.