European Recession 'Pretty Likely' on Energy: BlackRock

The video discusses the potential for a recession, driven by tough monetary policies from the Fed and ECB, and energy challenges in Europe. It explores the likelihood of a shallow recession in the US and a deeper one in Europe due to energy costs. The conversation shifts to the global energy transition, emphasizing the need for renewables and the role of gas as a transition fuel. The impact of geopolitical tensions on energy security and the future of energy is also examined.

In what ways is gas considered a transition fuel in the current energy landscape?

What are the potential consequences of relying on coal plants as an alternative energy source?