Stopping for gas − speech by Alan Taylor
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Stopping for gas − speech by Alan Taylor
Stopping for gas − speech by Alan Taylor
The world economy faces a new supply shock in the Persian Gulf, affecting global energy prices. In this speech, Alan Taylor explains that the UK is very sensitive to natural gas and oil prices, but the size and duration of this shock are uncertain. The economy’s starting point is very different from past energy shocks. Looking at possible scenarios shows that difficult trade-offs could lie ahead.
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