The Telegraph warns: The era of cheap oil is over… and the energy crisis will remain even if wars stop

London, UK – The British newspaper The Telegraph revealed that the world has already entered a new phase, one marked by the end of the era of cheap oil. The newspaper asserted that the global energy crisis will not find quick solutions, even if the geopolitical conflicts directly impacting oil and gas markets were to cease.

The newspaper explained that rising production costs and declining investment in the traditional energy sector have contributed to changing market dynamics. The gradual shift towards clean energy has also played a role, with all these factors pushing prices to levels from which a return to previous levels will be difficult.

It added that international tensions, particularly in vital production regions, have exacerbated the crisis. However, they are not the sole cause, as structural imbalances in the energy market play a key role in the continued pressure on prices.

The report indicated that consuming countries will continue to face significant challenges in securing their energy needs at reasonable prices. This could impact inflation rates and global economic growth, further burdening citizens.

Conversely, the newspaper called for accelerating investment in alternative energy sources. It also called for striking a balance between the green transition and ensuring energy security, to avoid prolonged crises that could affect global economic stability for years to come.