The emergence of three mega risks—War, Inflation/Stagflation, and Rich Country Government Debt Burdens—is shaping up to add new dimensions of uncertainty to an already messy energy transition era. • WAR: Rising tensions in the Middle East following the horrific terrorist attack by Hamas in Israel two weeks ago add a second theatre of conflict to go along with the ongoing Russia-Ukraine war. • INFLATION/STAGFLATION: After a 40-year post-1970s run of contained inflation and structurally declining interest rates, the 2020s are shaping up to be a very different environment. Energy prices are likely to be one of the ... (full story)