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No. The energy market is up demand wise over 20-9 and due to several factors there aren’t many energy projects in the works. In fact She’ll just cancelled a major North Sea project. Oil and energy prices will be up. Unless you’re cheating and counting European NG prices, which are absurdly high.
inflation is going to outpace wages for at Kesey a year by projections. Sorry that’s not transitory
And again real wages will be down in 22
https://www.shrm.org/resourcesandto...salary-increases-look-to-trail-inflation.aspx
The energy market is one of the most volatile markets which is why it is not included in the core inflation rate. Again, most economists estimate that a lot of the inflation that is occurring is transitory whereas if, at work, you've been given a raise (from 18 dollars an hour to 21, 22, etc.) this wage increase will stick into the future (meaning that your wage will not be lowered). This is/was my point. I also know that most if not all European Energy companies are severely curtailing how much they are investing in oil and gas so they can invest more in renewables because they see better future returns in renewables than in oil and gas.