In the core of how our society functions is energy and finance.

This is probably why I have for over 20 years worked in the nexus of those two areas.

And sometimes, when you start digging for details, it gets almost scary what's going on.

There has been quite a turmoil in the financial markets lately (if you are a bond market geek like me, I tell you people there's epic sh*t happening). And I have found myself thinking about how will all this affect the clean energy market investments?

If you get into the nitty gritty details of our (debt packed) monetary system, you realise how closely financial markets are linked with oil markets.

I was listening today Nate Hagen's podcast where he interviewed Luke Gromen. I've been a subscriber for Luke's newsletter for some years so these two meeting in the same podcast made it a must listen episode .

Did you know that 90% of global oil production growth has come from US shale oil fields during the past 10 years? Did you know that the producers in Permian basin need 8-10% on average growth in the price of oil to break even? So in the Alice-in-Wonderland fashion, just to stay in the same place, the oil price needs to rise 8-10% per year.

Someone could say that this is great new for clean energy investments. Maybe.

But is there a government out there that can afford the inflation (and the high interest rates that follow) from this rapid oil price growth? What happens to the mountains of debt we have in the financial system?

And how do we manage to finance the clean energy investments if the price of debt goes to double digits?

The only clear winner I see in this are energy efficiency investments with short payback times, but in bigger scale even those investments need to be financed.