Energy crisis is 'already here': Jeff Currie says to watch product prices as diesel hits record

As diesel prices hit a record and energy crack spreads surge, Jeff Currie from Abaxx Technologies & founder of Real Macro draws attention to the separation between paper prices of crude oil, and soaring prices of refined products like gasoline and diesel. He says that while the WTI and Brent contracts are still below $100 a barrel, real prices have already essentially hit warning levels.