What will happen next given the extreme volatility of the world's oil and gas prices

World oil and gas prices have been impacted by supply and demand shocks over the past two and a half years, occasionally both at once. Energy market volatility as a result is a microcosm and mirror of a faltering world economy.

As the Covid-19 pandemic expanded over the globe, the price of Brent crude oil dropped from a "normal" $68 per barrel at the end of 2019 to $14 per barrel in April 2020. After Russia invaded Ukraine ....