A Global Gas Crisis & a Battle-Tested Risk Theory

Global gas prices are soaring, and Americans are now paying the most at the pump in seven years. Jeffrey Currie, Goldman Sachs global head of commodities research, discusses what’s driving the spike in energy prices. Currie says that the structural underinvestment to supply and deliver energy commodities and an increase in demand as economies reopen could be to blame. CNBC’s Julianna Tatelbaum also reports U.K. consumers and businesses are bracing for higher electricity bills this winter amid a surge in natural gas prices. General Stanley McChrystal, former commander of the U.S. and International Security Assistance Forces in Afghanistan, offers a “battle-tested” system for finding and assessing risk, drawing on his book, “Risk: A User’s Guide.” Plus, lawmakers work to avoid a debt ceiling “catastrophe,” pandemic wardrobes are shifting away from sweatpants, and bourbon distillers are facing big bills.

In this episode: Jeff Currie, @GoldmanSachs Gen. Stanley McChrystal, @StanMcChrystal Julianna Tatelbaum, @CNBCJulianna Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

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