Tensions between Russia and Ukraine have thrown oil and gas prices into focus, but an energy crisis has been brewing for much longer than the war has been going on.

In an interview with Investing News Network, Adam Rozencwajg, CFA, managing partner of Goehring and Rozencwajg, said energy market tightness has been an issue for some time and won’t abate even if relations between the two countries improve.

“What I would point out is that the current crisis in Ukraine is not the cause of high energy prices today,” he told the Investing News Network. “It’s the catalyst that really forced prices up a lot higher, but we were very, very tight beforehand and we’re going to be very, very tight here after hopefully some of the situations resolve themselves.”

To listen to this interview, click here (filmed on March 15, 2022).