Sins of Elites and High Energy Costs

Pakistan's energy sector is burdened by high-cost imported LNG and coal, leading to massive circular debt that strains the economy. The government's choice of fossil fuels over renewables has increased costs for consumers and businesses. The commercial mechanism is a sustained input cost squeeze on industrial and residential consumers due to expensive energy, with no immediate supply shock or demand spike. The impact is country-specific (Pakistan), affecting local utilities, importers of LNG/coal, and end-users. No direct winners/losers specified beyond the population bearing high costs.