Suddenly we are in the middle of a global energy crisis. What happened?

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7 months ago
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379 comments
Suddenly we are in the middle of a global energy crisis. What happened?

Published Monday 11 October 2021

Far from emerging from the COVID shock awash with fuel, as might be expected after an economic slowdown, the world is entering a new energy crisis the like of which hasn’t been seen since the 1970s. European and Asian gas prices are at an all-time high, the oil price is at a three-year high, and the price of coal is soaring on the back of energy shortages across China, India and Germany. The surge in demand is being driven mostly by recovering economies and anticipated extreme weather across Europe and north-east Asia. China is stockpiling domestic coal and gas reserves, and Russia...

Full story at TheConversationAU

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Details About the Article "Suddenly we are in the middle of a global energy crisis. What happened?"

This article was originally published by TheConversationAU and was recommended by Energy48 a couple of days later due to its popularity. It has gotten a lot of attention and 379 comments have been submitted since it was published in October of 2021. The article "Suddenly we are in the middle of a global energy crisis. What happened?" is a news post and categorized as Energy by energy48.com and the main topics includes Ap, Covid, China, App, Energy, Extreme Weather, Suddenly, Happened, Emerging, Expected, Economic, Slowdown, Entering & European.

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