Quote:
Originally Posted by Street Pharmacist
Ok, that's local/regional problems.
The energy crunch is a worldwide problem and I'm addressing that. Literally every country is grappling with it and it can be exacerbated by various different local regional issues, but it's not the root cause.
The root cause is supplies are low due to geopolitical friction (OPEC+), and economic (years of bankruptcy and wind down due to unprofitable prices then negative price shock). That's then followed by insane demand pressies with post COVID rebound stronger than anyone expected. You could make an argument that the switch to gas power generation has worsened some of it, but even that is tangential
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Demand has also risen to pre-pandemic levels. It wasn't long ago people were muttering about peak oil demand having passed us by, that demand would never return, and we'd be on a downward trend.