Whether the reasons was peak oil or climate change, the world needs to transition away, but most countries are stubbornly avoiding and even eliminating nuclear at a time when the right energy transition is most crucial. We have high global energy prices because most of the world has been shifting to renewables ideologically while still being dependent on reliable but finite energy (coal / natural gas), and once demand went back up after the pandemic effects subsided (and with it came negative oil prices and shutting down of operations). So yes, energy prices if looking purely at global events went up because of the supply / demand imbalance caused by the pandemic, but the spike showed what is in store for us if we don't embrace nuclear as the true solution once fossil fuels are gone and continue to push in the wrong direction.
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