(Reuters) – Gasoline stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, natural gas and coal.
You would be forgiven if these events made you believe the world had suddenly been stricken by a global energy shortage. But you would also be mostly wrong.
While the supply squeezes slamming consumers and businesses in each of these areas is acute, the disruptions have less in common than you may think.
What unites them is a broad-based rebound in energy demand from lows hit during the depths of the coronavirus pandemic that has raised prices for oil, gas and coal;
