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Brace yourself for an expensive winter: Explaining the energy crunch

The Decibel

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Pandemic and the Energy Crisis Around the World?

The global energy industry was running out of places to put its oil and gas production. So it had to slam its spending shut for a period of time to deal with this massive drop in demand. Now, as demand increases with the recovery from the pandemic, the oil industry is on its back feet trying to replenish supplies while global demand goes up quickly.

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