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Global Energy Crisis May Get Worse, International Energy Agency's Birol Warns - Bloomberg

Bloomberg · David Stringer · last updated

A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency.

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Related Knowledge Center: ENERGY BASICS: overview

State of Play

The United States is about to undergo another sharp turn in its energy policies, following the Trump administration’s switch from President Obama’s focus on addressing climate change to an unfettered commitment to boosting fossil fuel production. The administration of President Joe Biden is restoring climate change as a key driver of energy and environmental policies, while also coping with roiling global natural gas markets in the wake of the Russian invasion of Ukraine.

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