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Michael norton, Oct 4, 19:36 (previous page):
– “too much demand or not enough energy?”
Not enough gas. I don’t think energy demand has risen above pre-pandemic levels. Gas flow from Russia is down while Russia refills its storage ahead of winter, but Russian storage should be full this time of year, so it looks like Russia could be running into production problems, indicating depletion of reserves. European storage is also low for the time of year. The UK gave up on storage, so we’re up shit creak and we threw our paddle overboard in 2016.
The world could have just passed global Peak Gas, in which case, humanity is in deep shit.