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Energy crisis puzzle: why fossil fuel prices are surging – Sydney Morning Herald
The prices of oil, gas and coal have skyrocketed through this year to levels not seen for years. The reasons why are complex.
In the US, where for more than a decade its shale oil and gas had been the major influence over global oil and gas market, drilling activity was wound back almost instantly in response to the pandemic and has been much slower to restart.
As a consequence…
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