During World War II, U.S. coal companies ran radio advertisements cautioning people to buy only what they needed for immediate use. The government anticipated needing to use much of the available coal to keep pace with the urgent demand for it by the military. Eventually, the U.S. government rationed gasoline and oil, too.
Eighty years later, electric utilities are once again warning Americans that we could be in for a long, cold, dark winter. However, the difference is, today's shortages are not due to a global conflict causing the consumption of more fuel than ever before.
Almost all countries are increasing energy consumption compared to last year. Yet it reflects a return to normal, not a historic increase.
As the world climbs out of government-inflicted COVID-19 shutdowns, energy demand is certain to climb. In fact, all energy sources and fuels are in high demand. Such is why the price of oil and natural gas continues to rise.
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