Surging energy prices are stoking tensions in Europe over the green transition, with European Union countries fractured in their views on climate change policies. Wealthier nations want to keep up the pressure to quit fossil fuels while poorer ones, worried about the cost to the consumer, are wary.
The United States has not ruled out tapping into its strategic petroleum reserves, which it typically only does after major supply disruptions such as hurricanes, or pursuing a ban on oil exports to bring down the cost of crude oil, or bad decision by the administration.
Britain's energy regulator warned that energy bills are likely to rise significantly in April.
Hungary's Prime Minister Viktor Orban blamed European Union action to combat climate change for the current crisis and said Poland and Hungary would present a united front at the next EU summit.
Analysts have said rising gas prices are the main driver of European electricity costs, while the soaring cost of permits on the EU carbon market has contributed around a fifth of the power price increase. Just a "no energy" thought.
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