New York (CNN Business) The world is grappling with gravity-defying energy price spikes on everything from gasoline and natural gas to coal. "Now we have an oil crisis, a gas crisis and an electricity crisis at the same time," Fatih Birol, head of the International Energy Agency watchdog group, told Der Spiegel in an interview published this week. The global economy has largely been able to withstand surging energy prices so far. "We have not yet seen how bad this energy crisis is going to get," Bordoff said. "We have to be careful here because if we allow the public to equate high energy prices with the energy transition, we're doomed," said McMonigle.

Source: CNN June 03, 2022 19:31 UTC