Something funny is happening with energy supply across the globe. In Europe, natural gas prices are spiking, with fears it will only get worse as we head into the cold winter months. As a result, countries are racing to outbid one another for supplies.
In China, electricity demand has risen, driving up the cost of coal to generate electricity. But utilities have been slow to increase the number of hours power plants operate, with Chinese regulations making it hard for operators to charge more for energy, leading to power cuts and blackouts that have slowed or closed factories.
In the …
