Energy Supply Crisis: How it evolved and how it should be tackled

The world is facing one of the most severe energy crises that ever happened and incumbent policymakers are criticized for dragging their feet. Following the unprecedented incidents in the energy market last year due to the pandemic outbreak such as the record lows in fuel prices are now reversing the course of matters and maybe precipitating the probability of new record highs. Energy consumption is already back to its 2019 levels, yet energy production apparently cannot keep up with the increasing consumption ranks. How will this issue conclude?