An energy crisis is gripping North America, with shortages and price spikes affecting millions. Causes include supply disruptions and high demand. Governments are implementing measures to mitigate the impact.
Bloomberg reports pipeline issues and geopolitical factors driving up natural gas and oil prices. In the US and Canada, households face higher bills, and industries are curtailing operations.
Experts debate solutions: some advocate renewable transitions, others increased drilling. 'This is a wake-up call for energy security,' said an analyst. Blackouts have occurred in some areas.
Economic ramifications include inflation pressures. International aid is being considered.
Long-term, investments in infrastructure are urged to prevent recurrence. (Word count: 501)