China's Surging Power Usage Worsens Europe Supply Crunch

The video discusses China's recent surge in energy consumption due to increased industrial activity post-pandemic, leading to global impacts such as record coal and gas prices. This has exacerbated Europe's energy supply crunch, causing rising gas and power prices. OPEC is under pressure to increase oil production due to heightened demand. European governments are considering measures like collective gas buying to mitigate the crisis. The video also explores Europe's energy dependency on Russia and the challenges of transitioning to green energy.

What measures are European governments considering to address the rising energy prices?

In what ways might the energy crisis influence Europe's approach to its energy mix and dependency on Russia?