What is the leading cause for the increase in energy cost?

Question

Quizplus · Accepted Answer

The extremely fast growth of the Chinese economy has resulted in an increased demand for energy, causing a shortage worldwide. This has pushed up energy costs globally, affecting not just China but other countries as well. The conflict in Palestine and Israel may have some impact on the local energy markets, but it is not a significant factor in the overall increase in energy costs. Similarly, while Saddam Hussein's torching of oil wells during the Gulf War did cause some temporary disruption to the oil supply, it did not have a long-term impact on energy costs. Finally, while there may be some oil moguls who control resources and political machines, it is unlikely that their greed alone is responsible for the overall increase in energy costs.

What Is the Leading Cause for the Increase in Energy