News
Energy crisis chips away at Europe's industrial might
Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering — demand for natural gas and electricity both fell in the past quarter.
Related Knowledge Center: Energy security and pricing
State of Play
The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.