Europe mulls drastic moves to control prices as Russia energy war heats up
Leaders will consider a proposal from E.U. Commission President Ursula von der Leyen to curb gas and electricity prices.
Related Knowledge Center: Energy security and pricing
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.