High natural gas prices may ripple across the energy sector
Fallout from Russia’s war in Ukraine and hot weather are sending U.S. natural gas prices to some of the highest points in years.
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.