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Natural Gas Is Gaining Ground, and the US Has Plenty of It

Bloomberg · Justin Fox · last updated

Natural gas still trails oil and coal in the amount of energy generated worldwide, but it’s been gaining on both. As Europe struggles to break free from its dependence on Russian gas after the invasion of Ukraine, gas has become perhaps the most geopolitically important fuel of the moment.

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Related Knowledge Center: ENERGY BASICS: natural gas

State of Play

Background on natural gas issues. 

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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.

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