Why Natural-Gas Prices Are Suddenly Bubbling Up Again - The Wall Street Journal
Why Natural-Gas Prices Are Suddenly Bubbling Up Again
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Aug. 9, 2023 at 5:30 PM EDT Live Coverage Feed
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The flap of a butterfly's wings can cause a typhoon half the world away, at least according to popular versions of the idea known as chaos theory.
In much the same way, it turns out a threatened strike in Australia can whip up a squall in energy markets from the U.S. to Europe.
Workers at several major liquefied-natural gas platforms off the coast of Western Australia have voted for industrial action, the Australian Financial Review reported Wednesday. They could be joined by workers in at least two other locations, according to the newspaper.