The European energy crisis has pushed many companies that make steel, fertilizer, and other products to shift their output to the U.S., where energy prices are stable and the federal government provides incentives to expand, the Wall Street Journal reported. Chemical maker OCI has boosted their U.S. production, which this month said it would expand an ammonia […]
Read MoreEurope’s Energy Crisis
Europe is in the middle of a true energy crisis, and it appears that it will get worse before it gets better. Low wind output, skyrocketing commodity prices and low natural gas inventory levels are putting Europe, and most of the Northern Hemisphere, in a very compromised position heading into the winter months.
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