When news that Chinese factories were shutting down for lack of electricity and that many in Europe were struggling to pay their electricity bills, it ignited fears that the crunch squeezing Europeans would spill over in the United States. After all, shale drillers remained cautious about boosting demand and focused instead on returning cash to shareholders.
Exporters, on the other hand, geared up for massive increases in the amount of gas sent abroad, where buyers were willing to pay hefty premiums. The fear quickly deepened. Yet, not all…Can U.S Shale Drillers Help Prevent An Energy Crunch?
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