There are two schools of thought on the curious spot at which the energy industry now...
Marie D. De Jesús, Houston Chronicle / Staff photographerThere are two schools of thought on the curious spot at which the energy industry now sits.
European countries will be clamoring to buy U.S.-produced natural gas as the intensifying war in Ukraine puts Russian supplies in peril and leads them to rethink their sources of energy over the long-term. Germany, for example, has blocked the Nord Stream 2 pipeline that was built to transport Russian gas to Western Europe, and plans to build two liquefied natural gas import terminals.
But on the other hand, the current energy crisis could be a watershed moment for clean sources of energy. Electric vehicle technology has also reached the point where it is competitive with internal combustion engines, with the recent surge in gasoline prices leading to a jump in EV sales.
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