The U.S. economy is emerging as a winner from the European energy crisis triggered by the Ukraine war, as manufacturers seek cheaper energy
Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy crisis could look like in Europe, and how it might ripple through the world.
Illustration: David FangAMSTERDAM—A big winner from the energy crisis in Europe: the U.S. economy.that make steel, fertilizer and other feedstocks of economic activity are shifting operations to the U.S., attracted by more stable energy prices and muscular government support.
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