Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation is expected to persist as the country exports more gas to Europe to make up for Russian supplies lost to sanctions, according to Reuters.
Many industrial company executives believe the U.S., once a large importer of natural gas, should stop exporting gas and prioritize its own needs. But gas producers are pushing for more export capacity along with more permits for drilling. Read more.