IAHL Corporation (IAHL)

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The Wall Street Journal
America’s New Energy Crisis

America’s New Energy Crisis
Christopher M. Matthews
Sat, July 30, 2022 at 12:00 AM
In this article:

NG=F
+1.87%


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+1.95%

America is wrestling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. The rise of fracking, which extracts oil and gas from shale rock, unlocked cheap domestic supplies while cleaner energy provided by wind and solar farms became far less expensive. It came undone thanks to a haphazard transition to renewable energy, reduced investment in oil and gas production, political inaction and unexpected economic forces triggered by the pandemic and lockdowns.