It became known about the benefits of the United States from the crisis in Europe

0 15

WSJ: Due to high gas prices, European companies are moving their production to the US.

The biggest beneficiary of Europe’s energy crisis is the US economy. This was written by the Wall Street Journal (WSJ).

It notes that high gas prices are forcing European companies to move their production to the United States, where they are attracted by more stable energy prices and government support.

As energy prices fluctuate and supply chain problems leave European countries “in what some economists warn could be a new era of deindustrialization,” according to the publication, the US government has taken a number of measures to boost industrial production.

As a result, officials say the scales are tipping in America’s favor, especially for companies with projects in chemicals, batteries and other energy-intensive products.

Sven Tore Holsetter, CEO of major Norwegian fertilizer company Yara International, said European producers may find it difficult to remain competitive with current gas prices and the stimulus measures currently being offered by the US government.

Earlier, the heads of European energy companies interviewed by Bloomberg called the deadline for the end of the gas crisis in the European Union. According to him, the winter fuel shortage will last until at least 2025. It was noted that if the Russian Federation decides to completely cut off gas supplies to Europe, in winter, European storage facilities will decrease faster than before, making it difficult to prepare for the upcoming heating season.



Source: lenta.ru

*Translated based on article content lenta.ru. If there is any problem regarding content, copyright, please make a report below the article. We will try to process as quickly as possible to protect the author’s rights. Thank you very much!

*We want to make information more quickly and easily available with other multilingual content, rather than only available in one specific language.

*We always respect the copyright of the author’s content and always include the original link to the original article. If the author disagrees, report below the article, the article will be edited or deleted at the request of the author. Thank you very much! Best wishes!



For all the latest Economy News Click Here

Denial of responsibility! EODBA is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at amritpaljha@gmail.com The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.