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

Date: October 2, 2022 Time: 19:19:21

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

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

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

While fluctuating energy prices and supply chain problems threaten European countries with what “some economists warn could be a new era of deindustrialization,” the US government has passed a series of measures to stimulate industrial production, according to the publication.

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

Svein Tore Holseter, CEO of Yara International, a major Norwegian fertilizer company, said it could be difficult for European producers 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 EU. In his opinion, 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, during the winter, European storage facilities will be depleted faster than before, which will make it difficult to prepare for the upcoming heating seasons.

Source: lenta.ru

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