How the Russia-Ukraine crisis will affect U.S. energy prices
Posted on AllSides February 23rd, 2022
From The Left
The Russian government's moves to redraw the map of Ukraine, while threatening to conduct a wider and more devastating invasion, is already impacting turbulent energy markets.
Why it matters: The clearest way Americans will feel the price of the conflict may be in the form of energy costs, especially the price of gas at the pump.
The big picture: Russia is one of the world's top oil and gas suppliers, and Europe relies on the country for about 40% of its natural gas supplies.
As expected, natural gas prices in Europe climbed Tuesday...