What leaves once, will not come again. While energy prices in Europe are going through the roof, they remain moderate in the USA. This will have serious consequences for energy-intensive industries.
The Wall Street Journal (paid article) is already rubbing its hands together for the US economy. It is twice beneficial: high prices for LNG exports and new jobs in the future. It’s Win/Win – Lose. One of the losers for Germany is Areclor-Mittal. Now they are turning down the first blast furnace. Here, too, the USA is profiting. The FAZ reports:
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