{"id":503344,"date":"2022-07-06T09:18:02","date_gmt":"2022-07-06T03:48:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=503344"},"modified":"2022-07-06T09:29:58","modified_gmt":"2022-07-06T03:59:58","slug":"natural-gas-soars-700-becoming-driving-force-in-the-new-cold-war","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/natural-gas-soars-700-becoming-driving-force-in-the-new-cold-war\/","title":{"rendered":"Natural gas soars 700%, becoming driving force in the new cold war"},"content":{"rendered":"<p>One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from US shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured. <\/p>\n<p>It sounds like a story for the local press, at most \u2014 except that more than three weeks later, financial and political shockwaves are still reverberating across Europe, Asia and beyond.<\/p>\n<p>That\u2019s because natural gas is the hottest commodity in the world right now. It\u2019s a key driver of global inflation, posting price jumps that are extreme even by the standards of today\u2019s turbulent markets \u2014 some 700% in Europe since the start of last year, pushing the continent to the brink of recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from US shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured. It sounds like a story for the local press, at most \u2014 except that more than three weeks later, financial and political shockwaves are still reverberating across Europe, Asia and beyond. That\u2019s because natural gas is the hottest commodity in the world right now. It\u2019s a key driver of global inflation, posting price jumps that are [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-503344","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=503344"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503344\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=503344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=503344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=503344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}