U.S. Achieves Energy Independence After 4 Decades, Buffering Markets as Europe Struggles

U.S. has achieved energy independence for the first time in 40 years, becoming a net exporter of fossil fuels
Energy independence means America is less affected by fossil fuel shortages and price fluctuations in global markets
When Russia invaded Ukraine in 2022, U.S. gas prices rose less sharply than Europe's due to greater energy security
China is increasing energy consumption and imports while the West's remains stagnant
U.S. is expanding both fossil fuel production, reaching new records under Biden, and large-scale renewable energy projects