U.S. energy boom cushions economy as Europe’s inflation climbs amid oil shock
Inflation in France, Italy and Germany jumped to multiyear highs in September as the oil shock hit Europe.
U.S. second-quarter GDP growth was revised up to 2.2%, and a key inflation gauge cooled more than expected.
The U.S. shale boom has lifted crude output to about 13.7 million barrels a day and cut Gulf reliance to 8% of crude imports.
Americans still feel the oil shock, with gasoline averaging about $4.15 a gallon in early September.
Qatar’s LNG outage and Hormuz disruptions are straining Europe, which critics say neglected domestic energy.
Read Full Article: https://www.naturalnews.com/2026-10-01-us-energy-boom-cushions-economy-europe-inflation.html
