вЂњI donвЂ™t think we get a gas crisis,вЂќ Yergin told Bloomberg in another interview. IHS MarkitвЂ™s Daniel Yergin agrees that the United States is not threatened by an energy crunch. He also noted private shale drillersвЂ™ production increase amid higher prices that led to the increase in supply. The mild weather during the fall has helped, too, Slater said, as it helped utilities replenish their inventories more easily than their European counterparts. вЂњWe have adequate inventory and adequate production.вЂќ вЂњYou can see periods of strong pricing, but I donвЂ™t believe in North America we will have any supply disruptions,вЂќ David Slater told Bloomberg in an interview. And, according to some, it will never get as bad in the United States as it is in Europe and Asia.Д«loomberg earlier this week cited the chief executive of pipeline company DT Midstream as saying that despite the higher prices, the United States did not risk an energy crunch because drillers were boosting production, motivated by the higher prices. As substantial as this price increase is, it is still nowhere as substantial as the price rise European utilities have seen. Last Friday, the report said, the Henry Hub benchmark hit $55.16 per million British thermal units, which compared to just $3 per mmBtu a year ago. utilities were having to pay the highest price on record to replenish their reserves ahead of the winter season. The Wall Street Journal reported last week that because of heightened exports, U.S. Rising exports were one reason for the worry that there wonвЂ™t be enough gas for domestic consumption this winter. LNG exporters as they were willing to pay top dollar for the much-needed supply. In the case of Asia, imports account for the bulk of gas consumption, which explains why buyers there were the preferred clients of U.S. The thing about these regions, however, is that they rely on imports for a substantial portion of the gas supply that they need. In Europe and Asia, the crunch was the result of tighter than usual gas supplies because of a cold start to this yearвЂ™s spring in those parts of the world, as well as gas market speculation. Yet, not all believe that the United States is in for its own version of the European energy crunch. Exporters, on the other hand, geared up for massive increases in the amount of gas sent abroad, where buyers were willing to pay hefty premiums. When news that Chinese factories were shutting down for lack of electricity and that many in Europe were struggling to pay their electricity bills, it ignited fears that the crunch squeezing Europeans would spill over in the United States.ДЄfter all, shale drillers remained cautious about boosting demand and focused instead on returning cash to shareholders.

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