The impact of shale gas on global markets is likely to amplify its environmental benefits. U.S. shale gas development will not only hold down U.S. natural gas prices; its effects on prices will be global.

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Gunners from the Armed Forces of Ukraine fire at Russian position with a 155 mm self-propelled howitzer 2C22 in the Kharkiv region on April 21, 2024. (Anatolii Stepanov/AFP via Getty Images)