"US Natural Gas Supply Suffers Amid Winter Freeze and Soaring Demand"

Sub-zero temperatures in the U.S. have caused a significant drop in natural gas production, leading to record-high electricity demand in some states, particularly Texas. The state's grid regulator issued a conservation call due to freezing temperatures and low operating reserves. With gas and oil production declining in North Dakota, gas prices have surged, potentially setting the stage for a repeat of the 2021 winter power outages.