Increased U.S. natural gas exports to Europe is ‘driving up prices’ at home, Heritage Foundation expert tells FOX Business. Current natural gas market conditions could signal pain for consumers this winter and sustained issues for years to come, according to energy economists interviewed by FOX Business. The experts said the energy crisis in Europe, in part caused by Russia’s invasion of Ukraine, will continue to hurt consumers in the U.S. through the winter as global natural gas and oil supplies are strained. They also noted that the green energy push heralded by the Biden administration and several state governments will further lead to

Private Equity groups are becoming large financiers of fossil fuels as big banks wind down hydrocarbon investment. The 10 largest private equity funds have  80% of their energy investments in fossil fuels. Whereas banks and oil firms are accountable to their shareholders and to the public, private equity firms are only accountable to their limited partners. Over the past couple of years, Wall Street banks, E&P companies and investors have faced mounting pressure to disinvest in fossil fuels. Last year, BlackRock Inc. (NYSE: BLK), the world’s largest asset manager with $10 trillion in assets under management (AUM), sent shockwaves through the fossil fuel