Energy markets are likely to remain tight in the coming months, especially if the European winter turns out to be cold. EU leaders are increasingly saying that the situation has become ‘unbearable’ for households and businesses. In a recent article, Gerben Hieminga and Warren Patterson analysed policy options, but concluded there is no panacea. So what does the high gas price mean for the construction industry? Rising gas prices increase production costs for several industries, but manufacturing, agriculture (eg. horticulture) and transportation are particularly large users of natural gas. In comparison, the ... (full story)