Natural gas prices are 10 times the usual—upending industries, angering consumers, and panicking politicians. If most of the world is struggling with higher energy prices, Europe is being stretched on the rack, forcing European leaders to improvise bailout plans and emergency measures to spare consumers from damaging economic pain come winter. The biggest problem is spiking natural gas prices, which have been wreaking havoc across the continent, turbocharging inflation, hamstringing industries, and making ordinary people shudder when they get their power bills in the mail. European natural gas prices are now around 10 times higher than they were on average...