Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy crisis could look like in Europe, and how it might ripple through the world. Illustration: David Fang An unlikely victim is emerging in Europe’s energy crisis: France. For years, the French state has been a cornerstone of the European energy market, thanks to its huge fleet of nuclear reactors. They enabled the country to export cheap power to nearby countries, helping keep electricity prices in check across the region. But France is contending with its worst nuclear outages in decades, putting it at greater risk of blackouts this winter than big neighbors experiencing their own energy headaches . The danger is even higher than in Germany, which is bracing for economic pain as Russia throttles gas supplies to […]