https://en.wikipedia.org/wiki/Early_2014_North_American_cold...
There's a lot of idle capacity ready to go right now, but the energy companies are enjoying the higher prices. https://www.texasmonthly.com/news-politics/natural-gas-price...
Production is higher than ever before. Anyone can write any article that they wish. The only public data available right now from the EIA is a little lagged, but keep an eye on the September number when it is available.
The energy companies used to also ramp up production in areas like the Permian Basin as soon as oil/gas reached certain thresholds. They are generally being much more disciplined right now because of uncertainty about the pandemic. From that perspective, the prices are more indicative of the "post-pandemic" economic recovery than inflation. If there was less uncertainty about the pandemic recovery, they would be more likely to invest in additional drilling and the price would come down from current levels. They just don't want to be caught ramping up production while seeing a simultaneous pandemic-driven downturn in demand.