Is the United States energy dominant, as the Trump administration purports?

January 07, 2018

Advancements in shale technology and expansion of the United States’ pipeline network and oil export infrastructure have enabled it to export hydrocarbon resources for the first time in decades. This rapid increase in U.S. oil and gas production is transforming the global energy market. Supply has exceeded demand, slashing oil prices from over $100 a barrel to the mid-50s.