IEA: U.S. global oil and gas leader

IEA: U.S. global oil and gas leader

Editorial Staff
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U.S. President Donald Trump's aspirations for America's "global energy dominance" are set to become increasingly tangible

According to the International Energy Agency (IEA), the United States is set to break every record thanks to the shale revolution, bettering Saudi Arabia in oil and Russia in gas. America is developing oil and gas production at an unprecedented pace and could establish itself as a net oil exporter and the world’s largest LNG supplier in as little as ten years. OECD projections also see the U.S. as a winner, with shale production expected to rise even further in the future. "The United States - says the IEA’s executive director Fatih Biroll - is set to become the undisputed global oil and gas leader, with implications for global energy markets," at both the regional level, with the development of resources in North America, and at the international level, with consequences for the geopolitical balance. OECD forecasts published in the Agency's new World Energy Outlook lend credibility to Donald Trump's aspirations of America's "global energy dominance."