The rise of the U.S. as the world's top oil and gas producer and now growing exporter, puts energy at the center of U.S. trade negotiations both as a lever and a potential source of friction.
The rise of the U.S. as the world's top oil and gas producer and now growing exporter puts energy at the center of U.S. trade negotiations both as a lever and a potential source of friction.
"It's a big positive in U.S. trade talks with China. Until matters are resolved, it's a source of friction. it's also part of the equation in the European gas market," said Dan Yergin, IHS Markit Vice Chairman. Perry said the whole range of U.S. energy, including nuclear, has made the U.S. a powerhouse."All of it plays a role. America is the leader in the energy sector, not just fossil fuels, he said.
Trade experts see Europe as the next front in the Trump administration's efforts to make trade more fair for American companies. The Wall Street Journal reported that the Trump administration is preparing to enact sanctions against the pipeline. The president reportedly sees the pipeline from Russia as a threat, particularly since the U.S. protects Europe militarily."Russian gas is going to come to Europe no matter what pipeline it goes through," said Yergin. He said there will still be a need for U.S. LNG in Europe.
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