In 2010, a gathering of oil executives at Cipriani celebrated the potential of fracking, a technique that would soon enable the U.S. to lead the world in natural gas production. Ten years later, the U.S. accounts for 25% of global natural gas output, thanks largely to fracking, which has become integral to its energy strategy. Today, fracking provides substantial oil and gas for both civil and military uses, empowering the U.S. to redefine its trade approach while diminishing reliance on foreign energy, particularly from Russia. Under Trump's administration, energy security through fracking has increasingly become a tool for geopolitical leverage, with potential implications for tariffs and trade deals with the EU.
Fracking has transformed the U.S. from a hydrocarbon importer to the leading natural gas producer, reshaping energy security and global trade dynamics.
The executive predicted fracking would revolutionize oil markets. A decade later, it's fueling U.S. energy independence and influencing geopolitical relations with Europe.
Collection
[
|
...
]