North America’s production of natural gas, increasingly derived from fracturing the continent’s extensive shale deposits, has in just a few short years radically scrambled the global gas market. When viewed alongside rising U.S. onshore oil production (also derived from shale), national security analysts frequently speak about an impending “energy independence” for the U.S., i.e., a self-sufficient supply position satisfying domestic demand for oil and gas. In recent weeks, Donald Trump has embellished this outlook further, declaring an era of American “ Energy Dominance ” is coming on the heels of the Shale Revolution. The United States seems again in control of its own energy destiny, and its hydrocarbons, enabling the projection of market influence across the globe. Taking stock, and looking at […]