America’s emergence as an energy powerhouse gives it a key lever in global trade talks



Patti Domm | CNBC

  • Increased sales of U.S. energy are a significant part of trade negotiations between the U.S. and China.
  • The growth in U.S. exports and rising U.S. clout in the global energy market was a topic of discussions in many of the meeting rooms at the IHS Markit annual CERAWeek conference in Houston.
  • Trade experts see Europe as the next front in the Trump administration’s efforts to make trade more fair for American companies.

The rise of the United States as the world’s top oil and gas producer and now growing exporter puts energy at the center of U.S. trade negotiations — as a lever and a potential source of friction.

The International Energy Agency said Monday the U.S. should surpass Russia as an oil exporter in three years and challenge Saudi Arabia for the top spot within five as U.S. oil output continues to grow.

That, together with the expected growth in U.S. exports of liquefied natural gas, is expected to turn the United States into the world’s biggest exporter of energy.

[Read more here.]