The US holds ample reserves of natural gas to help supply rising world gas demand, particularly for gas-fired electric power generation in Asia.
It’s clear that no country has found greater opportunity in recent years than the United States. The US will most likely become the world’s largest oil and gas producer this year. That’s affordability, availability, and sustainability all in one.
I firmly believe the abundance of shale gas has reshaped advantages that the US can offer the global economy.
I believe we are witnessing, and participating in, the re-industrialization of the United States and I think it’s fair to say that the development of horizontal drilling may have been the biggest shift of balance in the global economy since China jointed the World Trade Organization.