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US House panel examines improved US resource position, geopolitics
Oil & Gas Journal: A dramatically improved US oil and gas resources outlook in the last 10 years has created important geopolitical and trade opportunities while making the country more secure in energy and economic terms, witnesses told a US House Foreign Affairs subcommittee on May 22.
They also said it will be essential to keep transportation systems reliable if the US expects to compete for long in global energy markets.
“Upstream innovations have shifted the competitive landscape in global oil and gas markets to the point where now the US is a growing supplier,” observed Kenneth B. Medlock III, senior director at the Center for Energy Studies at Rice University’s Baker Institute for Public Policy.
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