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US on the cusp of enjoying ‘energy superpower’ status, analyst says

Written by Sam Meredith at CNBC

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  • In recent years, America’s unprecedented oil and gas boom has been driven by one factor above all others — and that’s shale
  • “The U.S. is emerging as, not only a military and economic superpower, but as an energy superpower,” Martin Fraenkel, president at S&P Global Platts, told CNBC
  • In November, the International Energy Agency projected a dramatic increase in shale production could transform the U.S. into the world’s largest exporter of liquefied natural gas by the mid-2020s

The U.S. is well-placed to join the likes of Saudi Arabia and Russia as one of the world’s leading energy powerhouses, an analyst said Thursday.

“There is a big shift in market structure taking place and I think, so far, it really hasn’t got the attention it deserves. The U.S. is emerging as, not only a military and economic superpower, but as an energy superpower,” Martin Fraenkel, president at S&P Global Platts, told CNBC.

“We are expecting that by 2020, the U.S. is going to be one of the top 10 oil exporters in the world,” he added.

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Written by Sam Meredith at CNBC

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