Shale gas and shale technology have brought the U.S. closer to energy independence more quickly than imagined. The technological breakthroughs and the byproducts are leading to exports that may help build global alliances.
We have exported our first shipment of liquefied natural gas (LNG) to Poland which can pave the way for decreased reliance on Russian oil and gas in Europe. http://fuelfix.com/blog/2017/04/27/cheniere-ships-lng-to-poland-as-europe-seeks-less-reliance-on-russian-gas/
These breakthroughs along with global demand may change the narrative from price to volume and operating efficiency.
“We are using new, abundant domestic energy supplies to provide products to the world at a competitive advantage resulting from lower costs and abundant raw materials. In this way, an upstream technology breakthrough has led to a downstream manufacturing renaissance,” Exxon CEO Darren Woods said.