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According to experts, the dominance of the United States in the energy sector is currently under threat. Experts believe the reason for this is protracted trade conflicts with China and other countries.
Analysts believe that a full-scale confrontation between the United States and China creates considerable difficulties for the effective development of America's energy industry. Trade conflicts threaten the plans of US President Donald Trump to achieve for the country the status of the main exporter of hydrocarbons.
Over the past ten years, energy has acted as a catalyst for the effective development of the United States economic sector. Innovative technologies of the country contributed to the growth of natural gas production by 60%. Thanks to Washington, the trade deficit in the industry has successfully dropped by more than 75%. According to economists, the American economy benefited from this about $ 250 billion a year.
According to analysts, America's dominance in the global energy market could end the protracted trade war with China. Earlier, the White House introduced high protective duties on aluminum and steel imported from the Middle Kingdom. Experts emphasized that in this situation, the US oil and gas structures have lost the necessary inexpensive raw materials for the construction of pipelines. As a result, US manufacturers can not provide 100% of all the needs of power, experts say.
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