The influence of US policy on energy across the world is huge, and this is evident in the fact that conversations among EnergyConsidered’s opinion leaders on this topic often appear in the mainstream media, rather than being a discussion among specialists.
The US influence is felt heavily in everything from oil and gas contracts to clean energy, and now that President Trump has taken office the balance has already begun to swing in favour of the oil and gas industry. With a majority in both the House and the Senate, as well as an incumbent in the White House, the Republican agenda is likely to be delivered on issues such as deregulation. This ability to deliver Republican policies without the delay and modification that might have been required to satisfy Democrat-majority bodies means that change could be radical and rapid, and have a global effect.
A new impetus to maximise both oil and gas extraction by fracking, and US oil and gas exports, will have global repercussions. So will the new US government’s inclination to exit international structures such as the Paris Agreement on climate change and its geopolitical relationships with countries such as Russia and China.
