Trends in the Development of the US Fuel and Energy Complex

Abstract

The article considers the historical background to the formation of the US fuel and energy sector. Over the last century, the US has faced a number of large-scale shocks to both the global economy and the energy markets, placing the issue of achieving energy security at the top of the country’s political priorities. The geographic structure of the oil and gas trade as well as domestic sectoral demand is examined. The article assesses the possible effects of the new industrial policy on domestic energy demand and analyzes the investment cycle of oil and gas companies, which was characterized by a relatively high sensitivity of capital investments to price dynamics. The insignificant influence of the climate lobby on the volume of emissions and the consumption of fossil energy resources was noted.