Trends in the Development of the US Energy Sector
Abstract
The paper examines the historical prerequisites of the formation of the US fuel and energy sector. Over the past century, the United States has experienced numerous large-scale economic and energy market shocks, which have led to the prioritization of achieving energy security at the national level. The article considers geographical structure of oil and gas trade, as well as domestic sectoral demand. The study assesses the potential ramifications of a novel industrial policy on domestic energy demand and undertakes a comprehensive analysis of the investment cycle of oil and gas companies, which exhibits a notable sensitivity of capital investments to price dynamics. The study also noted the insignificant impact of the climate lobby on emission levels and demand for fossil fuels.
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References
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