Oil exports hit new 3 million barrels record

Reuters | Ernest Scheyder
The U.S. could expand shale gas output another 60 percent in the coming decades in addition to already being the world’s largest gas producer.
Already the world’s largest gas producer, the United States can expand shale gas output another 60 percent in the coming decades, according to at least one estimate. So far, liquefied natural gas (LNG) has been spared from retaliatory tariffs in U.S. President Donald Trump’s intensifying trade conflicts with China and other countries. “We see a century of natural gas supply in U.S. shale,” Ryan Lance, chief executive of U.S. shale producer ConocoPhillips said this week at the triennial World Gas Conference in Washington. “Shale’s abundance is real and it’s not going away.”
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