US Emerges as World's Energy Stabilizer Thanks to Decades of Investment
The United States has become the world's largest oil producer and largest source of new global oil supply, thanks to decades of investment and innovation in the oil and natural gas industry.
The US invests around $150 billion annually in upstream production alone, not including billions more invested in pipelines, refineries, export terminals, and other critical infrastructure. This sustained investment has transformed America's role in global energy markets.
Today, when disruptions occur elsewhere, the US is uniquely positioned to help stabilize global energy markets, keep energy flowing, and soften the impact on consumers.
The current disruption has tested global energy markets, with uncertainty remaining high due to market tightness and low inventories. However, the US's energy system has helped cushion what could have been a more severe shock.