Rising U.S. natural gas production from shale formations has already played a critical role in weakening Russia’s ability to wield an “energy weapon” over its European customers, and this trend will accelerate in the coming decades, according to a new Baker Institute Energy Forum study, “Shale Gas and U.S. National Security.”
The study, funded by the U.S. Department of Energy, concludes that timely development of U.S. shale gas resources will limit the need for the United States to import LNG for at least two to three decades, thereby reducing negative energy-related stress on the U.S. trade deficit and economy. By creating greater competition among gas suppliers in global markets, shale gas will also lower the cost to average Americans of reducing greenhouse gases as the country moves to lower carbon fuels.