The emergence of the United States as an energy superpower has reshaped the global economy. Good news for its allies, right?
Well, not necessarily…
In Texas, fracking has turned America from a major importer into the world’s biggest energy producer, effectively creating “another Saudi Arabia” almost overnight.
But as Europe looks to the US to plug the energy gap caused by wars in Ukraine and the Middle East, the reality on the ground is more complicated.
Ed Conway, our economics and data editor, joins Niall to explore why the US can’t simply ride to the rescue and what that means for the UK’s energy security.
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