Fracking and horizontal drilling get top billing for the past decade’s meteoric rise in U.S. energy output, but don’t forget the overseas buyer in the role of best supporting actor. U.S. production would never have surged as it did without exports — and those exports are now in trouble.
After years of steep rises, trend lines are simultaneously turning negative thanks to COVID-19. From crude oil to liquefied natural gas (LNG) to coal, outbound volumes of U.S. energy commodities are falling, in...
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