For years, the United States has been riding high on an energy wave, fueled by booming shale oil production and surging liquified natural gas (LNG) exports. Washington seemed to be sending a clear message to the world, particularly to OPEC nations: “We’re independent now. We don’t need you.” But recent actions by the Organization of the Petroleum Exporting Countries (OPEC) suggest that narrative might be premature, and the energy landscape is about to get a whole lot more complicated. OPEC has fired back, making a calculated move that throws a wrench into the US’s energy dominance ambitions. By tightening the…
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