Is US oil dominance ending? Wood Mackenzie VP Robert Clark on the future of shale
The US has dominated the oil and gas sector in the last decade. But how long could this dominance last, given lower oil prices today, and what would a waning American oil dominance mean for oil markets globally in the future.?Moreover, in the longer term, could the US continue to dominate the energy sector as the transition to clean energy quickens again, or will the Chinese competition prove too much for America in the future?
Robert Clark, the Vice President of Upstream Research at Wood Mackenzie, joins Al Arabiya Business’ Naser ElTibi from Texas to discuss his latest report on the topic titled “tough on the top.”
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