text: Trump Heads To Texas To Discuss U.S. Energy Dominance | OilPrice.com
  By Irina Slav - Jul 27, 2020, 9:00 AM CDT
  President Trump is still deluding himself by talking about US energy dominance. Even when US shale oil was producing sizeable volumes before it collapsed as a result of the COVID-19 pandemic, the United States wasn't able to achieve energy dominance and oil self-sufficiency.
  Since its inception in 2008, the US shale oil industry has been torn apart by geopolitics and economics. The geopolitics has seen the United States talking of energy dominance and oil self-sufficiency and having a say in the global oil market along with Saudi Arabia and Russia. Such an agenda is dead though the US will still have some influence in the global oil market through the rising volumes of crude oil imports in coming years exactly as China influences global oil demand and prices through its rising crude oil imports.
  As a result, US oil production will be struggling this year and the following years to even produce 6-7 million barrels a day (mbd) leading to a rise in US crude oil imports from 9 mbd in 2019 to 12-13 mbd this year and the coming years.
  The pandemic has shattered for ever any delusions about US energy dominance and set the scene for the eventual demise of the shale industry.