The energy industry will likely emerge from any trade war with China unscathed

ArticleEnergyApril 5, 2018 - 8:07:36 AM

As the U.S. and China do battle over trade, there's one sector that has been largely left out of the tit-for-tat for now — and that's energy.

The U.S. has plenty, and China wants more. China laid claim to 20 percent of U.S. oil exports last year and importantly, as the fastest growing importer of liquified natural gas in the world, it is a ready importer of U.S. LNG.

In fact, if not for the boom in U.S. energy production over the last decade, the U.S. trade deficit would have been larger by as much as $400 billion or more...

Source: cnbc.com

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