The US energy revolution

ENERGY

Much has been written about the US ‘shale boom' but less has been said about its wider implications for investors. Poppy Allonby, portfolio manager of the BlackRock New Energy Investment Trust, explains how the energy boom is rebooting and recharging the economy.

An energy boom is rippling through the US with the decades of rising consumption and falling supply reversing. Natural gas production is hitting new highs, and oil production is at its greatest since the late 1990s. Industry experts are forecasting that the US may become energy independent by 2030. Just four years ago, companies were spending billions of dollars to build liquefied natural gas (LNG) terminals to import natural gas. Today these terminals are being re-engineered for export. Global or local? The past few decades has seen oil traded, traditionally from regions such as th...