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Without fanfare, China passed the United States in December to become the world's leading importer of oil – the first time in nearly 40 years that the U.S. didn’t own that...
A strong rebound in gas and then oil production in the United States over the past few years has taken markets and policymakers by surprise (see Chart 1). As a result, natural gas prices in...
It is a shift as momentous as the U.S. eclipse of Britain's Royal Navy or the American economy's surpassing of the British economy in the late 19th century. According to preliminary figures...