U.S. SHALE RISK
FT - Members of President Donald Trump's cabinet have a new catchphrase for how they see the future role of the US: not just "energy-independent", but "energy-dominant". As Ryan Zinke, the interior secretary, put it at an industry conference in Houston last week: "Dominance is what America needs."
It would be tempting to dismiss that talk as hype, except that every week the US energy sector is coming up with evidence to justify that ambition. The latest round of earnings reports from US exploration and production companies,…
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