Donald Trump’s economic and strategic vision is riddled with contradictions. None is greater than the clash between his plan to flood the world with American oil and gas, and his other plan of bringing Russia in from the cold.
The only reason why Europe is importing so much US shale gas today, and why liquefied natural gas is trading at a nose-bleed prices of €15 MMBtu ($24.82), is because Russian flows to Europe have slowed to a trickle. The world market has lost 120 billion cubic metres of supply trapped in Western Siberia.
