The American energy story in 10 charts
Flickr / Simon Fraser University
In just a matter of years, the American "energy renaissance" has made the region a leader in global oil.
Joseph P. Quinlan, the chief market strategist at US Trust, attributes the US's energy boom to three factors:
One, pro-market policies at the state and local level. Two, revolutionary technologies. And three, "good old American entrepreneurship/risk-taking."
"By combining all three, the United States has upended the global energy markets," he wrote in a recent note to clients. "However, and unfortunately, the boom has also turned a virtue (soaring oil/gas production and the attendant positive effects) into a vice (oversupply and ensuing negative knock-on effects)."
Oil prices have been depressed since crashing in the second half of 2014, and that's had huge implications for the industry. With that in mind, US Trust put together the following 10 charts that show exactly where American energy is right now - and what it might mean for the future.
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