The United States has emerged as the world’s largest oil and gas producer, hitting record high production rates in 2024 and accounting for 20 percent of global oil production and 25 percent of global gas production. Now, as the Trump administration reinvigorates a vision of US energy dominance, ambitions to expand oil and gas development for both domestic use and exports are poised to reverberate across energy markets. How will a strategy of energy dominance align with a more energy-hungry