In the fallout of the current crisis, one more statistic can be added to the toll of Covid-19 – US Energy Independence. The Shale Revolution was responsible for the growth in US oil and gas production that lead to the President, Energy Secretary and industry bodies heralding the era of US energy independence and US energy dominance. But, with the oil markets in turmoil, US shale producers who account for over two-thirds of US production (and in particular the Permian Basin which accounts for almost forty percent of total US production) have…
