The US unconventional revolution (shale oil and gas production) has made the US the biggest oil and gas producer in the world, which is wildly underestimated in importance; this happened 10-20 years after the original petrodollar agreement, making the agreement less relevant than it was.
factualpending
Speaker
Paul SankiEvidence Quote
“the biggest D gas producer in the world by some way is the United States of America and that was a very long way from the truth not only 20 years 30 years ago when the steel was signed but also um just 10 years ago”
Source
'Never Before Seen' Oversupply Of Oil To Collapse Crude Price? | Doomberg & Paul Sankey— David LinCreated: 8/12/2026, 6:45:10 PM
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