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We are the dominant energy power, - Trump's economic advisor

According to Larry Kudlow, the U.S. can outrun Russia in the next couple of years
11:30, 9 October 2018

Reuters

Larry Kudlow, Trump’s Chief Economic Advisor, stated that the U.S. can challenge Russia in the energy sector, as The Hill reports.

“We are the dominant energy power. We will be producing 15 million barrels of oil per day in a couple years. We’re passing [the] Saudis. We’re passing Russia," Kudlow said.

Related: Russia launches Crimean reactors with Siemens gas turbines sold in scam to avoid EU sanctions

He added that American gas producers have more reserves from the Permian Basin and have to simply flaring it, as they do not use it.

"So what does that mean? Means we have to have infrastructure for pipelines, east, west, west, east. Get this stuff to the northeast, get this stuff to Europe and challenge Russia’s hegemony on nat gas and LNG [liquified natural gas]. This is doable. We have to really focus on the energy sector. Most of this stuff can be done privately," he said.

Related: We will suffer minimal losses, - Prime Minister on gas prices increase

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