ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Datawatch

U.S. freed from burden of high crude oil prices

Washington to reduce Middle East involvement even further

KAZUYA HIRUTA, TATSUYA GOTO and KAZUYA MANABE, Nikkei staff writers | U.S.

TOKYO/NEW YORK -- Terms of trade have greatly improved for the U.S. since the so called Shale Revolution enabled it to substitute oil imports and become a net energy exporter.

A country's terms of trade describe the relationship between its cost of raw materials and export prices. In energy terms, the U.S. is now insulated from high Middle Eastern crude oil costs, giving it a significant competitive advantage globally.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more