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A rig hand removes drill pipe from a natural gas well at a hydraulic fracturing site in Washington Township, Pennsylvania.
“There is a big shift in market structure taking place and I think, so far, it really hasn’t got the attention it deserves. The U.S. is emerging as, not only a military and economic superpower, but as an energy superpower,” Martin Fraenkel, president at S&P Global Platts, told CNBC.
“We are expecting that by 2020, the U.S. is going to be one of the top 10 oil exporters in the world,” he added.