Can energy close US trade gaps?

Contributing sentiments towards policy:

75% : Oil and gas last year represented 15% of total US exports to Japan, 21% of exports to the EU, 28% of exports to South Korea, and 30% of exports to India.
59% : " The US is already an important energy supplier to the world: the largest producer of both oil and gas, the largest exporter of LNG, and one of the largest exporters of crude oil and petroleum products.
58% : The senators, including Lisa Murkowski of Alaska and John Curtis of Utah, say they want tax reforms to improve efficiency and fiscal sustainability, "without undercutting current and future private-sector investments that are vital to domestic manufacturing, energy innovation, and affordability for American families."
57% : Take the EU as an example.
57% : The latest US Wind Energy Monitor, from Wood Mackenzie and American Clean Power, shows that 5.2 gigawatts of wind generation capacity were installed in the US last year, down from 7 GW in 2023.
56% : If the EU imported all its LNG from the US this year, on Wood Mackenzie's forecasts, that would be worth about an additional US$25-35 billion.
56% : The US Department of Energy has announced that when it supports academic research it will limit payments for indirect costs to 15% of project costs.
55% : Administration officials say they will be working intensively to agree new trade deals, with President Trump personally handling negotiations with the 10 or 15 most important countries.
53% : If the EU bought all its imported light crude from the US, that could increase its purchases from about 1.6 million barrels per day to about 3.6 million b/d. At today's prices, that increase would be worth roughly US$50 billion a year.
51% : Republicans in Congress are negotiating the details of a budget package with the aim of agreeing cuts in taxes and government spending.
50% : President Trump last week highlighted the potential for oil and gas to reduce the EU's bilateral trade surplus with the US.
50% : If the EU imported all of its diesel from the US, rather than the 10%-20% it does now, that might increase annual purchases of US fuel by roughly US$15-20 billion.
46% : That is less than half the US bilateral trade deficit with the EU, which was US$224 billion last year.
44% : Four Republican senators have written to the leader of their party in the Senate, supporting energy tax credits that were included in the Inflation Reduction Act of 2022.

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