On Monday, local time (November 4th), French energy giant Total's CEO Patrick Pouyanne stated that regardless of the election outcome, the next US president will work to maintain the US energy dominance rather than risk losing it.

The data from the US Energy Information Administration shows that the US is the world's largest oil-producing country, accounting for 22% of the global total production, followed by Saudi Arabia at 11%. The US is also the world's largest oil consumer, with the majority of its crude oil being consumed domestically.

Attending the annual Adipec oil conference held in Abu Dhabi, Pouyanne stated in a media interview, "US energy has been unleashed, in fact, looking back over the past two to three years, one will find that oil production has never been this high... the US shale revolution is indeed happening."

About 64% of the US crude oil production comes from shale oil. Pouyanne mentioned that the US will soon become the world's largest producer of liquefied natural gas (LNG).

After the outbreak of the Russia-Ukraine conflict in February 2022, the EU decided to reduce its reliance on Russian fossil fuels and immediately began importing large quantities of LNG from countries like the US. Currently, the US is competing with Australia and Qatar for the title of the world's largest LNG exporter.

Pouyanne pointed out that energy has become a major competitive advantage for the US, and regardless of which camp wins, efforts will be made to maintain the US's dominant position in this field.

Whether it is US exports or geopolitics, its dominant position in the energy sector has played a role. Data from the international institution Cedigaz shows that the US supplied nearly half of Europe's LNG last year, with the majority coming from shale drilling production.

The 2024 US presidential election will be held on Tuesday local time, with both presidential candidates having evenly matched support rates.

Republican presidential candidate Trump has always been a supporter of fossil fuels. If he wins the election, he will naturally strive to maintain the US advantage in the oil and LNG industry.

As for the Democratic presidential candidate Harris, although promoting the transition to green energy is a goal of left-wing parties, Harris has changed her stance on hydraulic fracturing. Harris had been against hydraulic fracturing before, but in August, she pledged that if elected president, she would not ban hydraulic fracturing.

Hydraulic fracturing is a process used to extract shale oil and gas, which involves the use of large amounts of water and may cause environmental damage, hence opposed by climate activists.

Editor / jayden