The impact of shale gas on global markets is likely to amplify its environmental benefits. U.S. shale gas development will not only hold down U.S. natural gas prices; its effects on prices will be global.

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President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025, in Turnberry, Scotland. (Andrew Harnik via Getty Images)