U.S. Energy Helps Cushion Global Supply Shock From HormuzThe U.S. energy system has helped mitigate the shock loss of oil and LNG supply from the Middle East when the Strait of Hormuz closed to traffic and sent refiners and gas importers worldwide scrambling for alternative supply. But the role of “the world’s energy stabilizer”, as API put it in its article, comes at a cost for the U.S. energy system. Yet, America’s energy system has helped cushion what could have been a much more severe shock,” API said. The role of U.S. oil and gas production in helping stabilize global energy supply has been decades in the making, with continued investments in supply and infrastructure to bring this supply to markets. According to API, energy security needs continued investment in supply through the cycles.