Money Distilled

How US Energy Independence Changed Geopolitics

“America First” was enabled by fracking.

Fracking: a global gamechanger.

Photographer: Justin Merriman/Bloomberg
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

Here’s a point that I never tire of making. If you’re a long-suffering reader, you may even have heard me make it before. (Don’t worry, it’s not the one about crystal balls.)