Bloomberg Surveillance · Monday, August 31, 2026
Paul Sankey argued that the U.S. possesses a significant advantage in AI development due to its access to the cheapest natural gas in the world. He explained that elevated oil prices help maintain drilling activity, which in turn yields abundant associated natural gas, a critical factor for powering AI infrastructure.
“And one of the huge advantages the U.S. has is the cheapest natural gas.”
“One of the reasons for that is because the elevated oil price keeps drilling high. And you have enormous amounts of free natural gas, associated natural gas prices. that comes out from that relationship.”
“So at a high level, it's not complicated, but they just don't seem to get it, that it's not good to bring down the oil price for the U.S., for the industry, nor for the U.S. Gas supply.”