In October 2013, for the first time in twenty years, the United States produced more crude oil than it imported. US oil and gas production is evolving rapidly. The prospect of an energy- independent United States will dramatically reshape domestic and foreign energy industries and reposition the United States as an energy exporter rather than an importer. This session will equip you to advise clients on the major regulatory developments emerging from this significant transformation, including regulations regarding shale oil and gas production, transportation and storage and liquified natural gas storage and export. The session will also touch on US and global views from a policy perspective, including the longer term implications for US energy policy and international trade and foreign policy—particularly considering recent developments in the Middle East.