America will remain "the undisputed oil and gas producer in the world over the next several decades" says IEA. : America's oil and gas boom is responsible for lowering the trade deficit by about $250 billion over the last decade, according to a new report from research firm IHS Markit. Unfortunately, this economic success story might not last much longer. President Trump's "Section 232" tariffs on imported steel and aluminum are already threatening our energy exports. The president has long promised to close America's trade gap.