A rethink of current energy priorities and policies may be necessary to give further momentum to the U.S. shale oil and gas sector, an industry group said. The American Petroleum Institute, which compiles data and represents the interests of the oil and natural gas sector, said well completions for natural gas were down 70 percent and for oil by 90 percent when compared to first quarter 2015. Hazem Arafa, director of statistics for the API, said in a statement growth in shale has led to lower energy prices, which are acting as a de facto stimulus for most American consumers. “To continue this progress, we must revisit current energy policy, speed up the LNG […]