The United States is set to become “energy dominant”, boosted to prominence by its low-cost oil and gas supplies as global prices rise in the future, Bank of America said in a presentation on Wednesday. The shift to renewables will inevitably hike prices for fossil fuels and will keep them volatile—particularly in Asia and Europe. This scenario, according to BofA, will favor low-cost producers and exports such as the United States. Francisco Blanch, BofA’s managing director of global commodities research, sees the U.S. as having a “good run” in the hydrocarbons market this decade and maybe even the next. And several other analysts, such as JP Morgan, are calling for those high prices that BofA says will catapult the United States to energy dominance as soon as next year. JP Morgan analysts have suggested in a new report this week that oil could reach $125 per barrel next year […]