Renewable Energy Rewrites Rules of Global Geopolitics As Influence Of Fossil Fuel Producers Falls
Yes, the geopolitical map of energy changes and the on-energy map with it but its not renewables that drive this change but rather the shale revolution in the US. Producers were sure that the US would always import more than they consume. That has changed, and they have a hard time adjusting to this new reality. Suddenly the US is much more willing to stay out of conflicts as they are self-sufficient (or rather soon so). Get used to it as shale will stay an American phenomenon is essence and some producers must find other ways to balance the books.
Much of the geopolitics of the 20th century was shaped by the location of energy supplies – the Middle East assumed outsize importance because most of the world’s oil reserves are there. Other countries such as Russia, Angola and Nigeria, along with Venezuela, are also blessed – or cursed – with plentiful oil or gas, or both.
