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the United States engaged in tireless diplomacy to persuade consuming nations to end or
significantly reduce their consumption of Iranian oil…. The substantial increase in oil production in the United States and elsewhere meant that international sanctions and US and
allied efforts could remove over 1 million barrels per day of Iranian oil while minimizing
the burdens on the rest of the world. (www.thenation.com 2017)
Micheal Klare cites prominent US energy expert Daniel Yergin as claiming the
American energy boom to be changing the world yet again. According to Yergin, the
US energy boom is solely brought about US energy independence and it continues
to change the US economy and affect both the country’s global energy outlook and
international relations. He believes that:
American energy independence, for decades the preserve of quixotic rhetoric, has become
a serious prospect thanks to the resurgence in US oil and gas output… whether or not that
happens… what is unfolding in the US will continue to change its economy and affect both
international relations and the global energy outlook. (www.thenation.com 2017)
Yergin and other energy analysts shared this idea, offering several ways in which
the energy boom has bolstered the US’ geopolitical reach: the energy boom provides low-cost hydrocarbons for US industries which are energy-intensive such as
cement manufacturing and heavy industrials like aluminum smelting, bulk chemicals, refining, paper products, food, glass, iron, and steel thus sparking a “new
industrial revolution” in the US and strengthening the US economy (www.thenation.
com 2017). According to official statistics, one-third of total US delivered energy,
23.4 quadrillion Btu, were consumed by the US industrial sector in 2010. And this
is expected to rise by 16%, reaching 27.0 quadrillion btu in 2035 (www.oilprice.
com 2017a, b).
The energy boom, and shale gas revolution especially, has presented its own
challenges and opportunities for consumers and producers. With new technology
and energy resources holding the potential to reduce global conflict, new technologies which use in the shale oil and gas revolution reduce the anxiety of competition
for new energy sources of countries such as India and China which will be the
world’s most energy demand by 2035. New domestic oil and gas production would
have a higher priority than energy adventurism. The energy boom gives opportunity
to global powers to focus on growing their economies rather than spending more of
their resources on military adventures to protect themselves against energy insufficiency (www.oilprice.com 2017a, b).
New technologies and energy sources allow governments to extract energy
resources where they were unable to do so before. This new technological capability
increases conflict only at some shared oil and gas fields and at local, regional, and
global levels in a commercial context. However, domestic groups and local movements for autonomy will rise in new energy resources rich regions (www.oilprice.
com 2017a, b).
Shale Gas Revolution
the United States engaged in tireless diplomacy to persuade consuming nations to end or
significantly reduce their consumption of Iranian oil…. The substantial increase in oil production in the United States and elsewhere meant that international sanctions and US and
allied efforts could remove over 1 million barrels per day of Iranian oil while minimizing
the burdens on the rest of the world. (www.thenation.com 2017)
Micheal Klare cites prominent US energy expert Daniel Yergin as claiming the
American energy boom to be changing the world yet again. According to Yergin, the
US energy boom is solely brought about US energy independence and it continues
to change the US economy and affect both the country’s global energy outlook and
international relations. He believes that:
American energy independence, for decades the preserve of quixotic rhetoric, has become
a serious prospect thanks to the resurgence in US oil and gas output… whether or not that
happens… what is unfolding in the US will continue to change its economy and affect both
international relations and the global energy outlook. (www.thenation.com 2017)
Yergin and other energy analysts shared this idea, offering several ways in which
the energy boom has bolstered the US’ geopolitical reach: the energy boom provides low-cost hydrocarbons for US industries which are energy-intensive such as
cement manufacturing and heavy industrials like aluminum smelting, bulk chemicals, refining, paper products, food, glass, iron, and steel thus sparking a “new
industrial revolution” in the US and strengthening the US economy (www.thenation.
com 2017). According to official statistics, one-third of total US delivered energy,
23.4 quadrillion Btu, were consumed by the US industrial sector in 2010. And this
is expected to rise by 16%, reaching 27.0 quadrillion btu in 2035 (www.oilprice.
com 2017a, b).
The energy boom, and shale gas revolution especially, has presented its own
challenges and opportunities for consumers and producers. With new technology
and energy resources holding the potential to reduce global conflict, new technologies which use in the shale oil and gas revolution reduce the anxiety of competition
for new energy sources of countries such as India and China which will be the
world’s most energy demand by 2035. New domestic oil and gas production would
have a higher priority than energy adventurism. The energy boom gives opportunity
to global powers to focus on growing their economies rather than spending more of
their resources on military adventures to protect themselves against energy insufficiency (www.oilprice.com 2017a, b).
New technologies and energy sources allow governments to extract energy
resources where they were unable to do so before. This new technological capability
increases conflict only at some shared oil and gas fields and at local, regional, and
global levels in a commercial context. However, domestic groups and local movements for autonomy will rise in new energy resources rich regions (www.oilprice.
com 2017a, b).
Shale Gas Revolution