How Cheap Energy From Shale Will Reshape America's Role In The World -- Julian Borger and Larry Elliott, The Guardian
US self-sufficiency in energy is likely to end American reliance on despotic Gulf regimes but biggest loser of all may be Russia.
After the fall of the Berlin Wall, the rise of China and the Arab spring, American energy independence looks likely to trigger the next great geopolitical shift in the modern world.
US reliance on the Gulf for its oil – and its consequent need to maintain a dominant presence in the Middle East to keep the oil flowing – has been one of the constants of the post-1945 status quo. That could be turned on its head.
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Update: Shale gas fracking – the facts and figures -- The Guardian
My Comment: Just not sending out hundreds of billions of dollars for energy to the likes of OPEC and Russia will make a big difference. But energy fracking is still new, and I am sure that there will be more obstacles to overcome before it becomes an acceptable standard in the industry.
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