Welcome to the revolution

• Autores: Edward L. Morse
• Localización: Foreign Affairs, ISSN 0015-7120, Vol. 93, Nº. 3, 2014, págs. 3-7
• Idioma: inglés
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• Resumen

  • The article looks at energy production in the U.S. and globally as of 2014, focusing on the rapid increase in shale oil and gas production. The author says such production has reversed the earlier view that petroleum production had peaked and would inevitably decline. He discusses reasons the U.S. is a leader in shale oil and gas and says the industry will benefit the U.S. economy. He discusses concerns about the sector, including environmental problems associated with hydraulic fracturing (fracking). He looks at the potential geopolitical consequences of rising U.S. petroleum production, including reducing the power of the Organization of Petroleum Exporting Countries (OPEC) and of Russia, through U.S. liquefied natural gas (LNG) exports to Europe.