Posted inEuropean Union, Iran, Iraq, Israel, Japan, Middle East, Northeast Asia, Russia, World

Shale energy helps rewrite the global geopolitical playbook 

In 2008, when the United States’ National Intelligence Council (NIC) published its volume Global Trends 2025, a key prediction was tighter energy competition. Chinese demand was growing, and non-OPEC sources like the North Sea were being depleted. After two decades of low and relatively stable prices, oil prices had soared to more than $100 US a barrel […]