The paper Fueling a New Order? The New Geopolitical and Security Consequences of Energy examines impacts of the major transformation in international energy markets that has begun. The United States is poised to overtake Saudi Arabia and Russia as the world’s largest oil producer and, combined with new developments in natural gas, is on track to become the dominant player in global energy markets. Meanwhile, China is in place to surpass the United States in its scale of oil imports, and has already edged out the U.S. in carbon emissions.
Saudi Arabia: Facing Unprecedented Choices for Survival
Oil prices are plummeting -- and Saudi Arabia could devolve into chaos as a result.