The REAL Russia Scandal

 

Vladimir Putin is sowing division within the United States to keep America from becoming the next energy superpower. Continue reading

Iran on Way Toward Becoming Global Energy Superpower

With significant oil and gas reserves it would be very hard to ignore Tehran as a major, if not a global energy superpower in the long term, especially if Iran finances its energy projects properly, experts told Sputnik.

MOSCOW (Sputnik) Anastasia Levchenko — Iran possesses the world’s largest gas reserves of 34 trillion cubic meters and one of the largest oil reserves of 157.8 thousand million barrels, according to the experts of major global oil and gas company BP. At the same time, Tehran’s ability to affect the global energy markets was significantly limited by the international sanctions regime. Continue reading

America’s Energy Edge: The Geopolitical Consequences of the Shale Revolution

Is America’s shale-based energy revolution having at least one expected effect? Yes, say Robert Blackwill and Meghan O’Sullivan. In the case of global energy production, it’s facilitating a gradual shift away from traditional suppliers in Eurasia and the Middle East.

Only five years ago, the world’s supply of oil appeared to be peaking, and as conventional gas production declined in the United States, it seemed that the country would become dependent on costly natural gas imports. But in the years since, those predictions have proved spectacularly wrong. Global energy production has begun to shift away from traditional suppliers in Eurasia and the Middle East, as producers tap unconventional gas and oil resources around the world, from the waters of Australia, Brazil, Africa, and the Mediterranean to the oil sands of Alberta. The greatest revolution, however, has taken place in the United States, where producers have taken advantage of two newly viable technologies to unlock resources once deemed commercially infeasible: horizontal drilling, which allows wells to penetrate bands of shale deep underground, and hydraulic fracturing, or fracking, which uses the injection of high-pressure fluid to release gas and oil from rock formations. Continue reading