The world’s three energy superpowers – the United States, Saudi Arabia, and Russia – are scrambling to acclimate to a new geo-economic landscape. Each country faces distinct challenges. Of the three, the U.S. probably has the brightest prospects, in part due to its substantial oil and gas reserves, its ability to export liquefied natural gas by ship, and a deep push into renewables. But there is no easy way around the challenge: Efforts to move towards zero emissions have hit a major geopolitical speed bump, and the emerging energy landscape is going to be volatile and disjointed. This reality is already reflected by a global surge in inflation and the looming possibility of slowed economic growth.
Read Full Article »
