Shale oil fracking undermines the economic order in the Persian Gulf and Russia. http://www.guardian.co.uk/environment/2012/nov/15/shale-energy-implications-geopolitics-america quote; many of the regimes whose global role rests on hydrocarbons alone are likely to be significantly weakened, if not swept away. The biggest single loser of all will most likely be Vladimir Putin's Russia, a regime largely dependent on high energy prices and a captive market with no real alternative plan. The Putin government has talked a lot about diversifying the Russian economy, but very little has happened in that direction. It remains essentially a petro-state dependent on an oil price of $120 to balance its budget. With a current price of $109, Moscow already faces a serious shortfall, which is only likely to grow in an age of energy abundance, deepening its long-term problems and narrowing its capacity to diversify. The consequences are a greatly weakened Kremlin, both in relation with Russia's own regions and the rest of the world. The geopolitics of an energy surplus world will be quite unfamiliar. Australia is tipped to emerge as a major player, rivalling Qatar as the world's largest LNG exporter by 2030. As a region, west Africa is likely to emerge as a major hub, alongside Argentina. It will also, arguably, be a more interesting, more multipolar planet. Taxcutter says: Also China has discovered frackable oil shale of its own and Israel has discovered enormous recoverable reserves. The Persian Gulf may go back to being the backwater it was before the end of the nineteenth century. Russia, may have to go back to being an agrarian state, with a few aging and unreliable nukes. No wonder the Russians and Persian Gulf states are pouring money into propaganda trying to discredit fracking. What happens when the Israelis start exporting LNG to Europe?
Once Israel starts exporting oil and LNG to Europe, the Paleos will have no friends at all. Israel will have dollars to upgrade IDI and what they don't make themselves they'll come to Tiffany's (the US) for the best in weapons. Other Israeli industries will have money to automate away the jobs of the Paleos working in Israel.
Hahahaha.. Israel became the world's largest oil and gas reserves in 1998.. Ask World Nut Daily. http://www.wnd.com/1998/10/3351/ IRVING, TX. A $30 million, six-to-eight-month project to uncover the worlds largest oil field atop a salt dome at the southwest end of Israels Dead Sea, is expected to begin in early 1999, according to respected Texas oil man, Harold Hayseed Stephens. Until now, Israels Islamic enemies have possessed nearly 75 per cent of the worlds oil reserves with Israels supply only a fraction of that. Its reported that Islamic nations such as Saudi Arabia, all sworn enemies of the tiny Jewish state, have trillions of barrels while Israel has only enough oil to supply itself for about one and a half days and depends on other countries for the remainder. continued for a laugh..
As technology develops and new sources of energy are found/created it's only a matter of time for the US to become totally interdependent from foreign sources of energy. But like many have stated here, the US gets its oil mostly from Canada or Mexico, which means that arab countries and Russia are mainly exporting for Asian or European markets. Thankfully, and mostly Europe, has realized the potentials for new and reliable sources of energy, and soon enough we'll stop depending on Russian/arabic gas and oil.
British gov't. thumbs their nose at anti-fracking protesters... Gas fracking: Ministers approve shale gas extraction 13 December 2012 - Cuadrilla CEO Francis Egan: "The country is running out of gas, our choice would be to develop our own shale gas resources"
