What will the end of oil dependence mean for geopolitics?
, to a point when it will become the norm rather than the exception.
What happens to the global balance of political power when so many countries no longer need to buy so much oil and gas? This is a question that Adam Bowen and I have sought to answer inFor more than a century, nations that had oil and gas had power, literally and politically. Wars were fought over the stuff.The Iraqi military set Kuwaiti oil fields on fire after their retreat in 1991
From that moment, much of the history of the 20th Century can be seen through countries' pursuit of hydrocarbons, from Adolf Hitler's attempts to secure the Baku oil fields to Saddam Hussein's invasion of Kuwait to last September's drone and missile attack on Saudi oil facilities. Might there be more regional conflict as these countries fight over an ever-decreasing share of the hydrocarbon energy market? And what might happen to these countries internally if they lose their main source of revenue?
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