An oil derrick is seen at a fracking site for extracting oil outside of Williston, North Dakota, in this file photo taken March 11, 2013. REUTERS/SHANNON STAPLETON/FILES
Washington Free Beacon: Report: U.S. Can Use Energy Clout to Pressure Russia, Ease Tensions With China
Experts say America can use status as global energy power to advance national security goals.
The United States has been slow to recognize how its emergence as a leading energy producer can be used as leverage to build cooperation with China and apply pressure to Russia, according to a new report.
The U.S. government could take advantage of the modern energy market to reduce tensions with China by boosting cooperation in energy trade and also deal a blow to Russia by providing increased competition in the energy sector, a panel of experts from the Center for a New American Security write in a report released this month.
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WNU Editor: The U.S. government does not control the global oil market .... free markets and emerging technologies do .... especially now.
On a side note, here is an excellent article that summaries how revolutionary frackng technology is, why the age of multi-billion oil projects will be deferred for years to come, and why oil prices will stay where they are for the foreseeable future and why OPEC nations dependent on oil revenues are screwed (hint Venezuela).... The Power Of Technical Disruption (The Arts Mechanical). Hat Tip to James for this link.