Major developments in the oil sector are decisively undermining the once-defining role of the Middle East in the global energy market. The region’s potency in global affairs is on the wane, making Obama’s pivot to East Asia well-timed.
Let the market rule. As oil sources from the Western Hemisphere begin to dry up, we will increasingly turn to dictatorships for our supplies. But we shouldn't shackle ourselves to nefarious governments.
With Russia in the driver’s seat on energy issues, Europe should worry about running on empty. For more on the Russian elections, the internal state of the country and Vladimir Putin's nomination of a successor, check out our