“Geopolitics,” coined in 1904, meant “the study of how factors such as geography and economics influence politics and relations between nations.” Now it means politics among (not just between) nations and rivalries for international power. A geopolitically successful nation delivers on promises to allies and threats to rivals — or loses allies and strengthens rivals.
The world has changed. For US energy, that’s a good thing.Forty years after the first Arab oil embargo exposed the risks of dependence on foreign oil, the US has made adjustments to reduce its vulnerability to short-term supply disruptions. Here are three of the biggest changes: Energy boom: New drilling techniques are coaxing vast amounts of fossil fuels from stubborn shale rock formations in Texas, North Dakota, Pennsylvania, and elsewhere. The US is producing so much natural gas that it’s beginning to export it.