1. Power Shift
- Author:
- Michael Levi and Jason Bordoff
- Publication Date:
- 04-2014
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- The energy landscape in the Americas has shifted dramatically in just a few years. Only a decade ago, experts expected most of the world's new oil supplies to come from the former Soviet Union and the Middle East. Now the odds are that most of the growth in global oil supplies will come from North America and Brazil. Just five years ago, conventional wisdom held that North America would become a big importer of natural gas—with some supplies coming from its neighbors to the south. Now, a boom in natural gas production raises the prospect that the U.S. will become a gas exporter. This is occurring at a time when developing countries in Asia are driving the growth in world oil demand. The collision of these trends is radically reshaping the global energy map—reducing oil imports to Europe and North America while increasing shipments from producers in the Middle East, Africa and Russia to the Pacific Rim.
- Political Geography:
- Russia, Middle East, Canada, Germany, and North America