Simoniya Nodari , Torkunov Anatoly
The Impact of Geopolitical Factors on International Energy Markets (the US Case)
Publication Type:
Rubric:


ISSN 1026-9487

DOI 10.17976/jpps/2016.02.04

Using the U.S. oil and gas industry as a salient example, the authors provide a thorough and detailed analysis of world energy markets. They prove that faith in the universality of the regulatory functions of the market is clearly exaggerated. The Obama Administration has decided to halt (at least partially) the process of de-industrialization and thus reduce the mounting unemployment, stubbornly sticking to a rather particular method of re-industrialization - so-called “shale gas revolution.” However, the trends of the past year and a half cast doubt on the ability of U.S. businesses to increase exports of shale liquid natural gas (LNG), in 2016-2017, due to the lack of profitability of this kind of energy resource. The article argues that the term “revolution” looks like a PR campaign, designed for consumption by the general population, and, most importantly, targeted at competitors. It lacks any significant feature of a “revolution”: neither an original product but the same methane and oil, nor any qualitative breakthroughs in mining techniques. Based on American sources the article discusses in some detail the technical features of the sector, and points to some negative aspects of this “shale bubble.” The authors argue that Obama was bluffing in saying that the United States was ready to supply Europe with a significant quantity of shale gas. Advocates of U.S. hegemony, in the opinion of the researchers, would like to use the decline in oil prices as an instrument of pressure on Russia. They favor a quick return to the situation of the 1990s. This turn of events would make concessions to Moscow unnecessary, as, according to Washington's plans, Russia would become so weak that Washington could easily bargain on major political issues on its own terms. The shining image of the United States, until recently the undisputed world leader, has faded, and the nation has turned into the world's biggest debtor stooping under the weight of all conceivable deficits. Washington apparently overlooked the obvious fact that globalization and the use of energy prices as an economic weapon can hit back like a boomerang. Currently, the main factor affecting pricing in the global energy industry, the authors argue, is geopolitics, and the main “volcano” of turbulence on world markets is the United States of America. 

Keywords: oil | gas | energy | geopolitics | the US «shale revolution» | liquid natural gas | LNG |

Russian Science Citation Index



OTHER PUBLICATIONS ON THIS TOPIC

Kudinova Olga
Сланцевая революция - новый шанс для химической промышленности [Текст] / О.Н. Кудинова // Вестник химической промышленности. – 2013. – № 6. – С. 47 – 48.

Сейфульмулюков И.А.
Tight oil revolution in the U.S. and its implications for the global oil market. Moscow, IMEMO RAN, 2014, 130 p.

Subbotin Mikhail
Пора достать СРП "из сундука" [Текст] / М.А. Субботин // Нефть России. – 2014. – № 9. – С. 40 – 43.

Simoniya Nodari
Момент истины для сланцевой "революции" [Текст] / Н.А. Симония // Эксперт. – 2015. – № 1 (929). – С. 48 – 50.

Zolina Svetlana, Kopytin Ivan, Reznikova Oksana
«Сланцевая революция» в США как главный драйвер перестройки мирового рынка нефти [Текст] / С. А. Золина, И. А. Копытин, О. Б. Резникова // Контуры глобальных трансформаций: политика, экономика, право. – 2019. – Т. 12. – № 6. – С. 71-93. DOI: 10.23932/2542-0240-2019-12-6-4.

Maslennikov Alexander
Финансовые инвесторы на рынке «бумажной нефти»: сравнение с рынками деривативов на природный газ и другие сырьевые товары [Текст] / А. О. Маслеников // Инновации и инвестиции. – 2018. – № 5. – С. 190-193.

Zhukov Stanislav , Reznikova Oksana
Asia Pacific Countries: the World Leading Center of Demand for Hydrocarbons

Kondrat’ev Vladimir
Мировые сектора экономики в 2013 г. [Текст] / В.Б. Кондратьев // Прямые инвестиции. – 2013. – № 12. – С. 26 – 33.

Pantin Vladimir
The revolution of 1917: Russian and global context

Subbotin Mikhail
Бюджет, нефть, газ и мост Сахалина.. [Текст] / М. А. Субботин // Нефть России. – 2018. – № 9. – С 28-32.

Khalova G., Illeritsky Nikita
Энергетическая геополитика и трансформация ШОС: от Центральной Азии к Евразии и многополярному миру // Энергетическая политика. 2023. № 2 (180). С. 78-85. DOI 10.46920/2409-5516_2023_2180_78.

Energy of Eurasia: new tendencies and perspectives / Zhukov S.V., ed. – Moscow, IMEMO RAN, 2016. – 186 p.

Sergeev Pavel
Третий энергетический пакет газообеспечения Европейского Союза / П.А. Сергеев // Национальные интересы: приоритеты и безопасность. – 2012. – № 37. – С. 52–60.

Mirkin Yakov
An anatomy of price formation on oil as the financial asset

Pusenkova Nina
Национальные нефтяные компании в новых реалиях мировой энергетики / ИМЭМО РАН. – Москва: Идея-Пресс, 2022. – 400 с. – ISBN 978-5-903927-35-7.

Gronsky Alexander
Революции, традиции и революционные традиции [Текст] / А. Д. Гронский // Аспект. – 2018. – № 1(5). – С. 3-10.

Salitskii Alexander
Новая энергетика в индустриальной трансформации современного Китая [Текст] / А.И. Салицкий , С.В. Чеснокова, А.В. Шахматов //Вестник Российской академии наук. – 2014. – № 4. – С. 453 – 458.

Pusenkova Nina
Новые герои нефтяной эпохи / Н.Н. Пусенкова // Нефть России. – 2008. – № 6. – С. 41–44.

Baikov N., Baykova E.N.
Prospects for the development of shale oil fields (Part 2) / Baykov N.M., Baykova E.N.
Related publications


Comments (0)

No comments

Add comment







First news
Institute News
17/07/2024

A meeting of the Academic council of IMEMO was hold at the Academician N.N. Inozemtsev conference hall.

more...

10/07/2024

The next issue of the MEMO Journal (No. 7 for 2024) opens with the topical rubric "Security Problems in the Modern World", which features articles by A. Arbatov "The Bearing Structure of Global Security" and A. Krivopalov "The Southern Flank of U.S. Deployment in Eastern Europe".

more...

Recently Published