Energy Security Pt 3

With the cost of oil soaring, high gasoline prices have become a prominent issue in this year's presidential election in the United States. But the impact of rising energy prices affects far more than just domestic U.S. politics. The influence of oil- and gas-producing nations, such as Saudi Arabia, Russia, and Venezuela, is growing regionally and even globally as they become wealthier. And nations dependent on foreign-energy supplies to fuel rapid development, such as China, are devoting much of their diplomatic efforts to securing future sources of oil. How are rising energy prices affecting the world's economic balance of power? And what will the geopolitical fallout be of nations' efforts to gain energy security?

Category:

News & Politics

Tags:

• Energy
• Fuel
• Oil
• Gas
• Prices
• Security
• commentary
• analysis