June 15, 2017 Geopolitics is rarely a zero-sum game. But in the case of shale oil, it is.
There’s scarcely a reason to point out how geopolitically important energy is. Energy, particularly oil, is a source of geopolitical power. Every country needs it, but only some countries have the resources to procure it themselves. Some countries have enough of it that they can profit from its export, and others have so much that they rely on it almost exclusively to fuel their economies.
Saudi Arabia and Russia are two such countries. They spend a lot of money on social services, and they can afford to do so as long as oil r...
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