New World Energy Order: The Obstacles to the Golden Age of American Energy Dominance

Vahe Davtyan
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Vahe Davtyan: UNESCO Chair of Human Rights, Democratization and Political Science, Yerevan Brusov State University of Languages and Social Sciences, Yerevan, Armenia

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 4, 157-168

Abstract: The article explores the peculiarities of US energy policy at the present stage with the definition of its main geopolitical consequences. The basic economic prerequisites for implementing the energy strategy, identified by President D. Trump as the golden age of American energy dominance , are studied. In this regard, the US energy resources and infrastructure are assessed. The degree of influence of US energy policy on the foreign policy agenda (US-Russia, US-EU, US-Ukraine, US-China, US-Persian Gulf) are identified. It is revealed, that the actualization of the "shale revolution" and constant growth of oil production will inevitably lead to the energy independence of the US from the OPEC and also affect the oil prices in world markets.

Keywords: US; Energy Policy; Oil and gas supply; Oil prices; Shale revolution; Geopolitics. (search for similar items in EconPapers)
JEL-codes: F02 F50 L95 N70 Q35 Q48 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2018-04-21

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