The New Geopolitics of Energy

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It is not hard to understand why people dream of a future defined by clean energy. As greenhouse gas emissions continue to grow and as extreme weather events become more frequent and harmful, the current efforts to move beyond fossil fuels appear woefully inadequate. Adding to the frustration, the geopolitics of oil and gas are alive and well—and as fraught as ever. Europe is in the throes of a full-fledged energy crisis, with staggering electricity prices forcing businesses across the continent to shutter and energy firms to declare bankruptcy, positioning Russian President Vladimir Putin to take advantage of his neighbors’ struggles by leveraging his country’s natural gas reserves. In September, blackouts reportedly led Chinese Vice Premier Han Zheng to instruct his country’s state-owned energy companies to secure supplies for winter at any cost. And as oil prices surge above $80 per barrel, the United States and other energy-hungry countries…

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