Yergin tells the story of how vital energy is to geopolitics. He argues that a new global map is being shaped by geopolitics and energy. It is a dynamic map that is constantly changing based on actions taken by nations and their relationship to energy and climate goals. The new politics of climate include reducing carbon emissions and expanding renewable sources of energy. The map is also being changed by the effects of the coronavirus.
Yergin outlines how shale oil production changed America’s position in the world from oil importer to exporter. He also explains how new cold wars are developing between the United States and Russia and the United States and China and the role that energy plays in them.
Yergin spends a good amount of time outlining the history of oil and natural gas development and discovery in multiple countries including the United States, Saudi Arabia, Syria, and Russia. He also outlines how energy has played a role in international relations. For example he spends time explaining the relationship between Russia and Ukraine regarding the pipelines that deliver energy to Europe or the building of Nord Stream I and Nord Stream II. He also describes the history of pipelines in the United States such as the Keystone XL pipeline.
Yergin speaks about the United States reliance on financial sanctions and the net impact that will have on the financial stability of the United States. “There is a risk that the commanding position of the United States derived from its capital markets and the dollar could be eroded over time by the over reliance on financial sanctions because nations will find alternatives.”
He discusses innovation in the car industry and the effects that will have on energy. He outlines the trajectory of electric vehicles and how without government subsidies the consumer of today is more likely to choose a gasoline powered vehicle because the costs are too high if passed along to the consumer. He also discusses self driving cars.
He closes by looking at climate policy and how that will effect the future. He acknowledges that oil and natural gas are required for the world economy to run and they will be for some time to come. With the amount of the world that is under developed energy needs will continue to grow and will shape the geopolitics of the new map.
Overall I give this book 4 stars out of 5.
Thomas Aquinas is credited as one of the greatest proponents of natural law. During his time in Cologne he was taught by Albertus Magnus. Magnus used the teachings of Aristotle in his mentorship of Thomas Aquinas.
Samuel Adams believed in American Independence from Great Britain. He is one of the most well know Son's of Liberty. On August 1, 1776 he gave a speech to the Continental Congress in Philadelphia.
Hefei, China Thursday 6:00AM
The rising sun was just beginning to peak over the horizon. The darkness of night was about to give way to the light of day. The sleeping city would soon be bustling with activity completely unaware of what had occurred while it slept.
Zhao Kai stood outside a small warehouse looking building. For all of the modernization that had been occurring in China this building had been skipped. At least on the outside. It appeared old and nearly abandoned but the inside told a different story. Before Kai entered the building he glanced at the rising sun. This was his favorite moment of the day. The blinding light of the sun was a weapon that he used literally.
On numerous occasions he would take a prisoner to a spot where there was an unobstructed view of the rising sun. Then he would bind them in such a way that they had to stare directly into the sun. If he did his job right they would not be able to close their eyes and would return to their prison cells blinded for life. If he didn’t just kill them. That punishment would not be on the table today but perhaps tomorrow. He liked ...
