Shale gas is revolutionizing the world’s energy landscape. Seemingly overnight, supplies have increased dramatically due to technological advances, including hydraulic fracturing—known as fracking—and horizontal drilling. A world accustomed to energy scarcity and declining supplies is rapidly readjusting to abundance, at just the time when concerns about global climate change and the desire to identify cleaner, relatively inexpensive fuel sources intensify. These conditions and the impressive size of proven reserves within the Western Hemisphere in particular provide the Americas with an enviable opportunity for leadership in global shale gas. The United States, Argentina, Canada, Mexico and Brazil all rank within the […]
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It is the misfortune of the Obama administration to preside over the unraveling of several long-term U.S. strategies in Eastern Europe and the Middle East. The tactics used by previous administrations to delay making hard choices in the hope that problems would resolve themselves over time without Washington being required to make sacrifices are no longer available, as the crises in both regions make abundantly clear. For the past 20 years, successive U.S. administrations have held open the door for Ukraine’s full integration into the Euro-Atlantic world, with the expectation that either Russia would at long last accept the move […]