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

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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)

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.

Suggested Citation

  • Vahe Davtyan, 2018. "New World Energy Order: The Obstacles to the Golden Age of American Energy Dominance," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 157-168.
    • Handle: RePEc:eco:journ2:2018-04-21
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    More about this item

    Keywords

    US; Energy Policy; Oil and gas supply; Oil prices; Shale revolution; Geopolitics.;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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