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looking beyond borders

foreign policy and global economy

Archive for the tag “Fatih Birol”

Who Won the Iraq War? China

Put simply, then, China won the battle by choosing not to fight it. But this isn’t quite the whole story. In addition to avoiding the grave costs of the war, China capitalized by offering developing countries an attractive alternative to the United States: ideologically-blind economic engagement. And, as a result, Beijing was able to expand its “soft power” at the expense of an increasingly unpopular Washington.

 

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US To Overtake Saudi Arabia In Oil As China’s Water Runs Dry

It is official. The US will overtake Saudi Arabia to become the world’s top oil producer by 2017.

The International Energy Agency (IEA) said in its world outlook for 2012 this morning that the US will be a net exporter of gas by 2020, with all the vast implications of abundant cheap gas for its chemical, plastics, glass, and steel industries.

“The United States, which currently imports around 20 per cent of its total energy needs, becomes all but self-sufficient in net terms – a dramatic reversal of the trend seen in most other energy importing countries,” it said. This is entirely due to the shale and gas revolution. North America as a whole will become a significant net exporter.

Read Here – The Telegraph

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