Global Energy Security and North America: A Review
Keywords:OECD, North America, United States, shale gas, tight oil, energy mix
Geopolitical risks will less affect the oil supply in the United States due to its stability and widespread oil sectors since 1970s. Nevertheless, energy prosperity in the United States appears differently in relation to a fuller period for conventional energy export states where geopolitical challenges have been intensified by monetary pressure and escalating energy demand in residential areas. The relationship between the United States and other energy export states will continue to change as the United States becomes more independent and non-OPEC resources become worthwhile especially in Western Hemisphere. With expansion of global economic growth, maintained multilateral relationship among countries and technological development are two prominent concerns to secure long-term energy supplies and to enable further exploration of new energy sources.