U.S. shale revolution is the real geopolitical shift

The American shale revolution is the true geopolitical shift, not Russia's $400 billion natural gas deal with China, as some analysts have claimed, writes Joseph Nye Jr., a professor at Harvard University's Kennedy School of Government. The revolution has affected U.S. foreign policy, allowing for economic growth, job creation, import reduction and improvement in the oil and natural gas industry's global competitive edge, Nye writes. If the government approves more exports of liquefied natural gas, it will bring "the eventual reduction of Russia's ability to coerce its neighbors by threats to cut off gas supplies," he adds.

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