Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

The US shale revolution and the Arab Gulf States: the economic and political impact of changing energy markets

[research report]

Westphal, Kirsten; Overhaus, Marco; Steinberg, Guido

fulltextDownloadDownload full text

(806 KByte)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-411984

Further Details
Corporate Editor Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract The US shale revolution is making a deep impact on the global energy markets, with the United States becoming self-sufficient in oil and gas and international flows shifting increasingly towards the Pacific region. But the Persian Gulf remains the backbone of the global oil markets, while its liquefied natural gas is of global strategic significance and a factor for energy supply diversification in Europe. Growing domestic energy security expands US policy options towards the Gulf states, whose regimes are already greatly unsettled by fears over an American pull-out. While there is as yet no sign of such a move, Europe must be prepared for greater burden-sharing with the United States, especially in relation to energy imports from the Gulf. Only in the long term and in interaction with political factors do developments in the energy markets have the potential to threaten the stability of the Arab Gulf states. In the short and medium term these countries will have to secure their own energy supplies while maintaining exports. They find themselves confronted with this challenge at a difficult juncture. Certainly, their existing socio-economic development model cannot simply be extrapolated into the future. The geopolitical imponderables in the Gulf region and the associated supply risks offer good grounds to push on with the German Energiewende (energy transition). At the same time the new energy map demands more international dialogue and closer cooperation. One starting point would be energy partnerships with the Gulf states. (Autorenreferat)
Keywords United States of America; crude oil; basic industry; Persian Gulf; natural gas; energy industry; raw materials; market; international economic relations; price; price level; geopolitics
Classification Special areas of Departmental Policy
Document language English
Publication Year 2014
City Berlin
Page/Pages 33 p.
Series SWP Research Paper, 11/2014
ISSN 1863-1053
Status Published Version; reviewed
Licence Deposit Licence - No Redistribution, No Modifications