The US shale revolution and the Arab Gulf States
| Titel: | The US shale revolution and the Arab Gulf States : the economic and political impact of changing energy markets / Kirsten Westphal, Marco Overhaus and Guido Steinberg ; Stiftung Wissenschaft und Politik - German Institute for International and Security Affairs ; [translation by Meredith Dale] |
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| Verfasser: | ; ; |
| Beteiligt: | |
| Körperschaft: | |
| Veröffentlicht: | Berlin : Stiftung Wissenschaft und Politik, [November 2014] |
| Umfang: | 1 Online-Ressource (33 Seiten) + Diagramme, Karten |
| Format: | E-Book |
| Sprache: | Englisch |
| Schriftenreihe/ mehrbändiges Werk: |
SWP research paper ; 2014, RP 11 (November 2014) |
| Einheitssachtitel: | Die US-Schieferrevolution und die arabischen Golfstaaten |
| Andere Ausgaben: |
Übersetzung von: Westphal, Kirsten, 1969 -. Die US-Schieferrevolution und die arabischen Golfstaaten. - Berlin : Stiftung Wissenschaft und Politik, 2014. - Online Ressource (38 Seiten, 0,8 MB)
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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. 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