Geopolitical Energy Dynamics

This chapter examines the intricate geopolitical relationships shaping global energy policies, particularly focusing on U.S. interactions with Canada and the implications of tariffs on Canadian oil. The discussion also explores the strategic shifts in American energy independence amidst rising tensions with major players like China and Russia, while raising concerns about the adequacy of U.S. preparedness in a rapidly evolving landscape. Additionally, it delves into the complexities of the oil market, including the implications of OPEC decisions and the breakeven prices for oil sands production.