Hidden Forces

Energy Geopolitics & the Remaking of the Modern World | Helen Thompson

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Jul 11, 2022
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INSIGHT

20th Century Geopolitics and Oil

  • The 20th century's geopolitical landscape was shaped by the rise of the US and Russia as major oil producers.
  • European nations faced challenges due to their dependence on foreign energy sources, impacting their political strategies.
INSIGHT

Oil Prices and the Soviet Collapse

  • The 1980s and 1990s offered a period of relatively low oil prices, providing a macroeconomic interlude.
  • The Soviet Union's collapse was partly influenced by the oil price crash of the mid-1980s, impacting its export revenues and leading to a food crisis.
INSIGHT

Geopolitical Shift in the 1970s

  • The 1970s saw a shift in power towards oil-producing countries, particularly in the Middle East, as state-owned companies gained control.
  • Western governments became more reliant on Middle Eastern governments, leading to complex geopolitical challenges.
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