Pulitzer Prize-winning author Daniel Yergin on energy security in a changing world
Energized: The Future of Energy
From Importer to Producer: The New Energy Powerhouse
The role of the United States in the global energy landscape has dramatically shifted from being the largest importer of oil and natural gas two decades ago to the world's leading producer of both. This transformation, accelerated by policy changes and geopolitical dynamics, has significantly altered the global balance of energy production. Notably, the Western Hemisphere, including Canada as a key contributor as the fourth largest oil producer, now produces more oil than the Middle East. This rebalancing reveals a profound change not only in energy supplies and economic standings but also in geopolitical power projection, leading to a substantial reduction in the U.S. cost of imported oil by 99%. Despite these developments, there is a gap in public perception, as many have yet to fully grasp the implications of this energy transition and the associated geopolitical shifts.
