Safe, reliable and affordable access to large energy reserves is a fundamental component of any modern economy. But the world energy map is changing. For decades, the OPEC cartel was seen as holding a tight grip on our energy future. The future, however, looks different now. North America has become the hydrocarbon capital of the world, thanks to fracking and the discovery of vast reserves of unconventional oil and natural gas. At the same time, electric-power producing renewables like solar and wind are coming of age. Nuclear plants that are smaller, safer and quicker to build are moving from the drawing board to reality. Yet the technology is more controversial than ever. Does coal have a future in the U.S., or elsewhere? How are pricing trends unfolding, and how will climate concerns change the policy equation? How do these transitions alter the geopolitical scene? Is Saudi Arabia losing its clout with Washington? What about Russia vis-a-vis Europe? This panel illuminates the dynamically evolving global energy situation and its powerful economic impact.
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