Assistant Professor, Supreme National Defense University, Iran, Tehran
Abstract
Considering the importance of the energy category in the world economy, countries use many strategies and tactics to secure their interests in the global oil market. In this context, during the past years and with the maximum extraction of shale resources by the United States of America, the oil market has also undergone significant changes. The main question for the present article is how the shale revolution has affected the mechanisms of the global political economy of oil? In response to this question, the main hypothesis of the research is that, in addition to influencing the process of setting global oil prices, the maximum extraction of shale resources was able to deplete the share of countries opposed to the United States on the one hand, strengthen political alliances with the help of oil, and also accelerate Changing the energy portfolio of oil producing countries and the geopolitical rearrangement of oil energy will result. The findings of this research show that the US, with the help of shale oil, was able to drastically reduce Iran's share of the oil market, change the world price of oil in line with its interests, and reduce the importance of the Strait of Hormuz in line with its strategic interests. and support his political allies by providing oil exemptions. The total of this activity shows the economic-political mechanisms in the oil market that powerful countries use to continue their dominance in the world arena.
karimipour, D. (2023). Energy diplomacy in contemporary world politics; The future of competitions and alliances. Strategic Futures Studies, 2(5), 7-26.
MLA
davood karimipour. "Energy diplomacy in contemporary world politics; The future of competitions and alliances", Strategic Futures Studies, 2, 5, 2023, 7-26.
HARVARD
karimipour, D. (2023). 'Energy diplomacy in contemporary world politics; The future of competitions and alliances', Strategic Futures Studies, 2(5), pp. 7-26.
VANCOUVER
karimipour, D. Energy diplomacy in contemporary world politics; The future of competitions and alliances. Strategic Futures Studies, 2023; 2(5): 7-26.
