Two key long-term energy trends are shifting the strategic balance between the United States and China, the world's superpower rivals in the 21st century: first, a domestic boom in U.S. shale oil and gas is dramatically boosting America's energy security; second, the frenetic and successful search for hydrocarbons in Africa is making it an increasingly crucial element in China's energy diversification strategy. America's increasing energy security and China's increased dependence on energy imports from Africa and the Middle East until well past 2040 despite its own shale discoveries will make Beijing's own increasing energy insecurity be felt even more acutely, pushing the People's Liberation Army to accelerate adoption of a "two ocean" military strategy that includes an enduring presence in the Indian Ocean as well as the Pacific Ocean.

Two key long-term energy trends are shifting the strategic balance between the United States and China, the world's superpower rivals in the 21st century: first, a domestic boom in U.S. shale oil and gas is dramatically boosting America's energy security; second, the frenetic and successful search for hydrocarbons in Africa is making it an increasingly crucial element in China's energy diversification strategy. America's increasing energy security and China's increased dependence on energy imports from Africa and the Middle East until well past 2040 despite its own shale discoveries will make Beijing's own increasing energy insecurity be felt even more acutely, pushing the People's Liberation Army to accelerate adoption of a "two ocean" military strategy that includes an enduring presence in the Indian Ocean as well as the Pacific Ocean.

Two key long-term energy trends are shifting the strategic balance between the United States and China, the world's superpower rivals in the 21st century: first, a domestic boom in U.S. shale oil and gas is dramatically boosting America's energy security; second, the frenetic and successful search for hydrocarbons in Africa is making it an increasingly crucial element in China's energy diversification strategy. America's increasing energy security and China's increased dependence on energy imports from Africa and the Middle East until well past 2040 despite its own shale discoveries will make Beijing's own increasing energy insecurity be felt even more acutely, pushing the People's Liberation Army to accelerate adoption of a "two ocean" military strategy that includes an enduring presence in the Indian Ocean as well as the Pacific Ocean.

The chapters in this volume represent the latest thinking on the development and exploration of unconventional energy resources in the U.S., Canada, Australia, Europe, Russia, Asia Pacific, Middle East, Latin America, and Africa and shed light on its potential and future prospects in these respective regions. The diversity of thinking about the “shale revolution” is also evident in our case studies. Throughout many countries in Europe for example, there is a strong preference for investment in renewable sources of energy over the fossil fuels. In addition to environmental concerns, the falling price of renewables, have also made them more attractive financially. Consequently, global investment in renewables is outpacing that of fossil fuel two to one. Watching this trend, in 2017, the Chinese government has pledged to invest $360 billion on renewable energy. This would make China the largest investor in development of renewables in the world. Other obstacles to development of shale oil and gas in other parts of the world include, lack of adequate shale resources (Africa), the abundance of conventional energy resources (Middle East and North Africa), high cost of production (Russia, China, Japan) and political opposition to hydraulic fracturing (France and Poland). Despite these sentiments the economic imperatives (providing employment) also play a significant role in determining the future prospects for unconventional energy resources globally.

Two key long-term energy trends are shifting the strategic balance between the United States and China, the world's superpower rivals in the 21st century: first, a domestic boom in U.S. shale oil and gas is dramatically boosting America's energy security; second, the frenetic and successful search for hydrocarbons in Africa is making it an increasingly crucial element in China's energy diversification strategy. America's increasing energy security and China's increased dependence on energy imports from Africa and the Middle East until well past 2040 despite its own shale discoveries will make Beijing's own increasing energy insecurity be felt even more acutely, pushing the People's Liberation Army to accelerate adoption of a "two ocean" military strategy that includes an enduring presence in the Indian Ocean as well as the Pacific Ocean.

This book offers a new look at the oil industry in West Africa, proposing to examine the entire region that has been viewed through the lens of Nigeria, Ghana and Gabon. The author argues that, in order to address peace and stability in the region, it is important to understand the transformative powers of petroleum revenue. The project also includes the author’s analysis of the problem on multiple levels: international oil companies, states, and local communities. Also, it takes a deeper look at the effects and importance of local communities in the above countries and discusses adequately the strategic challenges that petro-capitalism poses for West Africa’s regional stability and human security.