For the first time since 1949, the United States exported more gasoline, heating oil and diesel fuel last year than it imported, the Energy Department reported Feb 29, and imports of crude oil fell to a level not seen since 1995. Such advances in the United States, along with recent discoveries in Latin America of vast gas reserves in shale formations, subsalt oil deposits and renewable energy resources, have led some analysts argue that the global energy map is shifting from the Middle East to the Western Hemisphere. Is the ""world's oil map"" shifting away from the Middle East? What would be the implications of greater energy independence in the United States and the countries of the Western Hemisphere? Will energy cooperation—or energy conflict—come to dominate headlines in the Americas in years to come?
Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
Inter-American Dialogue's Latin American Energy Advisor. "Is the Global Energy Map Shifting to the Western Hemisphere?." (2012). http://digitalrepository.unm.edu/la_energy_dialog/150