Shale oil fracking undermines the economic order in the Persian Gulf and Russia.

http://www.guardian.co.uk/environmen...litics-america

quote;
“…many of the regimes whose global role rests on hydrocarbons alone are likely to be significantly weakened, if not swept away.”

“The biggest single loser of all will most likely be Vladimir Putin's Russia, a regime largely dependent on high energy prices and a captive market with no real alternative plan.”

“The Putin government has talked a lot about diversifying the Russian economy, but very little has happened in that direction. It remains essentially a petro-state dependent on an oil price of $120 to balance its budget. With a current price of $109, Moscow already faces a serious shortfall, which is only likely to grow in an age of energy abundance, deepening its long-term problems and narrowing its capacity to diversify.”

“The consequences are a greatly weakened Kremlin, both in relation with Russia's own regions and the rest of the world.”

“The geopolitics of an energy surplus world will be quite unfamiliar. Australia is tipped to emerge as a major player, rivalling Qatar as the world's largest LNG exporter by 2030. As a region, west Africa is likely to emerge as a major hub, alongside Argentina. It will also, arguably, be a more interesting, more multipolar planet.”

Taxcutter says:
Also China has discovered frackable oil shale of its own and Israel has discovered enormous recoverable reserves. The Persian Gulf may go back to being the backwater it was before the end of the nineteenth century. Russia, may have to go back to being an agrarian state, with a few aging and unreliable nukes.

No wonder the Russians and Persian Gulf states are pouring money into propaganda trying to discredit fracking.

What happens when the Israelis start exporting LNG to Europe?