The last decade has seen not one but two energy revolutions. The first,
explosive growth in demand from Asia's rising powers, fueled fears about
scarcity and conflict. The second, an American revolution in technology and
markets, is rapidly strengthening America's hand in the world. There are major
security consequences of these shifts, from Saudi Arabia to Africa to Russia,
and the emerging powers are increasingly exposed to them —risks, as well as
energy flows, are pivoting to Asia. All while a third revolution is struggling
to be born, driven by climate change. Now, the United States faces a strategic
choice. It has an enviable position in energy