AMERICAN SHALE ENERGY AND THE GLOBAL ECONOMY: BUSINESS AND GEOPOLITICAL IMPLICATIONS OF THE FRACKING REVOLUTION

"As America withdraws from the same global system it created in 1944, the consequences to the USA will be almost negligible. Safely ensconced in its continental “dominion from sea to sea,” the USA will enjoy the fruits of its seemingly endless bounty without major disruption or threat. Domestic shale energy will only accelerate America’s withdrawal. Meanwhile, the rest of the world will return to “normal.” Minus the guarantees of the American security blanket, ethnic and regional antipathies will flare once again. Military spending will continue to balloon. Wars and rumors of wars amongst major nations will return. Large powers will bang into each other as they scour the world for ever-scarcer resources and markets. Business costs will rise and friction will reign. People outside the United States viscerally know this and it scares them to death. This seems to be one of the primary reasons so much of the world hates Donald Trump. He has given a voice and a face to their worst fear: a world where America can no longer be counted on." Andrew R. Thomas PhD Associate Professor of International Business Editor-in-Chief, Journal of Transportation Security University of Akron M: 440-463-2375 www.andrewrthomas.us Joseph F. Barone ShaleDirectories.com 610.764.1232 jbarone@shaledirectories.com www.shaledirectories.com

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