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US Oil Surge Could Impact Mideast Geopolitics
The IEA report describes a 'supply shock' from the United States rippling1 through world oil markets.
"The key to it is the resurgence2 of shale3 development in the United States," John Mitchell, an oil market analyst4 at policy institute Chatham House in London. "It has been building up over some years, but only in the last three years has it reached big proportions."
Shale oil and gas are extracted using pressurized fluid to blast the product out from the rock, a process known as hydraulic5 fracturing or 'fracking.' Some U.S. states and European countries have banned the practice over fears that it may cause pollution and even earthquakes.
But the technology will help the United States become largely self-sufficient in oil by 2035, according to the IEA. U.S. gas production is expected to overtake Russia.
When that happens, the concept of energy security will no longer dictate6 U.S. foreign policy.
"Will the Middle East still be so dependent on U.S. military support?" Mitchell asked. "I am sure the answer is probably yes, but maybe the U.S. does not have quite the same interest in that as it did before."
A more energy self-sufficient United States has dramatic implications for Middle East politics, according to Christopher Davidson of England's University of Durham, and author of the book After the Sheikhs: The Coming Collapse7 of the Gulf8 Monarchies9.
"What we are also likely to see is the United States start to hedge its positions a bit better on the Gulf monarchies," Davidson said. "As it loses the dependent nature of this economic partnership10, we are perhaps starting to see the U.S. already starting to reach out to opposition11 groups in Bahrain, for example, and increasingly in Saudi Arabia."
In the midst of the Arab Spring, Davidson says many oil-rich Gulf monarchies are trying to pacify12 their populations with government handouts13. Falling receipts from oil exports could trigger political upheaval14.
"Within just a couple of years we'll have a public spending deficit15 in most of the Gulf monarchies," Davidson said. "At the same time, we are also seeing the demonstration16 effect of the Arab Spring in Syria and north Africa starting to embolden17 the people of these countries. They are no longer willing to tolerate autocracy18."
Davidson says Gulf states will be gearing their oil exports eastwards19 in the coming decades.
"However, what is missing is the security relationship that the Western powers have historically provided to the Gulf," he said. "The Gulf states know, and I suspect they are bluffing20, that China and the Pacific Asian states cannot replace the West as this ultimate security guarantor."
Analysts21 say the oil boom will give the U.S. economy a competitive advantage with cheap energy supplies no longer vulnerable to global geopolitics.
1 rippling | |
起涟漪的,潺潺流水般声音的 | |
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2 resurgence | |
n.再起,复活,再现 | |
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3 shale | |
n.页岩,泥板岩 | |
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4 analyst | |
n.分析家,化验员;心理分析学家 | |
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5 hydraulic | |
adj.水力的;水压的,液压的;水力学的 | |
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6 dictate | |
v.口授;(使)听写;指令,指示,命令 | |
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7 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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8 gulf | |
n.海湾;深渊,鸿沟;分歧,隔阂 | |
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9 monarchies | |
n. 君主政体, 君主国, 君主政治 | |
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10 partnership | |
n.合作关系,伙伴关系 | |
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11 opposition | |
n.反对,敌对 | |
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12 pacify | |
vt.使(某人)平静(或息怒);抚慰 | |
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13 handouts | |
救济品( handout的名词复数 ); 施舍物; 印刷品; 讲义 | |
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14 upheaval | |
n.胀起,(地壳)的隆起;剧变,动乱 | |
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15 deficit | |
n.亏空,亏损;赤字,逆差 | |
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16 demonstration | |
n.表明,示范,论证,示威 | |
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17 embolden | |
v.给…壮胆,鼓励 | |
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18 autocracy | |
n.独裁政治,独裁政府 | |
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19 eastwards | |
adj.向东方(的),朝东(的);n.向东的方向 | |
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20 bluffing | |
n. 威吓,唬人 动词bluff的现在分词形式 | |
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21 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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