5. The United States and China*

* This chapter draws from a number of other sources, including three of my recent articles: “Geopolitical Threats to World Energy Markets,” Journal of Social, Political, and Economic Studies, Summer 2011, 36, pp. 154–196; “Geopolitics and World Energy Markets,” in Betty and Russell Simkins (eds.), Energy Finance: Analysis and Valuation, Risk Management, and the Future of Energy, Hoboken, NJ: John Wiley & Sons, Inc., 2013, pp. 19–48; and “The Natural Gas Revolution and the World’s Largest Economies,” Journal of Social, Political, and Economic Studies, Winter 2012, 37, pp. 415–467.

The United States and China are the world’s two largest consumers of energy and possess the world’s two largest economies. For its part, ...

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