The shale revolution brought about not only an American competitive advantage in the global oil and gas market, but also an entirely new geopolitical dynamic. Energy is the bedrock of every industrial economy, and even minor shifts in production and prices have had resounding impacts on international diplomacy.
Today, the global energy landscape differs drastically from a decade ago. The U.S. now leads the world in oil production thanks to fracking, and the world is reacting. But even as Russia pivots to China, and Middle Eastern producers try to recalibrate, every oil-producing country faces the same questions about the future of energy: Will renewable energy reign? And how will international relationships fare with this new map? These issues will become even more controversial during the presidential campaigns.
See also Remarks on the Decline of American Empire for earlier discussion of the impact of fracking on geopolitics.