‘Energy’, the New Currency of Power: Who’ll Shape Next Global Order?

Representational Image. Image Courtesy: Flickr The rise and fall of great powers in history has been partly due to controlling energy. Coal was the bedrock of Britain's industrial supremacy. In the 20th century, the United States became a superpower because of its vast oil reserves, technological superiority, and control of world energy markets. As the world depended on their hydrocarbons, oil-rich Gulf monarchies became geopolitical heavyweights. But today the concept of energy power is being transformed by global energy transition.