Joseph Rachman,
Geopolitical power has long been linked with literal power. Britain’s status as the world’s leading coal producer fueled not just the Industrial Revolution domestically but gave it enormous global influence.
For the United States, the key was oil and gas. Its oil giants proved formidable geoeconomic players, whether working with U.S. friendly regimes during the Cold War or providing liquefied natural gas to Europe as it struggles with Russia today. In turn, they have shaped U.S. policy, including the country’s decades-long entanglement in the Middle East.
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