As the U.S. continues to extol the virtues of its shale gas revolution, peak oil theorists must be cringing to see their staunchest Malthusian beliefs demolished: the world may not run out of oil after all. But beyond the prospect of energy security, tight oil might have a much broader impact and added benefits to the early adopters. Stronger geopolitical leverage might be one of them. And the situation in Ukraine may not be foreign to the recent announcement of a first test release of 5 million barrels of oil from the US strategic reserves, no matter how small the effect.

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