Abstract: The emergence of China as a major oil importer is feeding geopolitical tensions with the United States over the securing of oil supplies. The United States is also growingly concerned about the foreign policy goals that Russia promotes thanks to its energy resources. More than any other source of energy, oil is at the core of global geopolitical tensions because of its monopoly over transportation. Those tensions are likely to deteriorate with the expected depletion of oil resources. The solution to this intricate international problem lies in the undoing of oil’s monopolistic status by promoting the use of biofuels and electricity in transportation.
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