The mainstream media thought the major headline from the APEC summit was the U.S.-China agreement on climate change. They’re wrong. Russia’s two big pipeline projects to China have the potential to reshape the global energy and security landscape.
The American political class is way behind the curve when it comes to thinking about energy and security. The supply and price of energy no longer move in lockstep, and that divergence is key to understanding our circumstances—and what to do about them.