While the world is focused on the next generation of energy, mainly clean and renewable energy like solar power or hydrogen fuel cells, we cannot forget about our current main source of energy: oil. Even though people are shifting away from oil, the use of oil has still grown. Asian countries that are developing are using more and more oil by the day. Just think of the number of cars in China alone! And don't forget all of the manufacturing that takes place and that also consumes oil.
Before it was the Western nations that lusted after oil. In so many instances Western nations wanted to capitalize on other oil-producing nations and negotiate drilling rights. That didn't turn out so well with the U.S. and Iran... or with Venezuela either. The U.S. pledged to not export its oil and instead opted to import oil, mainly from OPEC. But as the U.S.'s demand is wavering, OPEC has sought out new markets. China has reserves, but it is not enough for the nation, and the U.S. knows that as well. After Obama's decision in 2015 to finally export oil after 40 years, the U.S. is finally moving into Asia and trying to scoop up some of the market.
Is it stable? Well, for now. Sooner or later, there will be no market for oil whatsoever, so if investor want to seize on this, now is the chance, because it will only grow so much. It may seem like a smart move for the U.S. to be the exporter instead of the importer, but the U.S. does need to take caution and not try to overstep itself and try to control too much of the market share, because the U.S. only has a certain amount of reserves that is still not as much as the OPEC nations combined.
https://www.cnbc.com/2017/10/29/opec-who-us-oil-producers-are-moving-into-the-asian-market.html
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