Suryaa International Desk: There is a growing debate that America's hold on the international energy market is gradually turning into overconfidence and becoming a curse for that country.... There is a growing debate that America's hold on the international energy market is gradually turning into overconfidence and becoming a curse for that country. The harsh policies followed in the pursuit of global energy dominance and mistakes in predicting future developments are now throwing new challenges for the US. The views expressed by prominent economic and political analysts on this topic are attracting the attention of the world.
In the past, the US has pursued a strategy of controlling global energy prices by dramatically increasing fossil fuel production. But analysts are clear that this trend of energy dominance has led to instability in the market instead of sustainable growth in the long run. Criticisms are being heard that some decisions taken just for political gain aside from environmental regulations have damaged the image of the country internationally. Delays in shifting energy resources to meet the changing global winds and moving towards alternative fuels risk serious losses in the future.
Experts warn that over-reliance on domestic production alone and neglecting cooperation with other countries will lead to economic losses. We have to wait and see what kind of changes will happen in the global market in the coming days due to this energy policy followed by America.