Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
America’s gone very quiet recently.
Ukraine is being left to the tender mercies of Vladimir Putin with, possibly, Latvia, Lithuania and Estonia to follow.
Assad of Syria has been left to his own murderous devices.
Zero restraint has been put on the Israelis as they pound Gaza to death.
Well it could be because America no longer needs Arab oil.
The fracking boom means that, for the first time in nearly 20 years, America is now exporting more refined oil products than it imports.
Yesterday America started exporting crude oil for the first time in 40 years.
With the prospect of America becoming the world’s largest energy exporter the foreign policy priorities are changing.
Pity about Iraq, Syria, Egypt and Libya which have been messed up under the old policy of securing Arab oil supplies.