The American epoch of oil is collapsing. What comes next could be ugly (theguardian.com)

• US oil production has plateaued and is declining.
• Renewables are accelerating but face grid integration issues.
• Geopolitical risks in energy markets are rising.

"The US oil dominance is ending due to declining reserves and global energy transition. This will likely cause economic instability and geopolitical tensions, affecting European energy security and prices."