Are semiconductors the new oil? Global turn towards clean energy propels unprecedented demand for computer chips ...News

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Are semiconductors the new oil? Global turn towards clean energy propels unprecedented demand for computer chips
source : Russia Today ( News ) () 51
Before the United States’ shale revolution, the terms of the world’s geopolitical structure were almost entirely dictated by oil production in the Middle East. The politically tumultuous region had a near-complete chokehold on the world’s petroleum production, resulting in world leaders who previously couldn’t have pointed out the Arabian peninsula on a map suddenly kowtowing to Saudi heads of state. In the early years of the Cold War, under the influence of energy security anxieties, US president issued a guarantee of alliance and security to the Saudi King Ibn Saud: “No threat to your Kingdom,” the president wrote, “could occur which

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