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The West’s booming oil output ought to steady fuel prices, a rare boon for the global economy.
The West’s booming oil output ought to steady fuel prices, a rare boon for the global economy.
(Denny Thurston/Getty Images/iStockphoto)

REUTERS BREAKINGVIEWS

Global energy bullies losing stronghold

Autocrats and strongmen have long held the whip hand in global energy. Now democracies are starting to outclass countries such as Iran, Venezuela and Russia in oil and gas production. That should reduce the economic and political influence of authoritarian states. And the West’s booming output ought to steady fuel prices, a rare boon for the global economy.