Daniel Yergin, an expert on energy, geopolitics and the global economy, explains how the advent of US shale oil has changed the dynamics of power, forcing Gulf states to rethink their futures, and how the transition to a zero-carbon world is still far-fetched.

Nations and corporations are increasingly torn between allegiance to the US or China, and this trend will shape the 21st century.

Yergin tells host Steve Clemons that although there is no competitor to US military power or the dollar now, more governments will be attracted to the Chinese model, because it comes without lectures about human rights or peoples’ right to dissent.

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