ABSTRACT
The varying outcomes of energy cooperation, defined as diplomatic relations, bilateral trade, and investment in oil and natural gas are explored. Most of the energy deals between the West and post-Soviet countries happen in the area of oil and natural gas. Reliable, affordable, and sustainable supply and demand of energy sources are what lies in the core of the definition of energy security. Traditional energy security literature focuses on the vulnerability of energy consumers who lack their own resources, such as Ukraine. The economic climate analysis is followed by the close examination of U.S Russia geopolitical factors, such as the legacy of the Cold War thinking by policy-makers, contemporary military rivalries in Eurasia, security relations with other countries, and the aspiration to access the world's energy resources. Finally, this chapter also presents an overview of key concepts discussed in the subsequent chapter of this book.
