The current scramble for control of hydrocarbon energy, the fuel of capital accumulation and imperial power, raises the issue of reform or revolution for the Left. Increasing competition for natural gas and oil shapes not just the geopolitics of major powers and client states, but multinational corporations в?? global energy giants and financial institutions. The new в??Great Gameв?ќ в?? energy competition among rivals and в??frenemiesв?ќ from Europe to China; pipeline politics and the race for shale gas; the effects on в?ќimperializedв?ќ countries, possible в??energy wars,в?ќ and global environmental implications will be examined.