The mental map of the world oil industry is being reshaped by the growth of US shale oil—now making the United States the number one producer rather than the world’s largest importer. As China’s demand has grown, it has become the world’s largest importer. One response to the changing structure of the global market is a change in relations among the traditional exporters, with the emergence of OPEC-plus. How does the reconfiguration of supply change the perspectives of producers and consumers and their relations and affect thinking about energy security?