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Papers
- The World's Energy Hotspots (WorldPress.org)
"The volatile Middle East is still the center of the globe when it comes to energy policy, which has consequences for the rest of the world. For example, according to the Institute for International Economics, the United States faces a probable economic recession, estimated at 30 percent due to a sudden increase in the hydrocarbon price index. Moreover, the Center for Global Energy Studies in London estimates that the geopolitical turmoil in Iran, Iraq, Nigeria, and Venezuela, coupled with the emergence of "energy nationalism," has reduced the daily supply of oil—from 2000 onward—by 7.8 million barrels. This is a substantial decrease, comparable with the daily consumption of Germany and France combined. For the time being, there are five hotspots where the 21st century's energy game is unfolding, which will affect the economy worldwide for the coming years." 04-10
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