By Prof. Gawdat G. Bahgat
The usa is the world's biggest oil patron and importer. right here Gawdat Bahgat examines the nation's becoming dependence on fossil fuels--particularly oil--and the most demanding situations it faces in securing offers from energy-rich areas, the Persian Gulf and the Caspian Sea. He argues that long term U.S. power process has to be equipped on variety of either the gasoline combine and the geographic foundation of that gasoline. it may comprise a wide mix of measures that may stimulate household creation, offer incentives for conservation, advertise fresh applied sciences, and get rid of political obstacles to international markets.
Bahgat additionally contends, even if, that the aim shouldn't be strength independence, yet discovering new methods of dealing with dependence on oil provides from out of the country. He keeps that regardless of expanding reservoirs of oil and ordinary gasoline in the course of the international, together with the Caspian Sea, the Persian Gulf will remain the most resource of U.S. fossil gasoline. Bahgat analyzes either contemporary and ancient demanding situations to the connection among the USA and Saudi Arabia, the world's biggest oil manufacturer and exporter, together with the Arab-Israeli peace procedure. He additionally discusses the hostility among the U.S. and Iraq and the annoying dating among the us and Iran, together with such delicate subject matters because the proliferation of guns of mass destruction and terrorism, in addition to advancements within the wake of September eleven, 2001.
In his overview of the underdeveloped Caspian Sea reservoir, Bahgat means that strength specialists and coverage makers have exaggerated the region's power, mentioning logistical, financial, and political hindrances that needs to be conquer prior to the quarter performs an important position in generating fossil fuels. those hindrances comprise household ethnic divisions, disputes over the felony prestige of the Caspian, disagreements over the main low in cost transportation routes, and adjustments within the sector within the aftermath of the battle on terrorism.
Gawdat Bahgat, director of the guts of heart japanese experiences at Indiana collage of Pennsylvania, is the writer of The Gulf Monarchies: New financial and Political Realities; the way forward for the Gulf; and The Persian Gulf on the sunrise of the recent Millennium.
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25 For much of its modern history, China has relied on coal and oil to fuel its economic growth. Natural gas has played only a marginal role in satisfying the country’s growing energy needs. However, according to many environmental groups, China is one of the most polluted countries in the world, and a new awareness is emerging that clean energy sources must be utilized to maintain a sustainable social and economic development. Thus, a significant shift is emerging in China’s energy mix. 26 A major obstacle to the largescale development of the gas industry is the geographical imbalance between gas reservoirs and consuming centers.
19 Second, the rise of Russia’s oil and gas production and exports has consolidated the country’s stand on the global energy scene. Increasingly, Moscow has a strong say in shaping energy policies and prices. In order to prevent oil prices from falling, OPEC members have always sought to keep their production at a certain level. Because it is not a member of OPEC, Russia is not under any obligation to cut production or adhere to a quota system. Thus, in 2001, OPEC cut its output by 13 percent, while Moscow increased its production and share of global market.
Thus, China has become the second largest energy-consuming nation, trailing only the United States. This skyrocketing demand for energy has raised concern over the adequacy of indigenous resources to satisfy the ever-growing consumption. In other words, security of energy supply is considered crucial for sustaining China’s economic development. The problem is that China’s oil production has not kept pace with its growing demand since the early 1990s. In order to address this imbalance, Beijing has pursued a threefold strategy.