as the world continues growing on a fast clip.. one crucial thing that getting more & more vital for continued growth is energy.. most of the developed & developing world is today fossil-fuel based.. be it gasoline or LNG.. and these resources are in lands ruled by the most rogue-est of regimes on the face of the earth (sudan,burma,iran,saudi arabia..).. and some not so rogue (russia).. everybody wants to make their energy lines secure (at least history has taught us so.. WWII).. hence a mad scramble ( by developed nations) to buy out oil assets in any possible area.. add to this the oil producing nations attempt to nationalize or keep the oil industry in government's hands (russia,bolivia,venezuela ect) to control the future prices... we are in a situation where too much of money & national power is chasing to few assets... and oil companies in both producing & consuming nations have become an extension of the government's foreign policy stratagem... but does energy nationalism work out in a new market driven market place.. wouldn't government ownership just add to the nepotism already prevailing in these corrupt regimes... the answer is nobody wants to take chances... after all the lifeline of today's economy is energy.. a $3/gallon a gasoline made Bush sweat.. think of what happens if there is none of it.. in asia the oil scenario is geo-political.. China/India are out their trying to hedge their needs in case something bad happens in middle-east... by buying out in central asia/burma/africa.. the regimes are also playing partner... those nations no being part of party are busy taking control of their energy resources and using them to exert political power... as oil becomes the new currency of this global and ever-energy-hungry economy...
~Cinnamon Girl~
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