Donald Trump campaigned as a saviour for middle America; he promised a revitalization of the coal industry and manufacturing across the Rust Belt. He was an outspoken critic of climate change, often calling it a “hoax”. He opened the Arctic National Wildlife Reservoir to oil drilling and issued over 1400 permits to drill on federal land in his last three months as president alone. America’s limited environmental progress in recent decades has been fueled by the transition from coal to natural gas, a significantly cleaner energy source.
Too often, we are being confronted with numerous analyses about the impact that COVID-19 is having on the economy, the healthcare system, and on societies. However, the geopolitical impact is less discussed, maybe due to the uncertainty of predicting future relations between countries. In this study of consequences of the pandemic the common denominator is that the crisis is enhancing and exacerbating underlying problems that were emerging prior to the outbreak.
Greenland is important in that controlling the island provides significant access to the Arctic Ocean, abundant in resources such as oil, natural gas, iron ore, copper and nickel. Emerging sea routes, due to the reduction of ice sheets, further increase the geopolitical capital of holding influence over the region.
Amongst all Southeast-Asian countries, East Timor is not exactly the most notorious. The country, sometimes also referred to as Timor-Leste, is in fact easily outshined by all its immediate neighbours, namely Indonesia and Australia. Indeed, East Timor is not only substantially smaller in size, but it is also a fairly young nation. International recognition was not granted to the East Timorese until September 27th, 2002, when the United Nations General Assembly finally admitted Timor Leste as an official UN member.
It would not be inaccurate to say that the Nile river, the longest in all of Eurasia, has played a foundational role in human history. After all, it has given rise to one of the first recorded civilizations thanks to its abundance of fresh water. This is no less true today, where it keeps shaping African geopolitics thanks to the vast resources it offers the nations it traverses: fish in abundance, an easy medium for transport, the possibility for hydroelectric power generation, and most importantly, fresh water.
April 20th, 2020 will go down in oil-market history as the day when the U.S. benchmark price for crude dropped below zero for the first time, meaning that producers would pay traders to take oil off their hands. In a massive and unprecedented swing, the future contracts for May delivery of West Texas Intermediate (WTI) tumbled to minus $37.63 a barrel.
Long before the discovery of the New World and roundness of the Earth, it was the Silk Road that connected the East and the West economically, culturally, and politically. The famous travels of Marco Polo were also set through this route. For almost 2 thousand years, from the 2nd century BCE to the 18th century, this road was the largest trade network in the world. Now, after more than 200 years, China is willing to make the Silk Road great again!