Natural gas is probably best known to consumers for its domestic uses of heating, cooking and cooling, with residential use accounting for around 22% of overall natural gas consumption. Its demand has been on the rise the past decades, which highlights the central role that natural gas has in today’s global energy market. The reason behind its popularity is evident: it is a very good source of electricity supply, it is defined by easy storability, and it produces low carbon emissions.
Despite the presence of these constraining and well-designed laws, some companies still continue performing hazardous activities that prioritize the benefits of their shareholders over the benefits of other stakeholders and actors. For instance, an oil company can extract oil in a foreign country, even if this action contaminates the agricultural land, waterways, and groundwaters of a community of around 40 thousand people. This is the case of Shell in Nigeria.
Since its inception, Israel was an energy-starved country surrounded by hostile, oil-rich neighbours. This perception changed in 1999 with the discovery of the Noa gas field off the shores of Ashkelon. However, the discovery of more major natural gas fields in Israel since 2009, including Tamar and Leviathan, has transformed Israel from an energy-dependent country into an energy supplier, both domestically and abroad.
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.
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.
Marine gas oil (MGO), marine diesel oil, and other refined and crude oils are the most common fuels that power the global shipping industry’s thousands of ships. These fuel types have been around for decades but, as of recently, they have been the focus of climate change activism in the maritime industry and far beyond due to their significant CO2, sulfur oxide, and nitrogen oxide pollution contributing to global warming.