Energy Economy Archives - Political Economy Journal

Geostrategic scrutiny on the construction of a new energy corridor

29

Mar

China, energy corridor, energy economy, Energy Security, energy transit, Europe, gas, geopolitics, Geostrategic, Iran, Oil, Pakistan, Persian Gulf, Russia, Turkey

Geostrategic scrutiny on the construction of a new energy corridor

BY: Pooya Mirzaei PEJOURNAL - Energy has become a lever of burden and pressure that influence international relations and geopolitics. Thus, energy security has been considered vital and important around the world which brings an emergency construction of a tactical strategic energy corridor or passage as a way to guarantee safety-ness. One of the main elements that facilitate world economic development is energy. The pursuit of the world towards development has created unsteadiness and imbalances in the supply and demand of energy. Therefore, energy resource has a major issue that needed an emergency approach to the nations globally. It has…

Getting East Mediterranean Energy Right

BY: Nikos Tsafos* PEJOURNAL - This was a tumultuous summer in the Eastern Mediterranean. On August 12, there was a collision between a Greek frigate and a Turkish frigate as the two navies circled the Turkish survey vessel Oruc Reis. Military exercises drew in forces from the United States, Russia, and France. The United States, Germany, and NATO each tried to mediate between Greece and Turkey. The Mediterranean members of the European Union held a summit, leading French president Emmanuel Macron to tweet “Pax Mediterranea” (whatever that means). Russia offered to help lower tensions, and Greece announced a massive weapons…

Countries that are reliant on oil face uncertainty as renewable energy gain ground

BY: Paul Cochrane PEJOURNAL - The theory of peak oil, whereby the cost of extraction would exceed how much consumers were willing to pay while demand outstripped supply, was first floated more than 60 years ago. Oil production, geologist M King Hubbert predicted, would peak by the turn of the millennium. That didn’t happen - but the spectre of peak oil raised its head again in the mid-2000s, in part pushed by Matthew Simmons’ book Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy. Simmons argued that Saudi Arabia had inflated its colossal oil reserves - a…