The World’s ‘Energy Game’ Hotspots

For the past few years, especially since the start of the war on terror, oil prices have gone and societies across all the major industrial states have begun to appreciate the virtues of renewable energy production. The situation on a global scale is still in flux since opposite interests drive their own agenda in order to secure multibillion dollar investments or to gain political influence through the effective tool of energy, in the form of pipelines, terminals, and offshore installations.
The volatile Middle East is still the center of the globe when it comes to energy policy, which has consequences for the rest of the world. For example, according to the Institute for International Economics, the United States faces a probable economic recession, estimated at 30 percent due to a sudden increase in the hydrocarbon price index. Moreover, the Center for Global Energy Studies in London estimates that the geopolitical turmoil in Iran, Iraq, Nigeria, and Venezuela, coupled with the emergence of “energy nationalism,” has reduced the daily supply of oil