Page added on June 23, 2009
In the looming disaster of peak oil, countries are desperately scrambling to secure oil resources for themselves to the exclusion of others. An exclusive consortium of oil and gas producers led by Russia are entering into long-term contracts with select consumers like China and India, to corner the last remaining major oil and gas reserves on the planet. With the growing scarcity of oil resources worldwide, the last remaining nations with large proven oil deposits are banding together to gain geopolitical leverage. They, in turn, enter into strategic partnerships with preferred consumer nations.
Key energy producers in this elite consortium that is led by Russia include Iran , Venezuela , Brazil , Bolivia , Algeria , Indonesia , Malaysia , Kazakhstan , Sudan , Angola, Turkmenistan , and Uzbekistan . There is a strong possibility that other Organization of Petroleum Exporting Countries (OPEC) members, such as Saudi Arabia , may opt to join. An indicator of this is the planned construction by Saudi Arabia of a huge oil reserve depot and petrochemical plant in China . Saudi Arabia has also entered into a long-term supply contract with China .
Aside from China and India , the other major consumer countries include Germany , Italy , France , Austria , Hungary , Greece , Bulgaria , Serbia , and Switzerland . Unfortunately for the U.S. and the United Kingdom , they are “locked out” from this exclusive club. Corollary to this is that it would bar the oil majors of America and England from tapping into the last few remaining oil and gas fields. Similarly, Japan and South Korea , (or perhaps even India ) may find themselves in the same leaking boat with the U.S. if they don’t play their diplomatic cards right. For the unfortunate ones who are locked out, artificially-induced peak oil will hit them first before the impact of genuine peak oil affect the rest of the planet.
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