... readers to decide, as at the end its personal preference.
Changing the Engines of Growth – Asian Momentum & OECD’s Stagnation:
Asia will manifest into the leading cradle of energy growth with more than a half of it coming from India and China. A key factor behind growth in these nations and similar countries, will be the most predictable – growth in population, with a respective need for energy. More specifically, the international energy markets will record a “hump-effect” ...
... hope to share some of the findings and research conducted. In this first post of two-part special, a Europe-Russia focused question and answer session is outlined with Dr. Tatiana Mitrova, whereas in the subsequent second post, coming later, we look at China-Russia.
Europe-Russia ‘Special Deal Severed’:
In normal day-to-day life Europe has a stable and diversified supply structure. It is currently doing enough to diversify its supplies so it does not undermine its energy security,...
... diversity, Russia will never have a monolithic identity or single outlook. As the global centre of gravity shifts from the European Atlantic to the Pacific Ocean, Moscow is likely to stop looking West and instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains a European power – part of Europe’s non-West alongside Turkey and Ukraine. Indeed, the country is anchored culturally and politically in the wider Europe, not in Asia. The problem is that ...
... affairs"; this could be just rhetoric, but it still aids to dispel some peoples worry that Russia's Chinese neighbour could be a threat, while also calling for the final end of USA's hegemony (See: SCMP). Albeit, it is hard to see China not taking the lead regionally and globally in the future as it clearly dominates, particularly in the BRICs (economically and politically). The days of it being the young brother of Russia, are unfortunately gone (See: TheDiplomat). With the recent ...
... which means that demand for gas and oil is likely to stagnate even further. Interestingly, although welfare has increased in developed economies which led to a rise in consumption per person for oil and gas, nevertheless, it was counter-measured by efficiency ... ... notably less powerful cars of the 1960’s to 1980’s. Moreover, albeit global energy intensity has fallen globally (even China and Russia has improved) due to technological innovation within efficiency, nonetheless it is unlikely to fall further as ...
... do not breakeven; Krutikhin quotes Alexey Miller, Gazprom’s CEO, that by 2018 this sum could be a huge $127 billion for the whole sector. Krutikhin says the Eastern Expansion Project needs particular attention; for instance in respect to gas, China opposes paying over $290 per 1000 cubic meters, which is $110 cheaper per measure in contrast to the European consumers, whilst gas is also only really needed in Manchuria. So, not to exacerbate, resources must be price competitive to make alternatives ...