... 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,... ..., whereby rapid improvements in energy efficiency have set precedent for a much more sluggish demand.
Resurgence of the USA – No Longer a One Way Ticket:
USA is anticipated to produce 101% of its energy needs by 2035, up from a low 69% in ...
... cheap money. This, coupled with low interest rates across the whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit crunch’.
At first, this led to a pan-European banking ... ... 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 ...
... "no single nation or group can dominate world's 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 ...
...
Findings and Conclusions
- Demand Carousel turns towards the Developing States:
In developed economies demand is expected to stagnate. In Europe, perceptions about gas... ... to 1980’s. Moreover, albeit global energy intensity has fallen globally (even China and Russia has improved) due to technological innovation within efficiency, nonetheless... ... self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it first built at a massive...
... 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,... ... begin to lose market share – which has not changed in the last decade. The decision must be well calculated, yet quick, as USA has almost achieved independence from energy imports due to shale which could supply North America, Australian shale could ...
