While leaders in the West are obsessed with a fossil fuel-less utopia, the developing economies of the world are going full-throttle on fossil fuel. Could we be heading into an East-West dichotomy where different directions for the energy sector are pursued, making the East more energy secure and imperiling energy security in the West?It seems the likely case.Eastern Giants Go Big on FossilsIndia and China alone account for nearly 3 billion people and represent the largest fossil fuel … [Read more...]
Oil May Hold Key to Reviving South Sudan’s War-Torn Economy
For the first time in many decades, there is a sense of hope and optimism for economic growth and development in South Sudan. I want to tell you why.The landlocked country in East-Central Africa is one of the poorest in the world. Around 4 out of 5 of its people live in poverty, and 70 percent of children have no access to schooling.As with many other Sub-Saharan countries, South Sudan’s energy consumption (per capita) is low—indeed, the country is ranked at 166th in per … [Read more...]
China Funds Africa’s Fossil Fuel Renaissance—To Africa’s and the World’s Peril
China is pushing major advances in Africa’s energy sector. It will inevitably use the African fossil fuel sector as security for its own future energy needs. The geopolitical consequences could be serious.Countries in Africa are in dire need of economic uplift for which a fossil-fuel supported energy sector is indispensable. In a world of growing opposition to fossil fuels, China has become Africa’s key fossil fuel enabler.Africa Must Move Forward, and Fossil Fuels Are an Absolute NecessityThe … [Read more...]
Nigeria Places Its Bet on Oil, Gas, and Coal to Secure Its Energy Future
“Experts are unanimous that the increase in oil and gas production will play a critical role in the Nigerian economy’s recovery in 2021. Forecasts indicate that oil and gas production will continue to increase rapidly in the next two decades.”“Nigeria’s current power generation is around 5,000 MW, while the ideal capacity would be around 30,000 MW. Nigeria plans to add six new coal plants by 2037. Together with 9 new additions of gas plants, this would provide an … [Read more...]
Liquified petroleum gas: Essential to alleviating energy poverty in Africa
Gas is a fossil fuel, so it endangers our planet, right? At least that’s what radical environmentalists and climate activists want you to believe.The problem? Their perspective is completely detached from energy reality and obstructs alleviation of energy poverty.Gas is a fossil fuel wonder. It has been a game changer in meeting human civilization’s energy demand for clean fuel for cooking and heating. So much so that the very organizations that ask countries to reduce fossil fuel emissions … [Read more...]
When wildlife and the economy flourish together: A case from India
Imagine driving from the heart of a city for 50 miles and finding elephants blocking your road! That was the childhood I grew up in, a stone’s throw away from some of the most dense tropical forests of Asia.Though the forests were lush and the environment pleasant, there was a constant stress on the local communities to fight poverty and attain financial stability. This was the story of India during the 1990s.Two decades later, India has not only grown economically stronger, but has also managed … [Read more...]
Middle-East Oil Burn Continues (media blackout on the same)
“Given the receptive nature of the Middle Eastern countries to future oil and gas projects, oil giants from Europe are also planning to increase their investment in the region’s unceasing oil juggernaut.”“The notion that the world is moving away from fossil fuels is incorrect, at least as per the production and consumption numbers of oil, gas, and coal worldwide. The Middle East scenario gives a better picture of where the future of oil is headed.”On Earth Day, President Joe Biden was busy … [Read more...]
An Open Letter to John Kerry from People Living in Energy Poverty
Dear Mr. Kerry,I write to you from India, a country you visited recently. Before I share my thoughts about some of your policy recommendations to my nation, I would like to mention a small note: When you ran for President in 2004, your pictures appeared in the local newspapers in India. Sitting in a remote, underdeveloped part of southern India, as a young high school student I wanted you to win that year. You did not, but I was hopeful that you would make it big in politics, and you did! … [Read more...]
Oil and Gas Kindle Hope of Economic Progress in South America
South America has been a major producer of oil and gas, with the fossil fuel sector contributing significantly to economic growth. Its emergence out of poverty will depend not just on production of fossil fuels but also on their use to drive an industrialized economy.Recent developments in the oil and gas sectors indicate that some of the struggling economies might benefit from the production and export of oil and gas. Here is a look at some of those developments in 2021 that offer a glimmer of … [Read more...]
Environmental Activism as Carbon Imperialism: Nightmare for the Poor
Environmental activism can delay or even stop development projects in developing countries. Not all of it is wrong, but more and more of it is, especially concerning hydrocarbon-based power plants in developing (and developed) countries.I live in India. With a population of 1.3 billion, nearly 300 million live in poverty, excruciating poverty compared to Western living standards.India is in a race against time to achieve economic progress. In the past three decades its economy has grown by leaps … [Read more...]
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