A steady stream of anti-fossil policies has been introduced across the world since the inception of Paris agreement in 2016. Be it the reduction in consumption of fossil fuels in some countries or the rapid increase in renewable installations across Europe and Asia, the changes forced by those policies have been quite tangible. There were some major exceptions to this movement. Trump’s stance against anti-fossil energy policies, Australia’s continued export of coal, India and China’s … [Read more...]
The Fossil Fuel Dichotomy: Biden and the East’s Contrasting Energy Approach
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 Fossils India and China alone account for nearly 3 billion people and represent the largest … [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 … [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 … [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 … [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 … [Read more...]
To fix Africa’s hunger problem, bring on genetically modified crops
The economic situation in Africa has improved a lot since the 1990s. Yet rampant poverty and food insecurity still impact millions of lives there. Currently, there is a huge demand-supply gap in the agricultural sector. At least three hundred million are malnourished. The United Nations Food and Agricultural Organization defines food security as "a situation that exists when all people, at all times, have physical, social and economic access to sufficient, … [Read more...]
Yes, We Need More Fossil Fuels in the Developing World
Energy has been a key factor in lifting people out of poverty. With the invention of ingenious methods to harness fuel resources, the energy extracted from naturally available resources like fossil fuels increased rapidly in the past two centuries. As a result, economies grew and people rose out of poverty. However, the energy revolution and industrialization occurred largely in Europe, North America, and a few Asian countries. The oil boom in the Middle East helped many of the states … [Read more...]
China and India are growing their coal ambitions
Contrary to the perception of the mainstream media, China and India are increasing their coal capacity, and not moving away from it. On multiple occasions in 2020, soldiers from China and India engaged in border skirmishes resulting in casualties on both sides and months of trade uncertainty. The Indo-China border tension appears to have eased now, but did the heightened tension between the Asian energy giants impact the trade and growth of the Fossil fuel sector? China … [Read more...]
The Myth of Glorious Renewables
We all love energy solutions that make life better. It is an undeniable fact that coal propelled the Industrial Revolution and led to the alleviation of poverty in the West. More recently, the oil reserves in the Middle East have made it one of the most economically developed regions in the world. Despite their continuous support to the global economy, these fossil fuel sources have now become unpopular among the climate-sensitive, anti-fossil fuel, green lobbyists and environmental … [Read more...]
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