By Michael Klare , May 10, 2005.
competitive search for oil and natural gas would inevitably send against each other, the nations that consume large quantities.
From Washington to New Delhi, Caracas, Moscow, and Beijing, national leaders and corporate executives are stepping up their efforts to gain control over important sources of oil and natural gas, while the global struggle for energy intensifies. Never has the competitive pursuit of untapped oil and gas reserves been so acute, and never so much money, as well as diplomatic and military pressure, have been deployed in the competition to gain control over foreign energy reserves. To an unprecedented degree, the success or failure of a government in these efforts are treated as headline news, provoking public outcry when a rival energy is considered a transaction benefited particular. With officials of numerous governments under pressure to meet the needs of their countries, at any cost, the battle for energy can ignite more in years to come.
This fight is being handled by a serious and unavoidable fact: The global energy sources are not growing fast enough to continue with the skyrocketing demand, especially in the United States and developing countries of Asia. According to the Department of Energy (DOE), the global energy consumption will grow 50% during the first quarter century, from 404 to 623 quadrillion BTUs, British Thermal Units, estimated per year. Oil and natural gas will be particularly in demand. Before 2025, global oil consumption is projected to rise by 57%, from 157 to 245 quadrillion BTUs, while gas consumption is projected to grow by 68% from 93 to 157 quadrillion.
appears increasingly unlikely, however, that the world's energy firms can actually deliver such quantities of oil and gas in the following decades, whether for political, economic, or geological. With prices rising around the world and serious shortages in supply, every major consuming nation is under pressure to increase or maximize their share Relative energy sources available. Inevitably, these pressures will prompt some states against others in the competitive search for oil and natural gas.
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