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Middle-East Oil Burn Continues (media blackout on the same)By Vijay Jayaraj -- May 18, 2021 No Comments
“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 trying to persuade the ‘oil-guzzling’ countries to reduce their fossil-fuel dependency. But the great global oil juggernaut rolls on. Countries in the Middle East, especially, are optimistic about a coming decade of increasing oil and gas exports.
In contrast to the anti-fossil fuel-oriented policies of the West, the Middle East remains very committed to their primary revenue resource: oil and gas.…Continue Reading
Nigeria Places Its Bet on Oil, Gas, and Coal to Secure Its Energy FutureBy Vijay Jayaraj -- April 26, 2021 No Comments
“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 additional 11,163 MW of power.”
There have been reports that Nigeria, Africa’s biggest economy, is shifting away from oil and gas and is looking to invest in renewables. Recent energy decisions and investments show otherwise. The country is placing its bet on fossil fuels.
Fossil Fuels: Key to Nigeria’s Energy Future
Only 45 percent of Nigerians have access to the national power grid.…Continue Reading
The Fossil Fuel Dichotomy: Biden and the East’s Contrasting Energy ApproachBy Vijay Jayaraj -- April 14, 2021 No Comments
“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?”
“China emits more carbon dioxide every 16 days than Australia emits in an entire year. Together, India and China are responsible for 35% of all carbon dioxide emissions globally.”
While leaders in the West are obsessed with a fossil fuelless utopia, the developing economies of the world are going full-throttle with superior mineral enemies.
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 fossil fuel consuming block on the planet, with China the undisputed champion.…Continue Reading
Environmental Activism as Carbon Imperialism: Nightmare for the PoorBy Vijay Jayaraj -- February 1, 2021 1 Comment
“One of the chief hurdles is bringing reliable, affordable electricity to all the people of India. Uninterrupted electricity is still a luxury that few Indians enjoy.”
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 and bounds, lifting hundreds of millions out of poverty. Yet it has a long way to go before it can become like nations in the developed West.…Continue Reading