A recent attack on Saudi oil facilities west of Riyadh were designed to demonstrate Tehran’s ability to target all of the region’s oil and gas exports and raise exponentially the cost of military conflict for the US and its allies in the Gulf region, writes Hasan Alhasan.
There can be little doubt now that Iran and the US are inching toward full-scale war. All attempts by either to force a change in the other’s behavior have come to nothing. Conflict now seems inevitable, writes Dnyanesh Kamat.
Azerbaijan, a major energy exporter, is suffering from the fall in oil prices, and is also grappling with a strategic dilemma when it comes to the country’s position in the region, writes Geopolitical Futures.
The recent meetings of Russian President Vladimir Putin with Gulf states officials in Sochi have been much more confrontational than what was reported, writes Stratfor, the Texas-based global intelligence company.
The latest withdrawal from shale gas exploration in Poland by Chevron illustrates how shale gas is unlikely to ever contribute to the EU’s energy mix. Deflated expectations, industry mishaps and lack of social acceptance of fracking should stiffen the resolve of EU leaders to concentrate on renewables and energy efficiency, writes Geert Decock.
The reduction in oil prices should be a good opportunity for Europe to put in place the appropriate tools for combating climate change, and to start the transition to a sustainable economy, writes Alberto Majocchi.