The current crisis in Ukraine has pitted the United States and its allies in Europe against Russia. Russia has demonstrated the will to use political and military force to pressure Ukraine and the West, but its most effective method of coercion may still be targeting Ukraine’s dependence on Russian natural gas.
The world gas market is currently dominated by gas exporting behemoths like Qatar, Russia, Algeria, and Iran. Natural gas is the cleanest fossil fuel–compared to coal and oil–and therefore encourages an increase in power plants that run on natural gas. Many coal-fired power plants in the U.S. are being retrofitted right now because of the abundance […]
There is a potentially dramatic change in the location and availability of natural gas globally. If all comes to pass as predicted, it would alter the geopolitical power of some countries like Russia, while lessening American, and possibly Chinese, Indian, and European, dependence on foreign oil and gas. Unlike normal natural gas, which is often found […]