Following the dispute over the seizure of a Chinese trawler and its crew by Japan in the disputed waters in the East China Sea believed to be rich in oil and gas resources, Beijing has been flexing its muscles against Tokyo in another area. However, this one may have far deeper consequences not only for Japan but for the rest of the world.
Today hardly any part of the world is untouched by the interplay of oil and international politics. Consumers as well as producers are concerned about the impact of national and international events that increase or restrict the supply of energy. Given that the West Asian region holds the world's largest residual oil and gas resources, the article seeks to analyse the importance of West Asia in the context of the changing geopolitical situation and its impact on the current oil market. The article also focuses on the issue of the petrodollar and looks at its impact on the oil market.
This article evaluates the opportunities associated with The Hague Code of Conduct (HCoC) for India. HCoC is a stand-alone agreement against ballistic missile proliferation. Since the 1974 Pokharan nuclear tests it has been tricky for India to get into the non-proliferation mainstream. The success of the 2005 Indo-US nuclear deal is a first step towards global acceptability of India's non-proliferation and disarmament policies. Now, it is important for India to start supporting the international norms which do not affect their strategic programmes.
Continuing conflict, competition and rivalry have been a regular phenomenon in the Gulf region over the past few decades. Among other reasons, the troubled relationship between the Gulf Cooperation Council (GCC) countries and Iran has been one of the major factors responsible for the present state of affairs in the region. The relationship has been marked by sectarian and ideological differences, clash of interests over the presence of the US in the region, concerns over the Iranian nuclear programme and territorial disputes between Iran and the United Arab Emirates (UAE).
The present energy crisis in Bangladesh is partly due to over-dependence on gas which fulfils more than 70 per cent of its energy needs. The present gas deficit against the national demand on a daily basis is expected to increase further in the future. The crisis will deepen unless a greater share of indigenous coal is included in the energy mix. The geological and social constraints of an over-populated fertile agricultural land area remain an obstacle to large-scale coal mining and this has to be addressed rationally.
