Crude Oil and Natural Gas reserves divided between two superpower blocks - third world war over underwater reserves?
Balaji Reddy
Jan. 2, 2007

It is interesting to note that US reliance on Opec highest in the last twenty years. America imports close to 40% of OPEC production. The startegic interests of America lies in protecting these energu reserves.

At the same time India, China and Bazil have quadruples energy consumption. These economies are growing very fast. Interestingly, only 10% of OPEC output is consumed by these rapidly growing developing countries.

Russia is playing an energy card in becoming the next super power. It controls the East European supplies and at the same time supplies bulk of China’s needs. Brazil is depending more on sugar based ethanol. India is a mixed basket. India does not have much choice but to gather energy any way it can.

Within OPEC there are pro-American group and anti-American group. As oil and gas needs rise in coming years, Russia and anti-American OPEC groups will jopin hands. That may include Venezuela, Iran and so on. There will be two distinct groups under two superpower blocks. First the pro-American Western and Middle Eastern group of nation. Then there will Russia led block of countries.

During the enxt several years, a massive rush towards uunderocean reserves will take place. Japan, South Korea and China are already at odds over the underwater reserves. India is planning very rapid expansion of its Navy to tap deep water oil and gas reserves. China will compete with the Americans in deep water oil and gas resources.

The bottom line is whoever controls the oiland gas will control the world economies. The superpower blocks will face each other in grabbinng the deep underwater oil and gas reserves in deep oceanic crusts.

Some international thinktanks believe, the world war of energy may have already started. United States just extended its warm welcome signs to India with the US-India civilian nuclear energy pact.

Russai, China, Iran are quietly panning OPEC style cartel on natural gas. Natural gas will be much more in shortage than crude oil.

Superpower navies will face each other to secure oil and gas reserves in deep oceans.


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