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Hello Connections, Posting a geopolitical case study after a long time on the Strategic Oil Reserves! Hope you all like the read. 1973 Oil Crisis: A Catalyst for Geopolitical Shifts 🛢️ In 1973, the world witnessed a seismic shift in geopolitics when a war erupted between Israel and a coalition of Arab states. 🌍 Led by Egypt and Syria, the conflict sent shockwaves through global oil markets. Countries supporting Israel, like the US, faced punitive oil sanctions, disrupting the flow of petroleum. The Organization of Petroleum Exporting Countries (OPEC) flexed its muscles, leading to a staggering 130% surge in oil prices. In response, Western nations formed the International Energy Exchange (IEA) to counter OPEC's dominance. This alliance aimed to mitigate future oil shocks by establishing Strategic Petroleum Reserves (SPRs) – emergency stockpiles of oil. These reserves provided a buffer against sudden price hikes and supply disruptions. Fast forward to today, India is gearing up to build its first privately managed SPR by FY30. 💼🛢️ Unlike traditional government-managed reserves, this initiative involves leasing out storage space to private companies. By sharing the burden of maintenance and refilling, India aims to reduce costs while ensuring strategic oil security. However, the effectiveness of SPRs has come under scrutiny. Despite being the largest holder of petroleum reserves, the US SPR has often failed to stabilize oil prices during crises. Critics argue that the costs of maintaining SPRs may outweigh the benefits, especially considering the declining frequency of oil supply shocks. India, as the world's third-largest crude oil consumer heavily dependent on imports, faces a dilemma. 🇮🇳 With over 85% of its oil needs sourced from abroad, expanding SPRs becomes imperative to safeguard against disruptions. While leasing out storage space to private companies offers a pragmatic solution, it also raises questions about national security and strategic control. In an evolving energy landscape, marked by a shift towards renewable sources, the role of SPRs is being reevaluated. While they remain crucial for energy security, their efficacy in a rapidly changing world is being questioned. As India navigates the complexities of energy geopolitics, finding the right balance between cost-effectiveness and strategic resilience is paramount. 🌐💡 Hope you all liked it, follow and connect with me to get more of such case studies on different interesting topics of geopolitics!! Like and share!!! #OilCrisis #Geopolitics #EnergySecurity #SPRs #IndiaEnergy #RenewableFuture

Many have referred to the ongoing conflict in the Middle East as a "War of Attrition." Turns out they're right, but they have the story absolutely backwards about who is being attrited. It's not Israel; it's Iran and all of the Petro states. You might think the Petro states are freaking out because their deepest darkest security facilities have obviously been penetrated, but in reality they're freaking out because their cash flow is drying up faster than a puddle in the Sahara. We're on the verge of a major war in the Middle East and oil prices are GOING DOWN. OPEC slashed oil production a number of months ago and yet still the price of oil has only GONE DOWN. According to the article below, that is because the market is experiencing a rapid fall in demand from China, the world's largest oil consumer. Shucks, I guess that's what happens when more than 50% of Chinese new car sales are now electric, and the massive manufacture of electric vehicles is your biggest new business venture. And guess which country is experiencing the biggest decline in sales? Iran! (according to the article below). Terror ain't cheap baby! While the Ayatollah and friends are busy thumping each other on the chest, talking about how tough they are, they're actually going broke. Meanwhile, Venture Capital funds continue to pour into Israel despite the war, funding the industries of the future such as biotech, AI, and of course, now more than ever, A high-tech defense industry that is growing like wildfire. We should be thanking Iran! By generously volunteering as target practice, they're helping Israel demonstrate to the world the power of her new military technologies. Israel has AI, biotech, military tech, water, tech, Iran has a glut of oil that nobody even wants anymore. So who is the one in trouble? #Zionism #Zionist #ProIsrael #StandwithIsrael #Israel https://lnkd.in/e_bRZJ4X

A quick snapshot from #ISPI on the impact of what happens in the Red Sea

World’s oil market unbalanced amid Iran-Israel tensions, will it affect India as well? Full Article Link >>> https://lnkd.in/gJYpGXzm Welcome To Latest IND >> Fastest World News NEW DELHI: Amid ongoing tensions in the Middle East, global shares are showing mixed performance, with the energy sector seeing a 2.4 per cent gain, its best session in five months, driven by rising oil prices amid growing concerns.India is highly dependent on Middle Eastern oil , […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

World’s oil market unbalanced amid Iran-Israel tensions, will it affect India as well? Full Article Link >>> https://lnkd.in/g_YfxHMi Welcome To Latest IND >> Fastest World News NEW DELHI: Amid ongoing tensions in the Middle East, global shares are showing mixed performance, with the energy sector seeing a 2.4 per cent gain, its best session in five months, driven by rising oil prices amid growing concerns.India is highly dependent on Middle Eastern oil , […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

What happens when a petrostate's oil reserves can no longer sustain its economy? Authored by Deepika Gupta for the Geostrata. How can countries with significant oil reserves diversify their economies to avoid similar crises? Share your thoughts! #petrostate #economicdiversification #venezuela #refugeecrisis #inflation #economy #sustainability"

🛢️ Since November 2022, #OPEC+ has strategically implemented three rounds of oil production cuts, cumulatively reducing global supply by approximately 5.8 million barrels per day. The key phases: 🔹 November 2022: -2 million barrels per day 🔹 January 2023: Further cuts 🔹 November 2023: -1 million barrels per day 📉 These measures aimed to stabilize oil prices amidst negative economic forecasts and an anticipated supply surplus, profoundly impacting global geopolitical and economic landscapes.  

O Banco Mundial divulgou os relatórios técnicos: 🔷 "The Changing Wealth of Nations: Valuation of Hydroelectric Assets in the Context of the Changing Wealth of Nations 2024" https://lnkd.in/dqn65Ebk 🔷 "The Changing Wealth of Nations: Global Estimates of Carbon Stocks in the Vegetation and Soils of Terrestrial Ecosystems" https://lnkd.in/d-2GbCr2 🔷"The Changing Wealth of Nations - Global Assessment of the Economic Value of Non-Wood Forest Ecosystem Services" https://lnkd.in/dqsDRspN

Look forward to this discussion at the World Circular Economy Forum WCEF Less talk and more action.! Dr Patience Mpofu

Global oil demand growth in 2025 is expected to remain robust at 1.8 mb/d, y-o-y. OECD demand is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.