- published: 08 Apr 2014
- views: 56131
The term energy superpower is a term mainly used by media and politicians to refer to a nation that supplies large amounts of energy resources (crude oil, natural gas, coal, uranium, etc.) to a significant number of other states, and therefore has the potential to influence world markets to gain a political or economic advantage. However, it does not have a clear definition. The term is usually used to refer to Russia, but has been used also to refer to other countries, such as Saudi Arabia, Canada, Australia, and Iran.
Energy superpower status might be exercised, for example, by significantly influencing the price on global markets, or by withholding supplies. The status of "energy superpower" should not be confused with that of "superpower".
Russia's reserves of natural gas have helped give it the title of energy superpower. However, this status has been called into question by some. As Vladimir Milov, of the Carnegie Endowment for International Peace, says :
The "energy superpower" concept is an illusion with no basis in reality. Perhaps most dangerously, it doesn’t recognize the mutual dependence between Russia and energy consumers. Because of political conflicts and declining production, future supply disruptions to Europe are likely. As a result, European gas companies may likely someday demand elimination of the take-or-pay conditions in their Russian contracts. This would threaten Gazprom’s ability to borrow. Putin’s attempt to use energy to increase Russian influence could backfire in the long run.
Israel: The Next Energy Superpower?
FiRe 2007: Russia’s Future: From Military Superpower to Energy Superpower
Canada as a Resilient Energy Superpower
Launch of the Renewable Energy Superpower Plan, Melbourne
Canada is a food & energy superpower. We should start acting like it.
Superpower Energy Saver (www.myezshopmall.com)
Fereidun Fesharaki: Is the U.S. a Rising Energy Superpower?
Becoming an Energy Superpower - Highlights of North America Integration
Hillary Clinton Unveils Masterplan To Make US 'Clean Energy Superpower'
Grain Transport Crisis and Canada as an energy superpower