The Death of OPEC

Project Syndicate, Anas Alhajji
IRVING, TEXAS – The Organization of the Petroleum Exporting Countries is dead. Saudi Arabia killed it. Now, OPEC is just a toothless zombie, attracting attention, but without having any impact on the living.
Few have noticed OPEC’s demise for a simple reason: it never really had the impact that it was widely perceived to have. It was never actually a cartel, possessing monopolistic market power. Anyone who thought otherwise was mistakenly attributing to it Saudi Arabia’s market power.

Energy Is The Reason Europe Is Still Backing Erdogan

Turkey European Energy Relations

By Irina Slav 
Turkey European Energy Relations

A lot of people in Europe are wondering why political leaders on the continent seem to be ready to agree with whatever Turkish President Recep Tayyip Erdogan says, and do anything he demands. Many resent Erdogan’s hand-twisting approach to the migrant crisis and worry about Turkey turning into a dictatorship, plain and simple.

Russia revisits oil pipeline to avoid Black Sea

by Daniel J. Graeber
Russia could revisit a land-based oil pipeline meant to get around Turkish waterways if the political situation worsens, a Russian executive said. Nikolai Tokarev, the head of Russian pipeline company Transneft, said there was renewed interest in building the Burgas-Alexandroupolis oil pipeline.

Bulgaria to Start Building Gas Interconnection with Turkey in June

Bulgaria: Bulgaria to Start Building Gas Interconnection with Turkey in June

The construction of an interconnection pipeline linking the gas transmission systems of Bulgaria and Turkey would start in the next two weeks, Bulgarian Prime Minister Boyko Borisov said on Thursday, according to public radio broadcaster BNR.

Energy and Geopolitics Are Now Intertwined

cc Flickr Opendemocracy, modified,

Geopolitical Monitor, Todd Royal
Assessing morally obtuse, naïve multiculturalism is a quality lacking in the article by Niko Tsafos titled, “A U.S. Gas War with Russia?” The premise grossly understates Russia’s reaction to the United States’ (US) liquid natural gas (LNG) exports to Europe, and gives the impression Russia will not be overly bothered by this occurring. It has become dangerously fashionable to blame problems on outside factors, instead of CONSIDERING regime type, historical precedence, and basic rules of deterrence.

Oil pioneer Michael Johnson says Greece has plenty of oil, too

Michael Johnson

By Demetrios Rhompotis 

Oil “guru,” geologist, entrepreneur and philanthropist Michael Johnson (Giannakopoulos), who initiated horizontal drilling, a new technique that has perfected fracking–invented by another Greek-American, George Mitchel– making possible the discovery of the Parshall oil field in North Dakota with oil reserves of 15 billion barrels, believes that in parts of the Aegean, southern and especially western Greece, there is oil in abundance waiting to be extracted. He pointed out that even Herodotus–more than 2,000 years ago–knew about the oil in Zakynthos!

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