95% of transport fuels in the world are derived from oil. This makes it hard to argue that renewable or other non-petroleum sources of fuel could cut into oil’s market share, at least in the near term. Transportation, and thus petroleum, is essential to growing economies like China and India and petroleum security will continue to be essential for the global economy.
So who controls oil? You guessed it; the Middle East and North Africa dominate the global oil sector and the future of energy security.
With the exception of Canada and the U.S., across the board, these countries are dictatorships or false democracies that are often subjected to artificial elections where the outcome is always in favor of the current “democratically” elected dictator.
Why are most Middle East governments dictatorships?
Simply put, dictatorships are easier and more efficient to deal with, especially with something as precious as petroleum security. For businesses involved in the oil industry, Dick Cheney said it best: “The good Lord didn’t see fit to put oil and gas only where there are democratically-elected regimes friendly to the United States. Occasionally we have to operate in places where, all things considered, one would not normally choose to go. But, we go where the business is.”
Essentially, dictators provide Western companies with immense wealth and the opportunity of vast and cheap reserves. At the same time, these Western companies are headquartered in countries with democratically elected representatives in government. These democratic governments, although against their core values, will need to deal with hostile and mismanaged governments in the Middle East and North Africa. They do this to secure petroleum and keep Western oil companies active, efficient, and profitable in the Middle East & North Africa, and of course to feed the insatiable appetite for oil in the West.
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