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XIV. Global energy security and its geopolitical impediments: The case of the Caspian Region

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Chapter Summary

This chapter discusses the global geopolitics of energy security in the post-Cold War environment. It differentiates between demand-induced scarcity, supply-induced scarcity, structural scarcity, and the creation and transfer of property rights. Since the collapse of the Soviet Union, the United States (US) has been creating a land-based extension of its post-World War II defense perimeter. The oil and gas reserves of Central Eurasia (CEA) are undeniably significant. These resources are located mainly in the Caspian Region. The chapter surveys the oil and gas reserves of the Caspian region in the matrix of the competitive forces of the post-Cold War environment. It focuses on the following three factors: (1) the increasing global demand for oil and gas; (2) the scarcity of vital commodities such as oil and gas; and (3) the disputes over ownership rights of these resources.

Keywords: Caspian Region; Central Eurasia (CEA; demand-induced scarcity; geopolitics; global energy security; post-Cold War environment; Soviet Union; structural scarcity; supply-induced scarcity; United States (US)



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