While the rest of the world is mainly concerned about the energy disruptions caused by the Iran war, the Gulf countries are more anxious about the Islamic Republic’s threats to their desalination facilities. If the US attempts to seize Kharg Island, it could spell disaster for the region's "saltwater kingdoms."
Investors risk pouring billions into what could soon become stranded assets in countries such as the Philippines. Liquified natural gas is not the future – it’s a financial trap.
Carbon capture and storage has been hailed as a potential way to reduce emissions, but it is more likely to increase them by boosting oil and gas extraction. The cheaper and more effective solution is to move to cleaner forms of energy.