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Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
India ready for turbulent times
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
New Zealand backs gas, but results take time
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
South Korea’s transition bottlenecks keep LNG in play
The country’s new government has grand plans for renewables, but the structural changes needed for these policies will take years to carry out
Letter from the Middle East: Iran-Israel war risks dire straits
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
Trump creates new risk dynamic
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
Canada’s energy superpower ambition
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
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A new energy order in the UAE and Saudi Arabia
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Outlook 2025
Politics
Kenneth Pereira
8 January 2025
Follow @PetroleumEcon
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Outlook 2025: Energy access, military considerations and regional security

The traditional concept of the energy trilemma is insufficient to understand how energy and politics really work

Economic theorists would contend that any energy supply strategy comprises considerations that make up the well-espoused energy trilemma. In this well-publicised idea, energy security, affordability and sustainability are the considerations that must be cautiously balanced to achieve social and economic stability while concurrently pursuing a cleaner environment. The level of focus on each element of the trilemma shifts as global macro conditions change from time to time. But is this the trilemma that really underpins how our world works? Perhaps, there are other tangential forces at play that impact decision-making at the control centres of global geopolitics? Oil and military security In 1

Also in this section
Trump’s Russia threat rings hollow
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
Brazil looks to solve its energy security travails
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
India ready for turbulent times
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector

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