The Never Ending Conflict Over Resources

17th October 2016 / Global

By content partner sharing.orgAn alarming consequence of humanity’s continued failure to share resources is the escalation of interstate conflict over land, fossil fuel reserves and other key industrial materials.

Almost every government now assigns a great strategic significance to resource security, particularly in relation to oil and gas supplies. The result is a new global landscape in which competition over vital resources is becoming the governing principle behind the accumulation and deployment of military power. With the proliferation of nuclear weapons continuing unabated, however, any intensification of the struggle to secure the world’s untapped natural resources increases the likelihood of a catastrophic war among the major industrial powers.

Falkland Oil and Gas Ltd, abbreviated to FOGL, was an energy company registered in the Falkland Islands and headquartered in London, the United Kingdom. Its business was based on exploring for offshore oil reserves off the coast of the Falklands. It owned the right to extract oil from a number of blocks to the east and the south of the islands.

Falkland Oil and Gas Ltd, recently urged with Rockhopper was an energy company registered in the Falkland Islands and headquartered in London. Its business was based on exploring for offshore oil reserves off the coast of the Falklands. It owned the right to extract oil from a number of sectors to the east and the south of the islands. It found up to 60 billion barrels of oil in all sectors – some would argue – worth fighting for!

The need for a vigorous military role in protecting energy assets abroad has long been a presiding theme for many of the world’s nations, and remains increasingly central to both foreign policy and national security strategies. Between 1965 and 1990 alone, 73 civil wars over resources occurred in which more than a thousand people a year died, and at least 18 international conflicts have been triggered by competition for resources since then. Many analysts also maintain that securing key resource interests was a key factor justifying intervention in the Persian Gulf War in 1991, as well as the invasion of Iraq in 2003.

Even today, the possibility of future violent conflict grows as nations race to control oil and gas reserves in the Arctic, the East and South China Seas, around the Falkland Islands and elsewhere. As governments continue on their current trajectory of aggressively competing to control the planet’s scarce natural resources, a number of factors all but guarantee a further escalation of violent conflict in the immediate future. This includes a growing world population and a rapidly expanding consumer class in developing countries, which is spurring an enormous increase in demand for energy and raw materials. The impact of climate change will also further exacerbate resource scarcity by dramatically constraining access to food, water, land and other vital resources over coming decades.

A cooperative approach

Despite a distinct lack of public debate on this issue, there can be little doubt that a viable resource security strategy for the 21st century must be based on an alternative framework of international cooperation and resource sharing rather than national self-interest and recurring conflict. While there are various options for how such a framework could function, it would be essential to establish robust and impartial international institutions in order to ensure equitable access to the world’s existing resource stockpiles, alleviate shortages in times of acute scarcity or emergency, and guarantee universal access to critical commodities. Working through the UN system, the international community could also reduce the pressure on global fossil fuel reserves by channelling investment into renewables and sharing alternative energy technologies as they emerge.

A cooperative approach to resource security is not only necessary for avoiding conflict and addressing social and environmental crises, but it would also salvage significant financial resources from global military budgets and foster goodwill among nations. Even to engage in the formidable process of negotiating such a strategy, governments will have to overcome the zero-sum, nationalistic impulses that currently dominate what is essentially a ‘winner takes all’ global resource acquisition paradigm – particularly in relation to fossil fuels. At the same time, policymakers must be prepared to mitigate rapidly escalating consumption rates that drive the unsustainable demand for energy and raw materials. In the end, this will mean fundamentally rethinking the dominant economic model that requires ever-higher levels of consumption for its continued success, and adopting new industrial processes that are not dependent on supplies of finite resources.

However idealistic it may seem to envisage cooperative solutions that can prevent future conflict over land, water or fossil fuels, humanity faces an unavoidable choice: either to find ways of sharing the environmental commons more equitably, or to continue on the path of intensified resource competition and risk further economic trauma, the acceleration of climate change, and the eventual possibility of a third world war.

The text above is taken from an article entitled ‘A primer on global economic sharing‘ by sharing.org

truepublica.org.uk

SafeSubcribe/Instant Unsubscribe - One Email, Every Sunday Morning - So You Miss Nothing - That's It


At a time when reporting the truth is critical, your support is essential in protecting it.
Find out how

The European Financial Review

European financial review Logo

The European Financial Review is the leading financial intelligence magazine read widely by financial experts and the wider business community.