With much of the Middle East and North Africa in a static state of upheaval, Iran could be the unlikely winner of the post-Arab Spring energy prize, Graeber writes.
Although Latin America’s oil production has grown steadily in recent years, the region’s refineries have been unable to keep pace with rising demand, Arthur writes. US Gulf Coast refineries have responded quickly to rising global demand, and Latin America has become their largest overseas market.
In the past year, China has secured some $65 billion in regional deals. President Obama's current visit to Latin America is seen as a counteracting move.
Chinese Vice Prime Minister Li Keqiang is offering Chinese investment to a struggling Europe. In exchange, China wants improved trade ties with Europe.
Although Ghanaians are excited by commercial oil production, there is concern that Ghana isn't prepared to handle oil revenue properly.
On visit to the Shanghai Expo, President Mahmoud Ahmadinejad alluded to 'pressure and intimidation' that China may have felt in the Iran sanctions vote. China, the largest customer of Iran oil, is treading carefully in the Middle East.