Politics
Since now energy plays an essential role in industrial societies, the ownership and control of energy resources plays an increasing role in politics. At the national level, governments seek to influence the sharing (distribution) of energy resources among various sections of the society through pricing mechanisms; or even who owns resources within their borders. They may also seek to influence the use of energy by individuals and business in an attempt to tackle environmental issues.
The most recent international political controversy regarding energy resources is in the context of the Iraq wars. Some political analysts maintain that the hidden reason for both 1991 and 2003 wars can be traced to strategic control of international energy resources. Others counter this analysis with the numbers related to its economics. According to the latter group of analysts, U.S. has spent about $336 billion in Iraq as compared with a background current value of $25 billion per year budget for the entire U.S. oil import dependence
Read more about this topic: Energy Industry
Famous quotes containing the word politics:
“I played by the rules of politics as I found them.”
—Richard M. Nixon (1913–1995)
“Politics begin where the masses are, not where there are thousands, but where there are millions, that is where serious politics begin.”
—Vladimir Ilyich Lenin (1870–1924)
“The one thing sure about politics is that what goes up comes down and what goes down often comes up.”
—Richard M. Nixon (1913–1995)