Chapter 16 Resources
Chapter Summary:
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Pipelines vs LNG: Gas moves by long‑term pipeline contracts or as LNG via costly cryogenic chains; gas markets are younger and smaller than oil.
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Weaponized energy: Russia’s pipeline leverage over Ukraine/EU shows how molecules become political tools; Europe’s pivot illustrates resilience.
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Market contrasts: Oil has global, near‑uniform prices; gas is regionally priced, contract‑bound, and infrastructure‑dependent.
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Takeaway: Natural gas security is as much about routes and contracts as about volumes in the ground.
Additional Notes:
West Texas Intermediate (WTI) is a light sweet crude oil with an API gravity of about 39.6° and a sulfur content of 0.24%, making it easier to refine. In contrast, Brent crude has an API gravity of approximately 38° and a sulfur content of 0.40%, which is slightly less sweet than WTI, but both are classified as light sweet crudes suitable for refining into gasoline.
https://www.oilpriceapi.com/blog/wti-vs-brent-crude-oil-guide
https://www.arcgis.com/apps/mapviewer/index.html?layers=ad58050c47814c9e99e0ef8d7e0a5c4c
Natural Gas flow:
https://globalenergymonitor.org/projects/global-gas-infrastructure-tracker/tracker/
https://www.noahpinion.blog/p/china-is-quietly-saving-the-world