More than a third of Turkey’s installed power capacity remains idle after an ill-calculated rush for energy that has had a hefty financial and environmental cost.
Mark Mills, Manhattan Institute
The extraction of oil and gas through the techniques of horizontal drilling and hydraulic fracturing (colloquially, “fracking”) has catapulted the United States into leadership of the world’s energy markets. Since 2007, fracking has doubled U.S. oil production and increased gas production by 60%. Instead of a major importer, America is rapidly becoming the largest exporter of oil and is expected to supply the majority of net new energy traded on global markets over the next two decades. Read more here.... (Photo: sasacvetkovic33/iStock)
Through oil, Turkey is helping to indirectly subsidize the very same Syrian Kurdish administration that it's seeking to crush.
The chairman of Libya's eastern-based parliament, Aguila Saleh, is on a regional tour to rally support against an agreement on maritime boundaries between the rival UN-backed government in Tripoli and Turkey. Saleh met with Arab Parliament President Mishaal bin Fahm al-Salami in Cairo to press his case, Arab media reported today. “The signing of this agreement without ratification by the Libyan House of Representatives aims to cede the sovereignty of the Libyan State and its legitimate rights to the Republic of Turkey to enable it to invest in this area, which is null and void by all standards,” Saleh said.
Turkish President Recep Tayyip Erdogan said on Monday that Turkey and Libya can now carry out joint exploration operations in the eastern Mediterranean. Ankara supports the Tripoli-based Government of National Accord, which has been assault by the House of Representatives-aligned Libyan National Army led by Khalifa Hifter since April.