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3 Places Where a Looming Energy War Could Mean Global Economic Disaster in 2012

With energy demand on the rise and sources of supply dwindling, we are entering a new epoch in which disputes over vital resources will dominate world affairs.

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In the new Geo-Energy Era, the Strait of Hormuz, the South China Sea and the Caspian Basin hardly stand alone as potential energy flashpoints. The East China Sea, where China and Japan are contending for a contested undersea natural gas field, is another, as are the waters surrounding the Falkland Islands, where both Britain and Argentina hold claims to undersea oil reserves, as will be the globally warming Arctic whose resources are claimed by many countries. One thing is certain: wherever the sparks may fly, there’s oil in the water and danger at hand in 2012.  

 
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