Historical Energy Security Concerns

Throughout the last century, several key events have highlighted the importance of energy security in shaping global politics. The oil crisis of 1971 spurred by OPEC's export cuts, the Iranian revolution of 1979 resulting in a second oil shock, and the Gulf War in the early 1990s exemplify how energy turmoil can trigger widespread geopolitical tensions. Although there was a decline in these concerns during the energy transition in the 2010s, recent events, notably Russia's invasion of Ukraine, have reignited energy security debates and raised alarms regarding the global energy transition policies. This resurgence emphasizes the interconnection between energy security and national stability, showcasing how nations must navigate these challenges in a rapidly changing geopolitical landscape.