According to Chatham House, neighboring Saudi Arabia could actually be consuming more oil than it exports in 15 years due largely to air conditioning.
Hong Kong now has to articulate clearly what it wants and how to get there. This is a truly momentous decision, and one that it is making not just for itself, but for the country it is part of because of the huge symbolic importance Hong Kong's decision will have, writes Kerry Brown.
While the more established parties, such as the Front National and the Sweden Democrats, look set to enjoy the next year, others are likely to remain firmly on the fringe, writes Matthew Goodwin.
'There’s a whole stack of reasons why it’s good that Rosneft is working with Exxon. There’s technology and management. Between Sechin and Exxon, there’s a degree of trust being built up that can be nothing but to the good,' said Richard Sakwa.
'There are other influential opposition leaders, some of whom have more influence on the regular street protesters, but the government has so far been unwilling to talk to figures who have tougher demands than Wefaq,' said Jane Kinninmont.
'Absent major league reform and an entire removal of the Russian elite who do not desire any significant structural change – because it would be fundamentally contradictory to their interest – you're just not going to see a Russia which moves on,' said James Nixey.
'Ever since Putin came in, he's been trying to impose Russian rule on the North Caucasus area,' says Andrew Wood... 'The very brutal war in Chechnya, in particular, had the result of squeezing out resistance from Chechnya to other areas in the region,' says Mr Wood.
'It has proven very difficult to get big projects like that off the ground as apart from the problems with the lack of infrastructure, the poor irrigation and low technology, you also need to deal with the local population and their issues,' said Rob Bailey.
As a 2013 Chatham House report by Ben Shepherd points out, the delay is a frustration and a blessing. Commercially viable oil in Uganda was discovered in 2006, since when the country has had time to prepare for the production phase, says Shepherd.