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Environmental Sustainability in the Middle East Paper
Environmental Sustainability in the Middle East Assignment
Environmental issues are of paramount importance in the Middle East region. The region is one of the most arid in the world, dealing with a range of environmental issues including harsh dry weather and chronic water shortages. In this context, some of the major news item for the region usually have to do with the natural environment. While the region suffers from harsh weather and dryness, it is also well endowed with natural resources, particularly oil and fossil fuels. It is no wonder then that two of the recent articles chosen on this region have to do with the natural environment. The first is an article in CNBC titled ‘OPEC chief says he has Putin's word that Russia won't flood the market with oil’. The second article is titled ‘From Oil to Solar: Saudi Arabia Plots a Shift to Renewables’, and was published in The New York Times. Both of these articles deal with the issue of energy. These articles are reviewed and synthesized to illustrate the significance of natural environment issues in the Middle East region.
The first article is ‘OPEC chief says he has Putin's word that Russia won't flood the market with oil’. This article was authored by Steve Sedgwick and Tom DiChristopher, and was published in CNBC on February 12, 2018. In this article, the authors report that following talks between OPEC and Russia, the latter had pledged that it would not flood the international market with oil. There was a concern that Russia, which enjoys vast reserves of crude oil, would flood the market with the substance to capitalize on an increase in oil prices. Another factor raising this concern was increased US exports of oil, which sought to counter the influence of Russia and Saudi Arabia in top markets globally, in the face of increased economic growth. The deal in question is not a new one. Rather, it has been in place since January 2017 and the concern was that Russia would breach it. A key issue is that most of Russia’s energy giant companies are publicly traded rather than state-owned................GET A PLAGIARISM FREE COPY