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The US Department of Energy estimates that that the Middle East has two-thirds of the world’s proven oil reserves, with other major reserves also being in Russia, Latin America and equatorial Africa. The largest gas reserves are in the Middle East, Russia, Norway and Central Asia. It is therefore going to require considerable investment – diplomatic, economic, social and military to safeguard the secure transfer of these resources to the UK market. It is not hard to agree with commentators who say that the demand for these energy resources, especially in light of the growing energy demands of China and India, will lead to increasing strategic competition...
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