Energy superpower

It is not a concept rooted in rigorous academic or scientific categorization but rather a label used in political discourse to describe countries that wield significant influence in the global energy landscape.

[13][14][15] This idea emphasizes Russia's significant role in the global energy landscape and frames it as a key player in international politics.

By advertising Canada as an oil supplier on the international level, Harper defined it as a “reliable producer in a volatile unpredictable world” who can offer its oil-thirsty partners “a transparent regulatory system and a commitment to open markets”.

Its South Pars gas field, one of the largest in the world, underscores the country’s pivotal role in global energy markets.

Despite facing sanctions Iran’s energy infrastructure remains robust, and the country has significant potential to boost oil and gas production and exports.

For example, Manik Talwani, a geophysicist at Rice University, argued in 2007 that Venezuela will likely to join Saudi Arabia in attaining the status of energy superpower.

However, Venezuela's descent into economic and political chaos has become a cautionary tale about the complexities of managing resource wealth in developing countries.

The country's situation serves as a stark reminder of the challenges and potential pitfalls associated with overreliance on natural resources, particularly oil, for economic development.