Of the 266 distinct nations or entities on the world today, nearly 100 are now reporting continuing energy shortages, mostly in the form of inadequate electricity supply, but in a growing number of cases, shortages of liquid fuels and natural gas. The actual number of countries affected is probably well over 100 but there are dozens of isolated island-states scattered around the world that are rarely heard from and are almost certainly suffering in silence while waiting for the next oil tanker to come in.
The majority of these energy-short states are small, poor and play only a minor role in world trade. While we should feel sorry for the plight of their inhabitants who are, or shortly will be, enduring severe hardships from greatly reduced supplies of electricity, water, food and use of motor transport, the impact of their problems on the better-off OECD world is likely to be minimal for a while.
Shortages, however, are not confined to small, poor states, but, in an increasing number of cases, are appearing in large, relatively well-off and active states on which the OECD world of North America, Europe and parts of Asia are very dependent. Several of the countries having energy problems are actually oil exporting states that, for one reason or another, are not able to turn their increasing oil wealth into smoothly functioning shortage-free economies. Unfortunately, several major countries appear to be on the path to an energy shortage-induced economic and perhaps political collapse within the foreseeable future which obviously will have serious consequences for us all.
Currently, the most serious situations appear to be in Pakistan and Bangladesh. Both are nations with populations in excess of 150 million people that are ensnared in devastating power shortages that have destroyed their export industries. Both are facing water and agricultural problems that threaten their food supplies. Liquid fuels are running short and reductions in exports threaten their ability to import oil and natural gas. It was recently revealed that the Saudis already are forgiving $6 billion of Pakistan's $12 billion annual oil import bill. On top of this, Pakistan has nuclear weapons and its strategic location is vital to the course of the insurgency in Afghanistan. Worsening blackouts, the liquid fuels shortage and probably the food situation are likely to lead to serious political instability before the year is out.
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