The article analyses international politics surrounding the Iranian nuclear crisis, and its implications for stakeholders such as the United States and its western allies as well as for emerging market countries including India, China, and Turkey which are especially interested in Iran's energy resources. Given the existence of multiplicity of interests of these countries, often conflicting, the article analyses three possible scenarios of how the Iranian nuclear crisis is likely to be addressed.

Let's face the facts: we are not going to regulate our way out of either climate change, or a peaking of fossil fuels. Even if we could imagine that individuals and nations were capable of accepting significant reductions in their lifestyle for long-term self-interest or the interests of their grandchildren, no amount of increased efficiency of those already using energy is going to make up for the Other Three Billion (O3B) citizens of the world moving to developed lifestyles and their accompanying energy demand.

Nuclear energy, as we know it, was unleashed by nature at Oklo in Gabon, Africa, when uranium formed rings on its mountains billion of years ago. Natural uranium contains at least three per cent uranium. This uranium formed rings around the mountain and acted as fuel rods in a reactor. When rain water was run across the fuel rod, it acted as a reactor. The Oklo phenomenon was discovered only in 1972. The International Atomic Energy Agency (IAEA) saw fit to run an international conference on the subject.

The eradication of poverty and prosperity depend upon the economic development of a nation which in turn is dependent on an adequate and continuous supply of energy sources. Hence, energy is the lifeline of economic development. The rise of South Asia in general and India in particular as a force on the economic scene is now widely acknowledged. India's growing population and expanding economy with the shift in focus from agriculture to the manufacturing and services sectors have led to an increase in energy intensity which has resulted in an unprecedented demand for energy sources.

What are the major trends that will shape the global energy future in the medium to long term, say up to 2030? The authoritative report of the International Energy Agency (IEA) issued in 2007, before the global economic slowdown of 2008–09, had predicted the world's primary energy demand growing by 55 per cent at an average annual rate of 1.8 per cent between 2005 and 2030. This was before the global economic crisis of 2008–09.