One in five African states produce hydrocarbons, and most of these are heavily dependent on oil and gas revenues to finance their governments and generate foreign exchange. Further, an emerging group of East African states are waiting on international oil companies to develop new oil and gas reserves. But Africa’s record using non-renewable oil and gas resources to trigger economic and social development is poor – and plummeting prices may portend more instability to come.

Until two years ago, when the National Wildlife Federation pointed out their presence, the 61-year-old steel oil pipelines running beneath the fast-flowing Mackinac Straits between Lake Michigan and Lake Huron were like nearly every other piece of North America’s energy transport network: out of sight and out of mind.

Viewed from afar, the two-mile-long Mosul Dam is an impressive sight on the flat, sunbaked northern plains.

China’s energy investments are on the move, touching nearly every region of the globe from coal and liquefied natural gas imports from Australia to a recent natural gas agreement with Russia and expanded oil drilling in the South China Sea. [Video Below]

Is it possible to prepare for the unexpected? Could anyone have foreseen, for instance, a nuclear meltdown triggered by an earthquake-induced tsunami? Or a brutal band of transnational militants quickly capturing Iraq’s largest dam while attempting to establish a new Islamic caliphate? Perhaps not exactly, but that shouldn’t stop us from anticipating unlikely events, says Chad Briggs, a risk assessment expert and strategy director of consulting firm GlobalInt.

The fight for control over “the most dangerous dam in the world” is raging.

Since its capture by Islamic State (IS) militants on August 7 and subsequent attempts by Iraqi government and Kurdish forces to take it back, Iraq’s Mosul Dam has been one of the central components of the government’s surprising and rapid collapse in the country’s northern and western provinces. In fact, one might see the capture of the Mosul Dam as the moment IS ascended from a dangerous insurgent group to an existential threat to Iraq as a state.

Since the early 1990s, the rising price of crude oil and other key natural resources – and the resulting drive by governments and private companies to extract those resources – has led to sharp conflicts in Latin America. At the core of these disputes is the clash between national economic interest and the rights of indigenous people inhabiting the land where most natural resources are located.

Outside of donor and humanitarian aid, South Sudan’s economy is almost entirely dependent on the oil sector – and that sector is in crisis.