President Recep Tayyip Erdoğan announced on Friday that Turkey's drillship Fatih discovered 320 billion cubic meters (bcm) of natural gas in the Black Sea. The largest discovery of natural gas in Turkey’s history, it is expected to be part of a broader reserve, marking the beginning of a new chapter for the country. It also represents a giant leap forward in its revolutionary attempt to end its dependence on foreign energy. The currently available natural gas reserve, which could meet Turkey’s energy demand for eight years, is priced at approximately $90 billion (TL 660 billion) based on current prices.
Democratic presidential nominee Joe Biden’s plan to remove Turkish President Recep Tayyip Erdoğan from power went down in the history of Turkish-U.S. relations. The fact that he made that statement some eight months ago does not make the situation any less grave. After all, those controversial words were not uttered by an inexperienced presidential candidate with no idea about foreign policy. Biden, who was President Barack Obama’s vice president, unveiled a thought-out and clear policy on Turkey.
For years now debate has raged in Washington, D.C., about anti-Americanism in Turkey. Various reports and analyses have pointed to it as the biggest spoiler of the bilateral relations between the two countries.
Turkey’s party politics cannot seem to lose momentum. Two new political movements have recently emerged out of the ruling Justice and Development Party (AK Party). Now, the Republican People's Party (CHP), which just held its 37th Congress, faces the same possibility.