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Begin New Search Topic Energy Policy Content Type Working Paper Publishing Institution Chatham House Publication Year within 25 Years

1. Ending Dependence: Hard Choices for Oil-Exporting States

Author:
John V Mitchell and Paul Stevens
Publication Date:
07-2008
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Since 2003, countries whose economies depend on the export of oil and gas have enjoyed a surge of revenue driven by rising oil prices and, in some countries, rising export volumes. The press has captured petroleum-fuelled prosperity in images of futuristic construction plans and the rocketing assets of sovereign wealth funds. However, this obscures important differences among oil and gas exporters in terms of reserves size and social development challenges. Based on a major study of twelve hydrocarbon-exporting countries, this report shows that the boom does not guarantee economic sustainability for these countries, most of which face hard policy choices over domestic consumption, development spending and rates of economic growth. The report estimates the timeframes these countries have in which to make the necessary changes and examine their prospects for success given the existing human, institutional and technical capacity, competitive advantages, infrastructure and access to capital.
Topic:
Development, Energy Policy, Oil, International Security, and International Affairs
Political Geography:
Middle East

2. The Coming Oil Supply Crunch

Author:
Paul Stevens
Publication Date:
08-2008
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
This report argues that unless there is a collapse in oil demand within the next five to ten years, there will be serious oil 'supply crunch'–not because of below-ground resource constraints but because of inadequate investment by international oil companies (IOCs) and national oil companies (NOCs). An oil supply crunch is where excess crude producing capacity falls to low levels and is followed by a crude 'outage' leading to a price spike. If this happens then the resulting price spike will carry serious policy implications with long-lasting effects on the global energy picture.
Topic:
Security, Economics, Energy Policy, Markets, and International Security

3. A New Era for Oil Prices

Author:
John V Mitchell
Publication Date:
08-2006
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Since 2003 the international oil market has been moving away from the previous 20-year equilibrium in which prices fluctuated around $25/bbl (in today's dollars). The single most important reason is that growing demand has eliminated the structural surplus of crude production capacity which had existed since the oil price shock of 1979-83.
Topic:
Energy Policy, International Trade and Finance, Markets, and Oil

4. Producer-Consumer Dialogue: What can energy ministers say to one another?

Author:
John Mitchell
Publication Date:
11-2005
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
The development of exceptionally high oil prices since mid-2004 has attracted increased political attention. High level discussions may provide a political stimulus for further development of a producer-consumer dialogue additional to the international trade which unites billions of consumers with hundreds of oil producing enterprises.
Topic:
Energy Policy, Government, International Cooperation, Markets, and Oil

5. OPEC and Climate Change: Challenges and Opportunities

Author:
Jacqueline Karas and Tatiana Bosteels
Publication Date:
11-2005
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
OPEC countries tend to be highly reliant on revenues from the export of fossil fuels and they have consistently argued, throughout the climate negotiations, that measures taken by countries to reduce greenhouse gas emissions would have a major impact on their economies. They have advocated financial compensation to offset any adverse impacts.
Topic:
Climate Change, Energy Policy, Environment, and Oil
Political Geography:
Middle East, Arabia, and Arab Countries

6. Renewing Energy Security

Author:
John V. Mitchell
Publication Date:
07-2002
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Energy security has risen on the policy agendas of many countries as a result of: reaction to the oil price surge of 2000; commitments to restrict greenhouse gas emissions following the Marrakesh Agreement; uncertainty about stability of supplies to final consumers following the California shortages and European fuel price protests of 2000; the 'war against terrorism' following 11 September, and the growing Israeli-Palestinian conflict. This paper reviews the broad policy context within which energy security is placed, the outlook for energy supply and its key uncertainties, the security risks involved at the national and consumer level, and the scope for 'dialogues' between producers and consumers. The broad conclusions of the paper are that: international trade and investment provides the best route to national energy security for most countries; the benefits of international energy trade and investment can be compatible with policies to protect the environment and reduce greenhouse gas emissions, although such policies do not necessarily reinforce energy security; within countries the security of distribution of energy to final consumers requires policy support, whether or not the primary sources of energy are imported or domestic; the international framework for energy trade and investment will work best if the interests of countries dependent on energy exports are taken into account.
Topic:
Energy Policy, International Trade and Finance, Markets, Oil, and Terrorism

7. Security of European Natural Gas Supplies

Author:
Jonathan Stern
Publication Date:
07-2002
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Security of natural gas supplies has resurfaced on the European energy agenda because of concerns about an anticipated rapid increase in dependence on imports from non-European suppliers – from one-third to two-thirds of demand – over the next 20 years. On a national basis, European import dependence is already an established fact: nine out of 33 European countries are more than 95% dependent on imports; only five are self-sufficient or net exporters.
Topic:
Energy Policy, Industrial Policy, and Markets
Political Geography:
Europe