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Energy Security & Geopolitics: A Definition
Accepted for the Second Annual International Association for Energy Economics (IAEE) Asian Conference
‘Energy Security’ could be the most oft-used term in our current political-economic lexicon, but it could also be the most poorly defined. Frequently appearing in close company with another notorious vagary – geopolitics – energy security has come to mean all things at once, a conceptual pathology that usually leads terms to mean very little at all. This paper seeks to remedy this problem, and makes three main points.
First, a reinvention of the term has come about because the traditional, economistic view of energy security has had a less articulate, underdeveloped ‘geopolitical’ view forced upon it. The latter view is less informed because its field of origin – International Relations – has paid surprisingly little attention to the relationship between the energy trade and international politics, and its treatment of this relationship is still in its very early stages.
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The Challenge of Stable Energy Expansion in a Supply Constrained World and the Threat of Volatility to Nascent Energy Markets
Delivered at the 31st Annual International Association for Energy Economics Global Conference, Istanbul Turkey
The basic thesis regarding energy prices is that, in general, the world goes through cycles where at the one end, energy prices are very high with very little spare capacity on the one hand and then at the other end where energy prices fall due to either recessions, depressions, or economic adjustment to the higher energy prices with a resulting lower energy prices and higher surplus production.
If we look at 1979, we saw very high energy prices and the world wondering if we were about to run out of oil. By 1984, oil prices were very low, the Us was in recession, and nobody was talking about the end of oil. These cycles tend to have significant effects on the economies by driving conservation...
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Delivered at the Distributech 2008, Tampa Florida.
Given the unique and complex nature of electricty, market
elasticity in the utilities industry has always been a challenge.
Technologies like smart metering, if leveraged properly, are a
partial answer to this challenge by providing a mechanism for
economic signals to be transfered between producers and
consumers. The implications go well beyond conservation technologies into energy markets and energy trading. With well designed smart metering programs, traditionally noncompetitive segments of the utilities value chain can engage in, and participate in the broader vibrant energy trading and energy markets.
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--November 1, 2007 - Seattle Washington-
Recently, I had an opportunity to speak before a wonderful audience of about 500 technologists at Microsoft's Global SOA and BPM conference in Seattle Washington. The speech focused on Enterprise SOA: how emerging technologies like SOA are developing entire markets.
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Published by The Atlantic Affairs Journal (Pgs 25 - 31, Volume II Issue I, Fall 2007) This 8,000 word article focuses on the interplay between diverse natural resources, energy interdependence, energy viability, and economics. The article covers several topics:
1) The Centrality of the fossil fuels - why fossil fuels will remain at the center of global energy production
2) Economic Interdependence - why energy security cannot be seen as a matter of one country alone
3) Ecology - the importance of ecology and the dangers of superficial analysis
The next 100 years focuses pragmatically on energy security.
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Published by Transatlantic Monthly (Pgs 7-9, January-February 2008), this article focuses on energy interdependence between the United States, Europe, and Japan. The article highlights commonalities in the challenges that the developed world faces with respect to energy security and why especially Europe and the United States need to work in a concerted fashion to secure a sustainable energy future.
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