The Myth of Petroleum Independence and Foreign Policy Isolation

Emerson, Sarah A.; Winner, Andrew C.

doi:10.1080/0163660x.2014.893177

Cited by 3 publications

(1 citation statement)

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“…These expanding volumes of trade and investment suggest that sooner or later Asian powers (particularly China) are likely to assume responsibility in protecting sea lanes and oil shipments from the Gulf to South Asia. 19 Middle Eastern producers have reacted to the sharp decline in oil prices in multiple ways. Instead of cutting production, Saudi Arabia, the United Arab Emirates, and Iran (among others) have reduced the price.…”

Section: Strategic Impactmentioning

confidence: 99%

Egypt’s Energy Outlook: Opportunities and Challenges

Bahgat¹

2013

Mediterranean Quarterly

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In mid-November 2014 the Paris-based International Energy Agency issued its latest World Energy Outlook. The main theme of the report is that the global energy system is "in danger of failing short of the hopes and expectations placed upon it." 1 This study explores some of the main opportunities and challenges facing the global energy system. Specifically, the analysis focuses on energy security, both from consumers' and producers' perspectives, and the recent sharp drop in oil prices and the economic, environmental and strategic implications. The forces that have led to the recent decline in prices seem to differ from those that led to previous declines. It is likely that prices will remain low for a prolonged period of time. Major producers and consumers will have to re-adjust their economic policies and strategies to respond to these key changes in the global energy landscape.

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Section: Strategic Impactmentioning

confidence: 99%