Energy shift: decline of easy oil and restructuring of geo-politics
This paper critically assesses the geopolitical and geo-economic impact of novel fuel resources on both resource exporters and importers. Presently, very strong political and economic forces drive the utilisation of domestic, unconventional oil and gas recovery in the West as these enhance energy se...
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| Veröffentlicht in: | Frontiers in Energy 2016-09, Vol.10 (3), p.260-267 |
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| creator | R. INDERWILDI, Oliver KING, David A. |
| description | This paper critically assesses the geopolitical and geo-economic impact of novel fuel resources on both resource exporters and importers. Presently, very strong political and economic forces drive the utilisation of domestic, unconventional oil and gas recovery in the West as these enhance energy security and ease balance of payment issues. The additional capacity generated by this trend has, supported by other effects such as Saudi Arabia's decision to maintain current production, triggered a significant reduction of oil prices. Consequently, it is now oil exporters that struggle with the balance of payment issues and often these countries base their fiscal budget completely on fossil fuel revenues. In fact, these unconventional resources help turn the tide while oil exporters are now politically significantly weakened due to the increased energy sufficiency of the West. The catch is that the extraction of unconventional types of oil has many environmental implications. So, internalising the environmental externalities have to be considered. This paper, therefore, assesses, next to geopolitics and geo-economics, the environmental implications of this trend. |
| doi_str_mv | 10.1007/s11708-016-0416-8 |
| format | Article |
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In fact, these unconventional resources help turn the tide while oil exporters are now politically significantly weakened due to the increased energy sufficiency of the West. The catch is that the extraction of unconventional types of oil has many environmental implications. So, internalising the environmental externalities have to be considered. 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INDERWILDI, Oliver</creatorcontrib><creatorcontrib>KING, David A.</creatorcontrib><title>Energy shift: decline of easy oil and restructuring of geo-politics</title><title>Frontiers in Energy</title><addtitle>Front. Energy</addtitle><description>This paper critically assesses the geopolitical and geo-economic impact of novel fuel resources on both resource exporters and importers. Presently, very strong political and economic forces drive the utilisation of domestic, unconventional oil and gas recovery in the West as these enhance energy security and ease balance of payment issues. The additional capacity generated by this trend has, supported by other effects such as Saudi Arabia's decision to maintain current production, triggered a significant reduction of oil prices. Consequently, it is now oil exporters that struggle with the balance of payment issues and often these countries base their fiscal budget completely on fossil fuel revenues. In fact, these unconventional resources help turn the tide while oil exporters are now politically significantly weakened due to the increased energy sufficiency of the West. The catch is that the extraction of unconventional types of oil has many environmental implications. So, internalising the environmental externalities have to be considered. This paper, therefore, assesses, next to geopolitics and geo-economics, the environmental implications of this trend.</description><subject>Analysis</subject><subject>Arabia</subject><subject>Climate change</subject><subject>climatic change</subject><subject>Commodities</subject><subject>Crude oil</subject><subject>Crude oil prices</subject><subject>Domestic energy</subject><subject>Economic impact</subject><subject>Economics</subject><subject>Energy</subject><subject>Energy economics</subject><subject>Energy industry</subject><subject>Energy security</subject><subject>Energy Systems</subject><subject>Environmental impact</subject><subject>Exports</subject><subject>Food supply</subject><subject>Fossil fuels</subject><subject>geo-economics</subject><subject>Geopolitics</subject><subject>Global economy</subject><subject>Globalization</subject><subject>International relations</subject><subject>International trade</subject><subject>Inventory</subject><subject>Macroeconomics</subject><subject>Oil reserves</subject><subject>Oil sands</subject><subject>Petroleum industry</subject><subject>Petroleum production</subject><subject>Research Article</subject><subject>Studies</subject><subject>Supply & demand</subject><subject>Trends</subject><subject>unconventional resources</subject><issn>2095-1701</issn><issn>2095-1698</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2016</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>BENPR</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNqNkUtLxDAUhYsoOIzzA9wV3Lip3tu0ebiTYXzAgBtdhz6SToZOU5N2Mf_elCqIi0ECyYV853LvOVF0jXCHAOzeIzLgCSBNIAsXP4sWKYg8QSr4-U_NAC-jlfd7AECEHFi6iNabTrnmGPud0cNDXKuqNZ2KrY5V4Y-xNW1cdHXslB_cWA2jM10z_TbKJr1tzWAqfxVd6KL1avX9LqOPp837-iXZvj2_rh-3SZURHJKSi7JCijpLqa41KZBoonICeVrnlAFhWAPNaFlSkeoCGbKS8IIKVQtNRU2W0e3ct3f2cwwTyYPxlWrbolN29BJ5lvNgSJ7-A02ZIFkusoDe_EH3dnRdWCRQ4WQQRgwUzlTlrPdOadk7cyjcUSLIKQQ5hyBDCHIKQfKgSWeN7yfblPvV-YSIz6KdaXbKqboP3nupne0Go9wp6Rem_5kP</recordid><startdate>20160901</startdate><enddate>20160901</enddate><creator>R. INDERWILDI, Oliver</creator><creator>KING, David A.</creator><general>Higher Education Press</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7SP</scope><scope>7ST</scope><scope>7TB</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>88I</scope><scope>88K</scope><scope>8FD</scope><scope>8FE</scope><scope>8FG</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABJCF</scope><scope>ABUWG</scope><scope>AEUYN</scope><scope>AFKRA</scope><scope>ARAPS</scope><scope>ATCPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BGLVJ</scope><scope>BHPHI</scope><scope>C1K</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FR3</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>HCIFZ</scope><scope>K60</scope><scope>K6~</scope><scope>KR7</scope><scope>L.-</scope><scope>L6V</scope><scope>L7M</scope><scope>M0C</scope><scope>M2O</scope><scope>M2P</scope><scope>M2T</scope><scope>M7S</scope><scope>MBDVC</scope><scope>P5Z</scope><scope>P62</scope><scope>PADUT</scope><scope>PATMY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PTHSS</scope><scope>PYCSY</scope><scope>PYYUZ</scope><scope>Q9U</scope><scope>SOI</scope></search><sort><creationdate>20160901</creationdate><title>Energy shift: decline of easy oil and restructuring of geo-politics</title><author>R. INDERWILDI, Oliver ; KING, David A.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c431t-b89bc161f426fdf3a13f3e53052d5670371d0646bb692fa1717b38a69ed9f69d3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2016</creationdate><topic>Analysis</topic><topic>Arabia</topic><topic>Climate change</topic><topic>climatic change</topic><topic>Commodities</topic><topic>Crude oil</topic><topic>Crude oil prices</topic><topic>Domestic energy</topic><topic>Economic impact</topic><topic>Economics</topic><topic>Energy</topic><topic>Energy economics</topic><topic>Energy industry</topic><topic>Energy security</topic><topic>Energy Systems</topic><topic>Environmental impact</topic><topic>Exports</topic><topic>Food supply</topic><topic>Fossil fuels</topic><topic>geo-economics</topic><topic>Geopolitics</topic><topic>Global economy</topic><topic>Globalization</topic><topic>International relations</topic><topic>International trade</topic><topic>Inventory</topic><topic>Macroeconomics</topic><topic>Oil reserves</topic><topic>Oil sands</topic><topic>Petroleum industry</topic><topic>Petroleum production</topic><topic>Research Article</topic><topic>Studies</topic><topic>Supply & demand</topic><topic>Trends</topic><topic>unconventional resources</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>R. 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INDERWILDI, Oliver</au><au>KING, David A.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Energy shift: decline of easy oil and restructuring of geo-politics</atitle><jtitle>Frontiers in Energy</jtitle><stitle>Front. Energy</stitle><date>2016-09-01</date><risdate>2016</risdate><volume>10</volume><issue>3</issue><spage>260</spage><epage>267</epage><pages>260-267</pages><issn>2095-1701</issn><eissn>2095-1698</eissn><abstract>This paper critically assesses the geopolitical and geo-economic impact of novel fuel resources on both resource exporters and importers. Presently, very strong political and economic forces drive the utilisation of domestic, unconventional oil and gas recovery in the West as these enhance energy security and ease balance of payment issues. The additional capacity generated by this trend has, supported by other effects such as Saudi Arabia's decision to maintain current production, triggered a significant reduction of oil prices. 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| subjects | Analysis Arabia Climate change climatic change Commodities Crude oil Crude oil prices Domestic energy Economic impact Economics Energy Energy economics Energy industry Energy security Energy Systems Environmental impact Exports Food supply Fossil fuels geo-economics Geopolitics Global economy Globalization International relations International trade Inventory Macroeconomics Oil reserves Oil sands Petroleum industry Petroleum production Research Article Studies Supply & demand Trends unconventional resources |
| title | Energy shift: decline of easy oil and restructuring of geo-politics |
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