The Salient Implications of Geo-Strategic Policies on Stablizing the Oil Market in the MENA (Middle East and North Africa) Region PDF Download

Author: Ahmad Shikara
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Languages : en
Pages : 0

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Book Description
Oil as a Geo-strategic economic commodity will continue to play at least for the next 100 years a prominent worldly role in shaping Energy Security strategies and policies. This is why the Geo-strategic implications relating to the degree of stabilizing the oil market has increasingly started to gain more attention, concern, interest and momentum by multivariate parties. Another serious dimension that needs to be analyzed further in the foreseeable future in a cautious and calculating manner is the question of the implications of the 'Arab Spring Revolutions or Uprising' as fit to be categorized. Thus, according to the recent EIU Study under the title: “Spring Tide: Will the Arab Risings yield democracy, dictatorship or disorder?” Popular uprisings in the Arab world have produced the most dramatic changes in the region since the end of the colonial era in the middle of the 20th century. Admittedly, the fate of these popular uprisings remains in the balance. Building on this dramatic development, Frank A. Verrastro in his article entitled “Security implications of the changing energy landscape” asserted that there is a new energy landscape characterized by five prominent trends or dynamics as follows: shifting demand patterns; the changing resource base; price volatility and investment uncertainty; new players, alignments, and evolving rules; and the threat of climate change and efforts to impose carbon constraints on a fossil fuel - dependent world”. From a wider perspective, the Geo-strategic dimensions will continue to be determined not just by new players, but increasingly by multivariate areas of specific interests or concerns: security, politics, economics, social, status, and the ever changing technologies whereby innovative projects or solutions are constantly surprising the markets particularly with regards to the question of “renewable non-fossil energy options” such as the American Green Project (best known as Obama's dream for energy security). It seems perceptive to note, that David L. Goldwyn is realistic in stating that “Energy insecurity is greater today than it has been in nearly 30 years. The global oil market is more fragile, more competitive, and more volatile.”