Summary

The complex dynamics of the world energy market make it virtually impossible to map clearly the contours of the emerging global scenario. However, realistic trend evaluation, risk assessment, change management strategies and provision for eventualities are imperatives for all states, organizations and companies that have a stake in the energy industry. This book covers issues such as geopolitical and military risk, supply disruptions, accidents and contingencies, infrastructure constraints,price fluctuations, market uncertainties, and technical challenges. It also examines the steps that both energy producers and consumers alike can take to minimize risk through essential measures like energy supply diversification; import reduction; regional co-operation; energy efficiency and conservation; pricing strategies; and strategic oil stockpiling.