fossilfuelopolis

Prospecting the academic grounds on global energies patterns

About

[Where to start reading: How to navigate this website?]

What are the patterns of trade and diplomatic relations between the US and Saudi Arabia? Why did the US go to Iraq in 2003? How can we explain the surge in oil prices preceding the financial crisis of 2007?

The analysis required to study those questions involve many layers : geographical and geological (where are the resources and in which quantities?), historical (what were and are the diplomatic relations between specific countries?) , and market-based.
The dispute over resources and long-term political tensions resulting from those acknowledge the centrality of Energy in the production and consumption processes. The Economic literature has been relying heavily on workhorse concepts such as Capital, and Labor but seems to renegate Energy as a secondary determinant of the production processes.  This website aims to assert how and how much the energy parameter interacts with the commonly studied macroeconomic variables.

This website aims to

  • provide an overview of diverse energy related issues
  • provide the reader with data and links.
  • present the lastest advances in the Literature.

What make energies commodities different from wheat, coffee, or even zinc?

its scarcity? its uneven geographical repartition? No, mostly what make fossil fuels resources utterly specific is its stable or growing consumption worldwide and its lack of substitutes. Namely, we are talking about a crucial input to sustain our lifestyles and whose substitutes are underdeveloped, stammering, overwhelmed.

A few last points before you start browsing the detailed sections of this website.

Oil is:

  • A limited but storable commodity
  • The most (and internationally) traded commodity
  • An asset traded in dollars.

Gas is:

  • Less flexible than oil in term of transportation
  • Its price is (was?) mostly indexed on oil

Both constitute products traded in a network gathering a few actors:

upstream mostly NOCs and IOCs and Governments (Historically IOCs were proceeding to all the processes (from extraction to the consumer) today we can observe more agents operating at different levels of the chain extraction-consumption)

They require massive investments and prohibit thus free entry on this market.

Where to start reading: How to navigate this website?

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