GEO-POLITICS OF OILTRADING: SCANNING THE GLOBAL BUSINESS SCENE
Fossil fuels, such as oil and natural gas, meeting nearly 85% of the global energy demand, constitute the backbone of many petrochemical based and allied industries- prominently in energy, commercial, domestic and transport sectors. The demand for these resources is presently high from the developed economy; but the projected demand in the next decade is predicted to be higher from the developing economies, especially from BRIC’s such as Brazil, Russia, India and China. The demand-supply equation has been artificially disrupted off-and-on by creating a divide across OPEC and Non-OPEC oil producing and exporting countries, which, in turn, are attributable to such factor as geo-politics, causing both trade distortions in one hand, regional and economic imbalances on the other. The paper highlights the various aspects and dimensions of geo-politics in oil-trading in the global business scene and seeks to suggest future strategies and options to minimize the negative impact of geo-politics on the global economy by resorting to certain positive policy interventions- both at the regional as well as global levels.
- Amit Kumar. Energy scenario in South Asia, Energy Technology News, 1st. Oct, 2005
- Amy Jaffe & M.H.Hayes, The Geopolitics of Natural Gas, The Nation, dated 4 th January, 2005.
- Amy Jaffe, The Growing Developing country appetite for oil & Natural Gas, Economic Perspectives, May 2004.
- Arien Cohen, Reducing US dependence on Middle-eastern Oil, The Heritage Foundation, dated 7 th. April 2006.
- China and Long-term energy security, Baker Institute of Study, Institute of Public Policy of Rice University. No.11, April, 1999.
- Charles Kohlhaas. After Iraq: Oil and Geopolitics. The national Interest, 2003. — May, 21.
- Constantine Arvaritopopulos, The Geopolitics of Oil in South Asia, Thesis, A journal of Foreign Policy Issues, Institute of International Relations
- Data Monitor, Geopolitics of EU Energy supply, New & Trends in Europe, Vol. 10, No. 15, dated 17 August, 2005.
- Geopolitics of EU energy supply, http://www.EurActiv.com, Energy, dated 19th April 2006.
- Frederick Cedoz, Thinking beyond OPEC, Journal of International Security Affairs, No. 10, Spring- 2006.
- Gal Luft, The World Oil Crisis: Implications for Global Security and Middle East, Jerusalem Issue Brief, 5(7), Jerusalem Centre for Public Affairs, 16th October 2005.
- How World Oil Market Work, Govt. of Canada, Office of Oil Price Information, Work-Fall, 2005.
- Jaffee, A.M. & M.H. Hayes, Natural Gas and Geopolitics, Stanford University Press. USA.
- James Richard, New Cohesion in OPEC’s Cartel: Pricing and Politics, MERIA Journal. Vol. 3(2), June, 1999.
- John Chapman, The real reasons Bush went for war, Guardian, London, dated 28 th. June, 2004.
- Johan Wingard, Energy dominates growth debate in South Africa, Global Politician, dated 4 th October, 2005.
- Klare, Michael T., Oil, Geopolitics and the coming war with Iran, Common Dreams News Centre, TomDispatch.com, dated 11.4.2005.
- Michael T. Klare, The geopolitics of Natural gas, The Nation, Dated 4th January, 2005.
- Nicolas Kozloff-Coha, Venezuela Chavez: Oil is a geopolitical weapon, Venezuelananalysis.com, dated 29th March, 2005.
- Okogu, B.E., Changing Oil market: The Middle East and North Africa, IMF News, 2003.
- How World Oil Markets work-Fall 2005? Office of the Petroleum Price Information (OPPI), Govt. of Canada.
deficit; natural gas; netback price; Russia; supply shortage; БРИК; геополитка; натуральный газ; нефтеторговля; нефть; ОПЭК; энергия References to this article (GOST) A.N. Sarkar GEO-POLITICS OF OILTRADING: SCANNING THE GLOBAL BUSINESS SCENE // Electronic scientific journal "Oil and Gas Business". 2009. №1. P.. URL: http://ogbus.ru/eng/authors/Sarkar/Sarkar_1.pdf