Energy Future: Fossils and Beyond
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We cannot survive in a world where oil is $200 per barrel and where prices are dictated by a cartel and influenced by Wall Street. The free industrialized world, the glorious oil industry, and developed and developing countries have all fallen victim to greedy oil price crises. The worst year was 2008; our energy security, which the IEA defines as the uninterrupted availability of energy sources at an affordable price, was harmed. Yet the average price of crude oil in 20102014 was over $100 per barrel, only to sharply decline to $56 by the end of 2014, followed by an ongoing struggle to reach ...
We cannot survive in a world where oil is $200 per barrel and where prices are dictated by a cartel and influenced by Wall Street. The free industrialized world, the glorious oil industry, and developed and developing countries have all fallen victim to greedy oil price crises. The worst year was 2008; our energy security, which the IEA defines as the uninterrupted availability of energy sources at an affordable price, was harmed. Yet the average price of crude oil in 20102014 was over $100 per barrel, only to sharply decline to $56 by the end of 2014, followed by an ongoing struggle to reach $50a price which is considered acceptable by the industry. Since 2015 and until fall 2017 crude oil price still kept below the $50 level. Energy Future puts the oil and gas industrys past and present in context in order to introduce an alternative future. This future is based on three main pillars defined by the author as ENERGY GPS: geopolitics = accessible, prices = affordable, and supply = available. Moty Kuperberg is a graduate of the department of Middle Eastern history at the University of Haifa (1984), and he holds a postgraduate degree in business administration and shipping from the City of London Polytechnic (1988). He has over twenty years of experience in shipping and energy, and during the last five years he has focused on his project of Independent Energy Security Agency (www.TheIESA.com) as a dynamic platform for improving the global security of supply.
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