Navigation Links
Baker Institute study, conference weigh risks for global energy markets
Date:5/21/2008

In recent years, a growing scarcity of energy commodities worldwide has heightened concerns about key geopolitical risks and threats, such as conflict in the Middle East, terrorism and resource nationalism. However, a study released this week by Rice University's Baker Institute for Public Policy suggests that, taken individually, many of the risks driving the oil price premium may be less catastrophic than they seem at first glance. The executive summary may be found at www.rice.edu/nationalmedia/multimedia/IEEJexecsummary.pdf.

The study, which was written in conjunction with the Institute of Energy Economics, Japan, analyzes several of the top current market risks, including the U.S.-Iranian conflict over Tehran's nuclear aspirations, Russia's aggressive natural gas strategies in Europe, resource nationalism in Latin America and international terrorism against oil facilities, among others. It concludes that dire predictions that markets cannot alone allocate the costs of these risks in a manner that would avoid wars among major nations are unfounded.

Nevertheless, the study warns that energy and financial markets still face a substantial threat from the ongoing petrodollar boom cycle. It also warns that the high speed of globalized market contagion means that any sudden collapse of asset bubbles in one part of the world could threaten the smooth operation of the entire global financial system, should proper economic policies not be put in place.

The study was released at a conference at the James A. Baker III Institute for Public Policy, which brought together senior policymakers, economists, academic specialists and industry professionals to discuss the geopolitical risks currently facing international energy markets and the global financial system.

The conference, titled "The Global Energy Market: Comprehensive Strategies to Meet Geopolitical and Financial Risks," was held May 21. It was sponsored by the Baker Institute's Energy Forum.


'/>"/>

Contact: David Ruth
druth@rice.edu
713-348-6327
Rice University
Source:Eurekalert

Related biology news :

1. Baker Institute study finds continuing upward pressure on retail gasoline prices
2. 2008 Pew Fellowship in marine conservation awarded to UM Rosenstiels Dr. Andrew Baker
3. Baker Institute finds increased domestic production wont make US self-sufficient in natural gas
4. Precourt Institute for Energy Efficiency awards first faculty research grants
5. Scripps Research Institute awarded patent for remarkable chemical technology
6. Stowers Institute researchers identify gene linked to vertebral defects in patient populations
7. Brown opens institute for molecular and nanoscale innovation
8. Beijing Genomics Institute adds AB SOLiD system to its next generation sequencing technologies
9. Autism Speaks collaborates on grant with the Allen Institute for Brain Science and autism expert
10. Pew Institute teams with Chantecaille Cosmetics to protect global marine life
11. Mechanisms of plant-fungi symbiosis characterized by DOE Joint Genome Institute
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/30/2017)... NEW YORK , March 30, 2017 ... by type (physiological and behavioral), by technology (fingerprint, AFIS, ... recognition, voice recognition, and others), by end use industry ... travel and immigration, financial and banking, and others), and ... Europe , Asia Pacific ...
(Date:3/28/2017)... India , March 28, 2017 ... IP, Biometrics), Hardware (Camera, Monitors, Servers, Storage Devices), Software ... Vertical, and Region - Global Forecast to 2022", published ... Billion in 2016 and is projected to reach USD ... between 2017 and 2022. The base year considered for ...
(Date:3/24/2017)... The Controller General of Immigration from Maldives Mr. Mohamed ... received the prestigious international IAIR Award for the most innovative high security ... ... Maldives Immigration Controller General, ... picture on the right) have received the IAIR award for the "Most ...
Breaking Biology News(10 mins):
(Date:7/20/2017)... , ... July 20, 2017 , ... Corporate Directors Forum ... its 27th annual Director of the Year Awards. , The awards will be presented ... This annual event celebrates directors who have made significantly positive contributions in the ...
(Date:7/18/2017)... ... July 18, 2017 , ... Genedata, a leading ... science and technology company, has implemented Genedata Biologics ™ to scale-up their ... Oncology, Immunology, and Neurodegenerative Diseases. , The need to systematically evaluate large panels ...
(Date:7/18/2017)... ... July 18, 2017 , ... Recently recognized by ... ) announces the migration of its flagship cloud-based product Planet Life Cycle – ... enterprise work management system that merges strategic and financial planning with execution. The ...
(Date:7/17/2017)... ... July 17, 2017 , ... OHAUS ... announced the launch of its new line of Heavy-Duty Orbital Shakers today. , ... analog and digital) for laboratory applications. These shakers are ideal for load ...
Breaking Biology Technology: