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:1/22/2016)... 22, 2016 ... of the  "Global Behavioral Biometric Market ... --> http://www.researchandmarkets.com/research/4lmf2s/global_behavioral ) has announced ... Biometric Market 2016-2020"  report to their ... Markets ( http://www.researchandmarkets.com/research/4lmf2s/global_behavioral ) has announced the ...
(Date:1/21/2016)... January 21, 2016 ... new market research report "Emotion Detection and Recognition Market by ... Tools (Facial Expression, Voice Recognition and Others), Services, ... forecast to 2020", published by MarketsandMarkets, the global ... reach USD 22.65 Billion by 2020, at a ...
(Date:1/20/2016)... Jan. 20, 2016   MedNet Solutions , an ... spectrum of clinical research, is pleased to announce the ... achievements are the result of the company,s laser focus ... eClinical , it,s comprehensive, easy-to-use and highly affordable ... --> Key MedNet growth achievements in 2015 include: ...
Breaking Biology News(10 mins):
(Date:2/8/2016)... active R&D program for the development of future natural products ... unique research and development center in Israel ... Stockton has a variety of products ... is active in more than 35 counties worldwide. ... flagship product Timorex Gold ® is used to ...
(Date:2/5/2016)... ATCC, the premier global biological materials resource ... and life science researchers that are working to address ... CDC website . --> CDC ... a single-stranded RNA virus of the Flaviviridae family, genus ... Chikungunya Viruses. Zika virus is transmitted to humans primarily ...
(Date:2/4/2016)... , ... February 04, 2016 , ... ... development and compliance training, today announced an interactive FDA compliance training ... The RAPS (Regulatory Affairs Professional Society) accredited interactive course on Morf Playbook—now conveniently ...
(Date:2/4/2016)... Beike Biotechnology, the Shenzhen ... ceremony in late 2015 to mark their successful combined ... --> --> The ... Cell Therapy" was hosted by the Shenzhen Cell Bank ... of Beike Biotechnology Co., Ltd. Shenzhen,s ...
Breaking Biology Technology: