Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance

Current public policy debates on energy security are characterized by a singular focus on questions regarding access to resources. This lopsided attention to the geopolitical dimension of energy security is based on the myopic and erroneous presumption that global energy politics is necessarily a ze...

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Bibliographic Details
Main Authors:	Goldthau, A., Witte, J. M.
Format:	Journal Article
Language:	EN
Published:	2012
Online Access:	http://hdl.handle.net/10986/5237

id	okr-10986-5237
recordtype	oai_dc
spelling	okr-10986-52372021-04-23T14:02:21Z Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance Goldthau, A. Witte, J. M. Current public policy debates on energy security are characterized by a singular focus on questions regarding access to resources. This lopsided attention to the geopolitical dimension of energy security is based on the myopic and erroneous presumption that global energy politics is necessarily a zero-sum game in which one country's energy security is another's lack thereof. In fact, debates deflect attention from the real issues that policy-makers should consider in their attempts to foster effective global energy governance-the central role increasingly international energy markets play in balancing demand and supply-and, even more importantly, the significance of the 'rules of the game' that structure these markets. This article makes a first attempt to apply a broader analytical lens by pointing out and analyzing the important role rules play in determining outcomes in international oil and gas markets; by examining how current trends are affecting the existing 'rules of the game'; and by highlighting consequences for public policy. 2012-03-30T07:31:56Z 2012-03-30T07:31:56Z 2009 Journal Article International Affairs 0020-5850 http://hdl.handle.net/10986/5237 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Current public policy debates on energy security are characterized by a singular focus on questions regarding access to resources. This lopsided attention to the geopolitical dimension of energy security is based on the myopic and erroneous presumption that global energy politics is necessarily a zero-sum game in which one country's energy security is another's lack thereof. In fact, debates deflect attention from the real issues that policy-makers should consider in their attempts to foster effective global energy governance-the central role increasingly international energy markets play in balancing demand and supply-and, even more importantly, the significance of the 'rules of the game' that structure these markets. This article makes a first attempt to apply a broader analytical lens by pointing out and analyzing the important role rules play in determining outcomes in international oil and gas markets; by examining how current trends are affecting the existing 'rules of the game'; and by highlighting consequences for public policy.
format	Journal Article
author	Goldthau, A. Witte, J. M.
spellingShingle	Goldthau, A. Witte, J. M. Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance
author_facet	Goldthau, A. Witte, J. M.
author_sort	Goldthau, A.
title	Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance
title_short	Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance
title_full	Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance
title_fullStr	Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance
title_full_unstemmed	Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance
title_sort	back to the future or forward to the past? strengthening markets and rules for effective global energy governance
publishDate	2012
url	http://hdl.handle.net/10986/5237
_version_	1764394408016347136

Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance

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