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Session 04: ENERGY SECURITY- provides the security of supply of oil and gas as well as other energy related sources, among them renewables and alternatives
IEA defines energy security as ‘uninterrupted availability of energy sources at an affordable price’. However energy crises and other energy related (or not related) events brought sharp volatility of prices in recent decades. Most of it without any justification, as no shortage experienced. If “Traders fears” caused prices to go up, how do they go down 'on profit taking’ ... With some important events taking shape in the industry, price may no longer be affected by irrelevant issues. Broader base of energy sources, spread worldwide and not controlled by any single power; together with better economic and available alternative fuels, renewables and energy conservation assist to provide the required Energy Security of supply.
Is it the end of Energy Crises Era – we cannot tell yet, but certainly can promote and name it “The New Energy Era”. If analysts and trading houses, banks and others that have promote the high energy prices in the past, are saying that ‘lower energy prices will contribute more to the world economy’ – we do enter a new era. In this session, the following issues will be addressed:
- Energy status quo – the mirror of history (energy crises)
- Changing geopolitics – risks
- Changing supply – hope
- Measures to be taken by both suppliers and consumers
- Potential market control and regulation, floor and cap prices?
- IEA and other world institutes role in the changing 'environment' and approach
- Oil from 110 to 80$ during the 3rd Quarter of 2014, ending at 56$ by December 2014;
and continue sliding during 2015 – down to mid-30’s USD/bbl in December 2015, which is the lowest in 9 years, and as we enter 2016 – continue to slide to the price level of 12 – 15 years ago !
- Does it create a potential long term stable pricing regime, or continue the volatility? Can we aim and set a limited ‘volatility’ price regime? and at what level? Gas prices – regional gas prices, or Brent related.
This session aims to provide attendees with a wide-angle view of Energy Security over the last 50 years; lesson learnt and how to implement them in our struggle to bring Sustained Energy Security to the world. It will introduce the NRGPrice model for energy security – based on 3 pillars:
- Supply – of both Fossil and Renewables / Alternatives
- Price – affordable and less volatile
- Geopolitics – the oil & gas industry is stronger than any Geopolitics side effect
AVAILABLE, AFFORDABLE
Session 04F, 17 Aug 2016, 8:30-9:20
Moderator: |
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Energy Security and the Terrorist Threat
(20 minutes) Abstract
Emile A Nakhleh, Ph.D.
Research Professor and Director, Global and National Security Policy Institute, University of New Mexico
Member, Council on Foreign Relations
IC Associate
United States
Bio-sketch |
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Global Oil Glut and its Impact on Putin’s Russia
(20 minutes) Abstract
Yelena Tuzova, Ph.D.
Vice President
Economic Stress Testing Manager
Risk Capital Management
MUFG Union Bank, N.A.
United States
Bio-sketch |
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Technological inclusiveness: Northern versus Chinese induced technologies in the garment industry
(15 minutes) Abstract
Dr. David Botchie
Development Policy and Practice
The Open University
United Kingdom
Bio-sketch |
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Optimal bidding strategy for GENCOs based on parametric linear programming considering incomplete information
(20 minutes) Abstract
Dr. Feng Gao
Energy Internet Research Institute
Tsinghua University
China
Bio-sketch |
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Financial Aspects of Turkey’s Critical Energy Infrastructure: An Analysis within Geopolitics of Middle East
(20 minutes) Abstract
Dr. Soner Gokten
Assistant Professor
Department of Management
Faculty of Economics and Administrative Sciences
Baskent University
Turkey
Bio-sketch |
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50 years of survey on electrical accidents: lessons learned to be shared (20 minutes) Abstract
Jacques Lambrozo MD
Director， Medical Studies Department
EDF
France
Bio-sketch |
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Households’ willingness to pay for reliable electricity services in Ghana
(10 minutes) Abstract
Francis Taale
Department of Economics
University of Cape Coast
Ghana
Bio-sketch |
This session is chaired by:
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Moty Kuperberg
Dynamic Shipping Services, Haifa, Israel
Founder and President of NRGPrice, the Energy Security Agency
Bio-sketch
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