Power play: Resource nationalism, the global scramble for energy and the need for mutual interdependenceVying for the world's energy resources |
A new white paper by Dr. Joseph A. Stanislaw , independent advisor to the Energy & Resources practice of Deloitte & Touche USA LLP, entitled “Power play: Resource nationalism, the global scramble for energy and the need for mutual interdependence,” was released at the 2008 Deloitte Energy Conference.
This paper examines the forces shaping relations among states — and between states and the private sector — as they vie for the world’s energy resources. It begins by looking at the rise of resource nationalism then examining the fast-emerging market might of China, India and sovereign wealth funds. It also considers the consequences of these new forces, coupled with the convergence of concerns around climate change and energy security. The final section assesses how key actors in the global energy game — producer states, consumer states, and the private sector — need to adapt to the emerging landscape.
Stanislaw concludes that the ultimate goal for both producers and consumers of energy must be mutual interdependence. The challenge of change, created by the convergence of climate change and energy security, is upon all the global players in the great new game. The key is creating a framework for understanding that sets out the balance of interests that translate into mutual interdependence and trust.
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