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Geo-politics
- World Trade
- Controlling resources allows
you to control energy supply
- Russia, Western Europe and the Arab states
control large amounts of energy trade movements
- Controlling resources allows
you to control energy supply
- Case Study: Russian Oil and
Gas Exports
- Late 1980s Russia's world superpower title
threatened by collapsing political system
- Russia couldn't compete with rivals America so
allowed TNCs to search for oil and gas fields
- Vast oil and gas fields found - Putin gains
power and removes TNCs to nationalise
oil/gas stocks
- By the end of 2006 this stabilisation fund was
worth $80billion
- By the end of 2006 this stabilisation fund was
worth $80billion
- Vast oil and gas fields found - Putin gains
power and removes TNCs to nationalise
oil/gas stocks
- Russia couldn't compete with rivals America so
allowed TNCs to search for oil and gas fields
- Late 1980s Russia's world superpower title
threatened by collapsing political system
- World Energy Outlook
- Agreed in 2010 but not legally binding
- Long term goal to cut carbon
emissions by 50% by 2050
- Copenhagen Accord: Keep
world temperature 2⁰C above
current levels by 2020
- Agreed in 2010 but not legally binding
- Oil TNCs
- Huge profits to be made in oil market,
but massive financial funding initially
required
- Exploration
- Drilling
- Extraction
- Transport/Storage
- Refining
- Distribution/Sales
- Exploration
- Being able to control oil supply
gives huge power to these TNCs
- Huge profits to be made in oil market,
but massive financial funding initially
required
- Case Study: Russia vs. Ukraine
- Ukraine demand freedom from USSR (1991)
but remains politically and economically
close with Russia
- Ukraine become reliant on Russian gas
- Russian state gas
suppliers (Gazprom)
threaten to raise prices
- Ukraine refuse to pay so Russia cut
gas supply off from them, and Europe
- Ukraine forced to pay market price
- Ukraine forced to pay market price
- Ukraine refuse to pay so Russia cut
gas supply off from them, and Europe
- Russian state gas
suppliers (Gazprom)
threaten to raise prices
- Ukraine become reliant on Russian gas
- Ukraine demand freedom from USSR (1991)
but remains politically and economically
close with Russia
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