An Energy World Order in Flux

Author(s): Severin Fischer
Editor(s): Oliver Thränert, Martin Zapfe
Series Editor(s): Andreas Wenger
Book Title: Strategic Trends 2016: Key Developments in Global Affairs
Series: Strategic Trends
Pages: 83-100
Publisher(s): Center for Security Studies (CSS), ETH Zurich
Publication Year: 2016
Publication Place: Zurich

Volatile commodity prices, new technologies, changing market patterns and a growing flexibility in energy relations: The energy world has experienced a fundamental transition over the last decade. Many traditional views and conventional wisdom about the role of energy in foreign and security policies can today be put into question. The political influence of suppliers is set to be diluted. Hand in hand with this goes a temporary shift of power in favor of energy consumers. Instability in producer states will become the main energy-related security feature.

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