Perspectives on the Future of Oil and Gas | Zendy

Arden Brummell | Zendy

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Perspectives on the Future of Oil and Gas

Author(s) -

Arden Brummell

Publication year - 1993

Publication title -

energy studies review

Language(s) - English

Resource type - Journals

ISSN - 0843-4379

DOI - 10.15173/esr.v4i3.280

Subject(s) - oil and natural gas , government (linguistics) , economics , natural resource economics , fossil fuel , politics , public policy , energy security , natural gas , energy policy , economic system , environmental economics , public economics , economic policy , business , political science , economic growth , ecology , renewable energy , philosophy , linguistics , law , biology

The evolution of the energy system depends strongly on the economic, political and social framework within which it operates, a framework which is largely determined by government policy. This paper is a consideration of two alternative policy scenarios and their impacts on oil and natural gas. One scenario is dominated by a belief in the operation of markets. In the other, government policy is heavily relied upon to deal with major concerns over stability and economic security.

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