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IMF BOOK FORUM: The Quest: Energy, Security, and the Remaking of the Modern World

IMF BOOK FORUM 

Presents
DANIEL YERGIN 
The Quest: 
Energy, Security, and the Remaking of the Modern World 
Monday, May 21, 2012 
3.30 to 4.30 pm 
Room: HQ1 R-710 (Red Level, Auditorium)
Please send an email to ploungani@imf.org if you’d like to attend 
About the Presenter: 

Time Magazine called Pulitzer Prize-winner Daniel Yergin one of the “hundred people who mattered” worldwide in 2011, saying, “If there is one man whose opinion matters more than any other on global energy markets, it’s Daniel Yergin.”

Dr. Yergin is Chairman and Founder of IHS Cambridge Energy Research Associates, one of the leading energy advisory firms in the world, and he serves as CNBC’s Global Energy Expert.

Dr. Yergin is known for his book The Prize: the Epic Quest for Oil Money and Power, which was awarded the Pulitzer Prize. It became a number one New York Times best seller. Both The Prize and Commanding Heights, Yergin’s next book, were made into award-winning television documentaries for PBS and BBC.

The New York Times said recently that “Mr. Yergin, operating as a kind of one-man think tank, has had a virtual monopoly on the subject of energy and geopolitics. Such is his influence that one half expects his competitors to file antitrust litigation against him.”

About the Book:
The Quest tackles “three big and longstanding fears: energy scarcity, energy security and, more and more, the environmental ruin that energy can cause.” (The Economist).

  • Will we run out of oil? Will enough energy be available to meet the needs of fast-growing economies, at what cost, and with what technologies? 
  • How can the security of the world energy system be maintained? Since World War II, many crises have disrupted energy supplies. Will the next crisis come from the cyber vulnerability of energy systems? 
  • How will energy development affect the environment? Will the world be able to shift in time toward a new age of energy, a radically different mix that relies more on renewables and alternatives? 

What the Reviews Say:

  • New York Times: “Mr. Yergin is back with a sequel to The Prize. It’s an even better book. It is searching, impartial and alarmingly up to date.” 
  • Financial Times: “it is impossible to think of a better introduction to the essentials of energy in the 21st century … the value of The Quest is in the clarity and fair-mindedness of Yergin’s thought. 
  • The Economist: “The Quest is a masterly piece of work and, as a comprehensive guide to the world’s great energy needs and dilemmas, it will be hard to beat.” 

Also, read an interview with Daniel Yergin.

IMF BOOK FORUM 

Presents

DANIEL YERGIN 

The Quest: 

Energy, Security, and the Remaking of the Modern World 

Monday, May 21, 2012 

3.30 to 4.30 pm 

Room: HQ1 R-710 (Red Level, Auditorium)

Please send an email to ploungani@imf.org if you’d like to attend 

About the Presenter: 

Time Magazine called Pulitzer Prize-winner Daniel Yergin one of the “hundred people who mattered” worldwide in 2011, saying, “If there is one man whose opinion matters more than any other on global energy markets,

Read the full article…

Posted by at 6:46 PM

Labels: Energy & Climate Change

BP’s Cheerful Energy Outlook for 2030

BP has a surprisingly cheerful energy outlook for 2030.

Energy intensity—the amount of energy it takes to produce a dollar of income—has been continuing a steady downward march for 40 years, and BP expects this to continue. By 2030, the major regions of the world—the U.S., China and India—will have the same energy intensity. Energy use will be diversified across sources: oil, coal, and gas will each have a 30% market share, with hydro, nuclear and renewables accounting for the remaining 10%.

Energy supply from the Americas—US and Brazilian biofuels, Canadian oil sands, Brazilian deepwater and US shale oil—will help in balancing supply and demand in 2030. 

Vehicle ownership (per person) will hit saturation in the rich nations. And while it will grow in China and India, it will follow a slower path than seen historically in other countries. 

If we could keep politics out of the picture, we could have an energy outlook by 2030 in which the America are largely energy self-sufficient, the FSU supplies nearby Europe, and the Mid-East and Africa take care of the needs of the Asia-Pacific. 

Import dependence in 2030 is projected to be higher than it is today for all major energy importers—Europe, China and India—but will decline for the United States. BP predicts that by 2030 “the import share of oil demand and the volume of oil imports in the US will fall below the 1990s levels, largely due to rising domestic shale oil production and ethanol displacing crude imports. The US will also become a net exporter of natural gas.”

BP has a surprisingly cheerful energy outlook for 2030.

Energy intensity—the amount of energy it takes to produce a dollar of income—has been continuing a steady downward march for 40 years, and BP expects this to continue. By 2030, the major regions of the world—the U.S., China and India—will have the same energy intensity. Energy use will be diversified across sources: oil, coal, and gas will each have a 30% market share,

Read the full article…

Posted by at 1:33 AM

Labels: Energy & Climate Change

How do Countries Rank in Energy Security?

My presentation at EMEE ranked countries’ energy security based on how diversified they were in the sources of their energy supplies.

My presentation at EMEE ranked countries’ energy security based on how diversified they were in the sources of their energy supplies.

 

Read the full article…

Posted by at 6:17 PM

Labels: Energy & Climate Change

The Elusive Quest for Energy Security

The price and security of foreign oil has Western policymakers talking more urgently about energy independence — again. But according to Prakash Loungani, an economist and advisor to the IMF’s Research Department, to insulate themselves from the economic effects of oil spikes, countries are going to have to learn to work together.To continue reading see the recent article on the Globalist website.

The price and security of foreign oil has Western policymakers talking more urgently about energy independence — again. But according to Prakash Loungani, an economist and advisor to the IMF’s Research Department, to insulate themselves from the economic effects of oil spikes, countries are going to have to learn to work together.To continue reading see the recent article on the Globalist website.

Read the full article…

Posted by at 1:14 PM

Labels: Energy & Climate Change

Energy Security: Depend, but Diversify

With oil prices back above $100 a barrel, declarations of “energy independence” are back in the news. But a more reliable path to energy security lies in continuing to depend on the benefits conferred by global energy markets, while reducing reliance on any one form of energy or on any one energy supplier. And indeed, since the oil shocks of the 1970s, the actions of millions of consumers and producers have enhanced energy security in precisely this way. Read the full story on the USAEE (United States Association for Energy Economics) site.

With oil prices back above $100 a barrel, declarations of “energy independence” are back in the news. But a more reliable path to energy security lies in continuing to depend on the benefits conferred by global energy markets, while reducing reliance on any one form of energy or on any one energy supplier. And indeed, since the oil shocks of the 1970s, the actions of millions of consumers and producers have enhanced energy security in precisely this way. Read the full story on the USAEE (United States Association for Energy Economics) site.

Read the full article…

Posted by at 6:27 PM

Labels: Energy & Climate Change

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