The new factors affecting the supply of oil

• Romain BONENFANT
  Engineer, Ecole des Mines (Paris)
  
• Laurent KUENY
  Engineer, Ecole des Mines (Paris)
  
• Olivier APPERT
  President, IFP (Institut français du pétrole : French Oil Institute)
  
  
• Hervé JUVIN
  President, Eurogroup Institute
  

Summary

Romain Bonenfant and Laurent Kueny's dissertation entitled De l'arme du pétrole aux armes pour le pétrole (From oil as a weapon to weapons for oil) discusses the state of future oil supplies for the next thirty years. Paradoxically, while there is a problem associated with a shortage of hydrocarbons, there is also a problem associated with their superabundance which results in the release of carbon emissions into the atmosphere producing a dramatic impact on climate. Although the latter problem appears more important than the former, geopolitical crises, which may be generated by a shortage of hydrocarbons, appear to influence public opinion more than progressive climate change. Unless new energy fields can be found to prevent a disruption of supply, and as there is no alternative form of energy available in the near future, there is a risk of price increases in those hydrocarbons which are used, and which will cause increased carbon emissions. Major conflicts may arise between producer and consumer countries. In the consumer countries there may be conflict between those which are already industrialised and those which are on the path to industrialisation.

Summary translated from French by Rachel MARLIN.

• The entire article was written by Élisabeth BOURGUINAT and translated by Rachel MARLIN.

To obtain this article, you can :

• download it for free in French (PDF help) or contact ecopar@paris.ensmp.fr (Reference IN290107).
• download it for free in English (PDF help) or contact ecopar@paris.ensmp.fr (Reference IN290107-ENG).

The entire article appears in French in the Journal de l'École de Paris du management N° 66.