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

Seminar Guest speakers | Monday January 29, 2007 - 19h - 21h15

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.

The entire article was written by:

Élisabeth BOURGUINAT

This session was published in issue n°66 of the Journal de l'École de Paris du management, entitled Monde incertain et caractères bien trempés.