Risk Group Founder, Jayshree Pandya PhD discusses,” Global Energy Markets and Security Risks” with John Saucer on “Risk Roundup”. John is the Vice President Research and Analysis at Mobius Risk Group.
When we look at the advances in energy technology — that is in oil and gas, renewables, nuclear and other emerging sectors, there is a clear and visible evidence that the advances in technology has changed the geopolitics of energy industry dramatically and rapidly. It is due to the advances in energy technology that nations have now made a convincing move from an era of energy resource scarcity to an era of energy resource abundance. As a result, the geographical concentration of energy resources is now replaced with the universality of its access.
However, the most important development in the global energy markets is perhaps the weakening of oil and gas monopoly. For the better or for worse, oil and gas do not hold the monopoly power any more. This is mainly because of the stiff competition between shale, oil, renewables, nuclear and other sectors of energy that is intensifying and becoming very rewarding to consumers.
Having said that, the rapidly changing geopolitics of energy security is still a bitter reminder that the supposedly golden age of energy security, where each nation will have the ability to secure affordable, reliable, and sustainable energy supplies, to maintain their respective nation’s power requirement is still more of an illusion!
Even today, in a digital global age, “energy security” is a complex challenge. So the question that comes to mind is “Are each nation’s energy security challenges the same”? Perhaps not, as the global energy security challenges are very unique and very different for each and every nation.
So when we evaluate “energy security” in a digital global age, the biggest obstacle to energy security is not a lack of energy resources; there are plenty of energy (both fossil and non-fossil) resources all across nations. It is the policy choices that nations make, and how they manage their security risks that have always impacted and will always impact the energy security of each nation, not only today but also in the coming tomorrow.
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About the Guest
John is the Vice President Research and Analysis at Mobius Risk Group. His research focuses on commodity markets, derivatives, fundamental research, risk and discretionary portfolio management, global energy markets, trading and risk management.
About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.
About Risk Roundup
“Risk Roundup” is an “integrated strategic security risk dialogue” for nations: its government, industries, organizations and academia (NGIOA) in cyberspace, geospace and space (CGS).Risk Roundup is released in both audio and video format and is available for subscription at (Risk Group Website, iTunes, Google Play, Stitcher Radio, Android, and Risk Group Professional Social Media).
About Risk Group
Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!
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