Davos 2015 - The Geo-Economics of Energy
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http://www.weforum.org/ How are energy producers and consumers adapting to increasing uncertainty? Dimensions to be addressed: - Demand and supply uncertainty - Market volatility - Geo-economic shifts • Abdalla Salem El Badri, Secretary-General, Organization of the Petroleum Exporting Countries (OPEC), Vienna • Fatih Birol, Chief Economist, International Energy Agency, Paris; Global Agenda Council on the Future of Electricity • Claudio Descalzi, Chief Executive Officer, Eni, Italy • Arkady Dvorkovich, Deputy Prime Minister of the Russian Federation; Global Agenda Council on Russia • Khalid A. Al Falih, President and Chief Executive Officer, Saudi Aramco, Saudi Arabia • Dalia Grybauskaite, President of Lithuania Moderated by • Daniel Yergin, Vice-Chairman, IHS, USA
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Mr. Al Falih insists that the Saudi decision to keep up the amount of oil and gas production which is one of the influences on the prices of oil and gas was not political. Considering the increase in shale oil in the U.S., making it oil independent, along with the decrease in the use of oil by China because of its desire to stabilize its growth at 7%, I suppose we must accept what he says. Yet it seems that the U.S. desire to constrict the Russian oil distribution to Europe is so great that it is risking W.W. III. I don't get that. Meanwhile, all these countries should be investing in alternative sources of energy, rather than oil and gas.
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