Abstract

Human societies have witnessed great developments in the last couple of centuries for many reasons, including the use of energy in particular conventional energy resources such as oil and gas. Such developments have resulted in a situation where each state has been seeking to ensure the existence of sufficient and constant energy supplies that allow the functioning of its society, the constant economic growth and the protection of national security.  This has been the case where nations with great energy supplies have had the upper hand in geopolitics and in determining the market price. This is why numerous countries that lacked such energy supplies have adopted a strategy of ensuring good relations with the nations exporting conventional energy resources.  Particularly, in the last couple decades,these nations have simultaneously started investing in alternative energy sources such as nuclear and renewable energies to reduce dependency on conventional energy sources. Additionally, while some nations have succeeded in using alternative energy sources to reduce such dependency, others have failed despite the huge investments made in this context. Even worse, many nations who have a huge amount of energy reserves have witnessed the so-called resource curse as the populations of these countries did not benefit at all from the exploitation of the natural resources.  Yet, regardless of all these realities, energy is still considered as the main element that allows the development and progress of any nation, which is why the focus is on ensuring energy security by any means possible.
Full Paper
Paolo Davide Farah
Founder, President and Director

Summary

Human societies have witnessed great developments in the last couple of centuries for many reasons, including the use of energy in particular conventional energy resources such as oil and gas. Such developments have resulted in a situation where each state has been seeking to ensure the existence of sufficient and constant energy supplies that allow the functioning of its society, the constant economic growth and the protection of national security.  This has been the case where nations with great energy supplies have had the upper hand in geopolitics and in determining the market price. This is why numerous countries that lacked such energy supplies have adopted a strategy of ensuring good relations with the nations exporting conventional energy resources.  Particularly, in the last couple decades,these nations have simultaneously started investing in alternative energy sources such as nuclear and renewable energies to reduce dependency on conventional energy sources. Additionally, while some nations have succeeded in using alternative energy sources to reduce such dependency, others have failed despite the huge investments made in this context. Even worse, many nations who have a huge amount of energy reserves have witnessed the so-called resource curse as the populations of these countries did not benefit at all from the exploitation of the natural resources.  Yet, regardless of all these realities, energy is still considered as the main element that allows the development and progress of any nation, which is why the focus is on ensuring energy security by any means possible.

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