Benzine en diesel zijn de laatste weken weer goedkoper geworden. De prijs zakt terug tot het niveau van begin dit jaar. De reden is politiek: Iran, een belangrijk olieland, laat voor het eerst sinds lang inspecteur van het Atoomagentschap toe. Daardoor daalt de spanning in het Midden-Oosten en zijn de markten minder bang dat de olieaanvoer zal stilvallen. Bekijk het interview hier.
Jeff Colgan, Robert O. Keohane and I have written an article on the historical development of multilateral energy institutions that has just been published in the June 2012 issue of The Review of International Organizations. The paper applies the concept of “punctuated equilibrium” from evolutionary biology to institutional development in the energy regime complex from 1950 to 2010. We empirically demonstrate that the energy regime complex has followed a pattern of relatively static periods punctuated by abrupt upheavals driven by dissatisfaction and shocks, and that the nature of innovation—that is, whether it is path-dependent or de novo—depends on interest homogeneity among major actors. Learn more.
The journal Environmental Politics has just published a book review of Global Energy Governance in a Multipolar World, which I co-authored with Dries Lesage and Kirsten Westphal. Hannes R. Stephan from Lund University (Sweden) writes that the book “represents an excellent starting point for both researchers and policymakers interested in global energy governance. And its conclusion is as sober as it is realistic. Unless a concert of major powers coordinates the global energy transition, no other group of actors or institutions is likely to muster the necessary capabilities and leadership resources.” Learn more.
I was interviewed by Flemish television on the question of why European gas prices are rising while American gas prices have plummeted. The answer is that, in continental Europe, gas prices are still mostly pegged to oil prices with a six-month delay. Watch the interview (in Dutch) here.
The Flemish newspaper De Tijd published a short opion piece of mine in which I argue against a release of the strategic oil stocks. Such a stock draw could at best provide a temporary relief from high oil prices. Using emergency oil reserves purely for electoral reasons would set a dangerous precedent. Learn more.