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Erschienen in:
The Geopolitics of Renewables—An Introduction and Expectations Kapitel lesen Erstes Kapitel lesen

2018 | OriginalPaper | Buchkapitel

4. Battling for a Shrinking Market: Oil Producers, the Renewables Revolution, and the Risk of Stranded Assets

verfasst von : Thijs Van de Graaf

Erschienen in: The Geopolitics of Renewables

Verlag: Springer International Publishing

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Abstract

Oil and gas producers such as the OPEC countries and Russia are easily portrayed as the ‘losers’ of a transition to renewables. This chapter investigates their role in the new energy game and explores the strategies they could employ in a carbon-constrained world. After recounting how and why petroleum became the most important energy source in the global economy, this chapter discusses the likelihood of peak oil demand. It then looks at how private international oil companies and oil exporting countries would be affected by a global transition to renewable energy, and considers possible strategies that oil producers might follow in the face of dwindling demand and abundant reserves. The chapter concludes by arguing that the common wisdom about the geopolitics of oil needs to be revisited, as it will revolve around abundance rather than scarcity. Oil abundance creates winners (most notably the United States and import-dependent countries) but also losers (especially petrostates that are heavily dependent on oil revenues and have few competitive industries beyond fossil fuels).

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Vorheriges Kapitel Redrawing the Geopolitical Map: International Relations and Renewable Energies
Nächstes Kapitel The Geopolitical Implications of a Clean Energy Future from the Perspective of the United States
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Metadaten
Titel
Battling for a Shrinking Market: Oil Producers, the Renewables Revolution, and the Risk of Stranded Assets
verfasst von
Thijs Van de Graaf
Copyright-Jahr
2018
Buch
The Geopolitics of Renewables

Print ISBN: 978-3-319-67854-2

Electronic ISBN: 978-3-319-67855-9

Copyright-Jahr: 2018

DOI
https://doi.org/10.1007/978-3-319-67855-9_4