EST. 1903 - Presenting global influential leaders from business, labour, education & government through events
The Rt. Hon. The Lord Browne of Madingley
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Links for BP in Canada. The outlook for the world oil market. A review of some immediate events. New concerns about the quesiton of energy security. Shifts in prices and reasons for those shifts. Technological advancdes. Political change. The factor of demand. Some facts and figures about the oil market worldwide. Developments to restore stability to the market. Challenges for energy security over the medium and longer term. Supply and demand. Trade. Sustainability. Climate change. Stabilisation of the climate - steps to be taken. Uncertainties. The need for an agreed target - set for the long term and supported by a trading system which allocates resources effectively and efficiently. The European Trading system as an important step in that direction. Some conclusions about the two major challenges and how to meet them.