Vladimir Putin

The Rt. Hon. The Lord Browne of Madingley

The speeches are free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.

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.

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