The geopolitics of trillion US$ oil & gas rents

Q1 Social Sciences

International Journal of Sustainable Energy Planning and Management Pub Date : 2022-11-14 DOI:10.54337/ijsepm.7395

A. Verbruggen

引用次数: 3

Abstract

Physical oil and gas abundance, turned in market scarcity, do prices of oil and gas spike and cashed rents mount. For the years 1970-2020, the rents from crude oil and natural gas sales are expressed in US$-2020, revealing the magnitude and volatility of the money flows. Peak rents coincide with turmoil implying particular oil & gas exporting countries. Oil & gas geopolitics metamorphosed from conquering oil deposits to precluding oil & gas exports by ‘hostile’ nations. Such preclusions turn physical abundance in market scarcity, boosting oil & gas prices and rents (also called royalties, windfall, excess profits). Rent skimming is also a part of the 2022 Ukraine war. Climate change mitigation intensifies geopolitical efforts to curtail the exports of ‘hostile’ nations.

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万亿美元油气租金的地缘政治

实物石油和天然气的丰富，转化为市场的稀缺，导致石油和天然气价格飙升，现金租金上涨。1970-2020年，原油和天然气销售的租金以美元-2020表示，揭示了资金流动的规模和波动性。租金峰值与动荡同时发生，暗示着某些石油和天然气出口国。石油和天然气地缘政治从征服石油储量转变为阻止“敌对”国家的石油和天然气出口。这种排除将物质的丰富转化为市场的稀缺，推高了石油和天然气的价格和租金(也称为特许权使用费、意外之财、超额利润)。撇租也是2022年乌克兰战争的一部分。减缓气候变化加强了限制“敌对”国家出口的地缘政治努力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Sustainable Energy Planning and Management Social Sciences-Geography, Planning and Development

CiteScore

7.60

自引率

0.00%

发文量

审稿时长

30 weeks

期刊介绍： The journal is an international interdisciplinary journal in Sustainable Energy Planning and Management combining engineering and social science within Energy System Analysis, Feasibility Studies and Public Regulation. The journal especially welcomes papers within the following three focus areas: Energy System analysis including theories, methodologies, data handling and software tools as well as specific models and analyses at local, regional, country and/or global level. Economics, Socio economics and Feasibility studies including theories and methodologies of institutional economics as well as specific feasibility studies and analyses. Public Regulation and management including theories and methodologies as well as specific analyses and proposals in the light of the implementation and transition into sustainable energy systems.