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The New Energy Order
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Abstract
In the discussion, there is an examination of the manner that the new energy order is coming up through the neopolitics of the regional as well as the global powers like the United States, Iran, Turkey, India, China, Canada, and the European Unions. There is an argument that the increased demand for the energy supplies, especially by the developing nations as well as the shift towards the broad and global demands for the use of green sources of energy, is leading to great pressure. There is increased pressure on energy supplies globally. The mounting pressure is being experienced in two dimensions. The countries that are great consumers of energy are highly concerned about the energy supplies. On the other hand, the countries producing the energy value and consider that there is an erratic demand for energy supply. The erratic demand makes it unsure of justifying whether there will be the creation of the new sources of energy. As a result, there is a high call for the creation of new cooperation that will be enacted between the producers and the consumer of energy. The above information relates to an article that has been written to examine numerous aspects of the new energy order.
The major arguments and intent of the article
As per the author, there has been an increased demand for the energy supply, especially now that the majority of the countries have undertaken tremendous steps of development. As a result, there has been a unique shift regarding the anticipations of the global energy system that has been seen within the last decade. It is also notable that due to the huge demand for the energy supplies, there has been a shortage of energy especially the easy-to-tap and local fuels running short, (Victor, 2010, p. 61-73). The situation has forced the major consumers to rely on longer and seemingly highly fragile sources and energy supplies. The fuel prices have also gone up tremendously. The situation has also extended to the governments where they have become wary and are besieged by doubts regarding their security about the energy sources and supplies.
In connection with the above information, the article intends to bring about the initiatives which will ensure that the issue of the energy is dealt with or minimized. The establishment and implementation of these initiatives will aid the prevailing energy institutions to perform better and might also develop some new norms to govern energy security. An example of such an initiative involves the adoption of economic models. The models entail the development of the international economic laws that have not been existing within the last three decade. The laws are a set of general and useful principles which have developed from the practical and bottom-up experience. The laws are bound to regulate the demand and the supply of energy. The other notable initiative involves the acquisition of the practical strategy that will be essential for setting the effective norms which will govern the worldwide energy economy (Luft, 2009, p. 221). The aspect is in relation to the fact that there exists no shortage of the institutions that currently exist in the energy markets. The thing that is lacking is the effective strategy of governing the worldwide energy economy.
The strengths and weaknesses of the article
When it comes to the weaknesses of the article, it mainly focuses on the security of the energy consumers with little focus on the suppliers of the energy that is required. The initiatives and institutions that are put forward for ensuring that energy is regulated are aimed at benefiting the consumer of the energy with little focus on the suppliers. The energy suppliers are also burdened with the issue of being accountable for the violation of human rights, especially when it comes to the supply of the available energy. Generally, the paper becomes weak in that it leans more on the energy consumers at the expense of the energy suppliers who should also be considered.
The effectiveness of the article
The degree at which the article is successful in examining the issue of the new energy order might be regarded to be very high. In the first place, it has revealed the key countries that are deemed to be the most energy consumers and are the ones that might suffer increased incidences of the energy insecurities. The notable examples of such nations are the United States, China, India, and the European Unions. It has also revealed the key sectors that are concerned with the regulation of the energy supply and how they may ensure that energy is regulated to deal with the energy crisis. For instance, there is the International Energy Agency that has predicted that by the year 2030, China will be depending on the importation of at least two-thirds of the energy that it will be using, (Tunsjo, 2013, p. 204). India will even be importing more energy as compared to the one that will be imported by China.
The article has also revealed that the greatest problem is not on the energy scarcity. The issue lies in the lack of an effective strategy of managing the available energy supplies and stabilizing how the energy is distributed. As a result, the author of the article has brought forward the Energy Stability Board that may be created for helping the governments as well as the prevailing international institutions in better managing the energy problems that are prevailing at the present moment. While working in conjunction with the major and new energy consumers such as China, it might set some standards which will align its investments, market rules, and energy commodities. By doing so, it will be addressing the issue of the energy crisis that has been seen in the last decade.
The individual reflection regarding the article
The individual thoughts regarding the article are that it should also have examined the numerous ways that the involved countries have tried to deal with the emerging energy problem, (Brebbia, 2014, p. 227). The high-energy consuming countries like those mentioned above should have come up with effective ways of addressing the energy issue after realizing that such an issue is slowly creeping in. Instead of revealing some of these ways, the article has only examined the aspect of those countries relying heavily on the supplies of the energy to ensure that there is a continuous supply of energy. The initiative and institutions that have mentioned also do not mainly come from those countries. The nations themselves need to show tremendous steps of addressing the menace.
The individual position regarding the article
About the article, the individual position is that it is highly relevant. The reason is that it addresses one of the most important issues that are affecting the entire world at the present moment. The issue of the energy and their sources, especially the non-renewable sources of energy is an issue that is affecting all the countries of the world, (Krishna-Hensel. 2016, p. 33). Due to the depletion of the energy and its sources, the article has managed to recommend the numerous ways that energy might be regulated to address the emerging energy crisis. The notable ways include the enacting of initiatives for dealing with energy regulation. The article has also recommended the utilization of green energy as a way of addressing the energy crisis.
The summary of the article
The article concerns the new energy order. Concerning this topic, the article aims at examining the management of the energy insecurities that are being noticed within the twenty-first century. The article has revealed that within the last decade, there has been a shift in the expectations of the world's energy system. The shift has been brought about by the increased utilization of energy, especially by major nations like the US and China. The increased energy utilization has brought about the energy crisis that has occurred due to doubts in the energy securities, especially by those major nations, (Victor, 2010, p. 61-73). The other issue that has come about involves the increase in the energy prices that have risen due to a decrease in the energy supplies.
As a result, there arose the need for regulating the energy source and utilization. In doing so, several institutions have to be enacted, and the existing ones need to be made operational so that they address the issue of the energy. The other essential aspect of the article is the description of the economic models, the impotent crowd and investors abhor a vacuum which is all crucial aspects of managing the energy insecurities that is looming in the 21st century.
Bibliography
Brebbia, E. R. Magaril, and M. Y. Khodorovsky. Energy Production and Management in the 21st Century: The Quest for Sustainable Energy. 2014. Pp. 227.
Gal Luft, and Anne Korin. Energy Security Challenges for the 21st Century: A Reference Handbook. Santa Barbara, Calif: Praeger Security International, 2009. Pp. 221.
Oystein Tunsjo. Security and Profit in China's Energy Policy: Hedging against Risk. 2013. pp. 204
Sai Felicia Krishna-Hensel. New Security Frontiers: Critical Energy and the resource challenge. 2016. pp. 33
Victor, David G., Yueh, Linda. The New Energy Order. 2010. Pp. 61-73.
Walter A. Rosenbaum. American Energy: The Politics of 21st Century Policy. 2015. pp. 34
