• Linkedin
  • Twitter
  • Rss

Oil, Gas & Energy Law

Skip navigation

Oil, Gas & Energy Law

Global Energy Law & Regulation Portal

Join OGELFORUM

Oil, Gas & Energy Law

Global Energy Law & Regulation Portal

  • Sign in
  • Subscribe
  • Home
  • Sign in
  • About About
    1. Home
    2. About
    3. About OGEL
    4. About OGEL
    5. Founding Editor T.W. Wälde
    6. T.W. Wälde
    7. Editorial team
    8. Editorial team
    9. Contributing Authors
    10. Contributing Authors
    11. Subscriptions
    12. Subscriptions
  • Journal Journal
    1. Home
    2. Journal
    3. Browse Issues
    4. Browse
    5. Articles by Category
    6. By Category
    7. Articles by Author
    8. By Author
    9. Advance publication
    10. Advance publication
    11. Specials
    12. Specials
    13. Search
    14. Search
    15. Book reviews
    16. Reviews
  • Legal & Regulatory docs. L & R docs
    1. Home
    2. Legal & Regulatory docs.
    3. L&R by Country
    4. L&R by Country
    5. L&R by Category
    6. L&R by Category
    7. L&R recent additions
    8. L&R recent additions
    9. Search
    10. Search
  • OGELFORUM OGELFORUM
    1. Home
    2. OGELFORUM
    3. About OGELFORUM
    4. About OGELFORUM
    5. Browse archive
    6. Browse by date / topic
    7. Search
    8. Search
    9. Join
    10. Join
  • News & Events Events
    1. Home
    2. News & Events
    3. News
    4. News
    5. Events
    6. Events
  • OGEL Studies OGEL Studies
    1. Home
    2. OGEL Studies
    3. About OGEL Studies
    4. About OGEL Studies
  • Subscribe
Home > Journal

Editorial, Volume III, issue #02 - June 2005

  • Sign in
  • Table of contents
  • In this category
  • Suggested citation
T.W. Wälde (†)
Wälde (†), Thomas

Article from: OGEL 2 (2005), in Editorial

Introduction

At present, the world faces what might be a temporary or more lasting imbalance in oil supply, partly due, it seems to decades of under-investment by the major oil companies more susceptible to pressures from the capital markets and to the relative closure of OPEC acreage to international investment - in addition, naturally, to huge demand increases from in particular China and India. The situation of the oil market can easily get out of hand, should additional crises - e.g. political and economic mismanagement of different sorts in Venezuela and Russia, terrorism in Saudi Arabia, escalation of the never ending US war in Iraq, - break out.

It is normal that at that time we are compelled to look for alternatives to oil. These are far from close in pragmatic and realistic terms as the large consumers (Chinese and Indian industrialisation, US private car consumption) seem to be still impervious to the current (not tax enhanced) prices of gasoline. But there has to be, and will be, a new emphasis one energy efficiency (logically the most efficient way to save oil) and alternative sources (which all have their limitations - nuclear the decommissioning and security, windpower the investment requirements and the stability of wind supply etc).

But the more the price of oil moves up (let us think of 100 US$ per barrel as a possible target in a not favourable, not inevitable, but possible scenario) and if the prices of oil remain at levels over 50 US$, the economic feasibility of virtually every alternative and energy efficiency measures will also increase significantly.

With an earlier OGEL special issue in 2004, we have highlighted renewable energy sources. With this issue, we highlight windpower. Windpower is not the only solution, but it could well be one essential part in a mix of measures which include energy efficiency, windpower and other renewables, expansion of nuclear and new technologies (carbon sequestration). This special issue will be followed some time later by a special issue on coal.

The special issue illustrates both development in windpower, and regulatory, financing, investment and commercial challenges. Thanks to our contributors and to Carol Smoots of Perkins Coie LLP in Washington, a colleague and friend with decades of experience in US and international energy law and regulation.

To read this article you need to be a subscriber

Sign in

Forgot password?

Sign in

Subscribe

Fill in the registration form and answer a few simple questions to receive a quote.

Subscribe now

Why subscribe?

OGEL journal

Access to OGEL Journal articles (well over 3000 articles in total for Premium account holders)

Legal & regulatory

Access to Legal & Regulatory data (well over 10000 documents)

OGELFORUM

OGELFORUM membership (lively discussion platform bringing together the world's international oil, gas and energy community)

Suggested Citation

T.W. Wälde (†); "Editorial, Volume III, issue #02 - June 2005"
OGEL 2 (2005), www.ogel.org

URL: www.ogel.org/article.asp?key=1812

Call for contributions

OGEL Call for Papers: Carbon Capture and Storage

Professor Tara Righetti and Dr. Matteo Fermeglia

  • Professor Tara Righetti
  • Dr. Matteo Fermeglia

OGEL Call for Papers: The Impact of the War in Ukraine on the Energy Sector

Agnieszka Ason, Konstantin Christie, Prof. Kim Talus

  • Agnieszka Ason
  • Konstantin Christie
  • Kim Talus

OGEL Call for Papers: Energy Market Creation: Liberalisations and Transformations

Prof. Kim Talus

  • Kim Talus

Call for Papers: OGEL Energy Law Journal 2023

Call for Papers: OGEL Energy Law Journal 2023

OGEL Editorial Team

  • More
  • Contribute

Advance publication

Changing the Conversation on Energy Transition - Aligning Interests or Mandating Actions to Combat Climate Change in Challenging Times

1 Feb 2023

M.J. Schloss

  • M.J. Schloss

Addendum OGEL 5 (2022) - WTO Law on Subsidies and Local Content Rules in the Offshore Renewable Energy Sector

16 Jan 2023

V. Roeben

  • V. Roeben

The Domestication of the Principle of Permanent Sovereignty over Natural Resources in the Tanzania Petroleum Industry: The Move Towards Nationalism is it a Sovereign Right or Wrong?

10 Jan 2023

B.H. Mwashambwa

  • B.H. Mwashambwa
  • More
  • Contribute

Stay connected

Sign up for our email alerts.

  • Issues
  • Advance publication
  • News
  • Linkedin
  • Twitter
  • RSS

Join the debate

Want to join OGELFORUM, our unique platform for oil, gas and energy issues?

Simply fill in the registration form to start your trial membership.

Download the app

  1. App store
  2. Google play

The Oil, Gas & Energy Law Intelligence (OGEL, ISSN 1875-418X) Journal and OGELFORUM listserv focus on recent developments in the area of oil, gas, energy law, regulation, treaties, judicial and arbitral cases, voluntary guidelines, tax and contracting, including the oil, gas, energy geopolitics. Read our Terms & Conditions here, and our Privacy Policy here.

About OGEL

  • Terms & Conditions
  • Contribute
  • Subscriptions
  • Contact
  • Help

Other publications

  • Transnational Dispute Management (TDM)

© 2004 - 2023. Published by MARIS.

  • Home
  • Contribute
  • Subscriptions
  • Contact
  • Help