The fluctuation of energy prices and their repeated rise and falls have illustrated the importance of the Middle East region as a fundamental energy provider for the whole world. This book discusses and analyzes the impact of oil and gas prices on global demand and on the international energy market, focusing on the Middle East and its effective role worldwide.
“It explores the possible future causes both of major interruptions in supply, and failures to maintain and expand export capacity, and, though it does not predict a major energy crisis, it does describe factors that could produce one,” according to an Amazon.com review.
The two authors of “The Changing Dynamics of Energy in the Middle East”, Anthony H. Cordesman and Khalid R. Al-Rodhan studied each country of the region in terms of each one’s plans to maintain its energy stability. The authors then compare their analysis with the forecasting models of international organizations.
Moreover, Cordesman and Al-Rodhan tackled the attitude of the world’s main importing countries, such as the United States, Europe, China, and India in terms of their way of dealing with the changing nature of global dependence upon Middle Eastern and North African (MENA) oil.
According to the International Energy Agency, the present projections of global oil demand suggest that world requirements would increase to 92 Mb/d by 2010 and to 110 Mb/d by 2020 from the 2002 level of 77 Mb/d. Assuming that demand grows by an average of 1% per year until 2020, the authors project world demand at 83 Mb/d by 2010 and 91 Mb/d by 2020. The attention will be then redirected to the MENA region as a main energy provider. And here comes the question; how the MENA will affect the energy market worldwide? Will it be able to meet the increasing demand? What are its future potentials in the oil and gas field?
Cordesman holds the Arleigh A. Burke Chair in Strategy at the Center for Strategic and International Studies and is an analyst and commentator for ABC News. He has reflected his deep interest concerning energy and Middle East politics, economics, demographics, and security in most of his writings and publications which count for more than 50 books. He has served in a number of senior positions in the U.S. government, including the Department of Energy, and several assignments in the Middle East.
Al-Rodhan is a Visiting Fellow at the Center for Strategic and International Studies (CSIS) in Washington DC. He is a strategic analyst in the Gulf military, economic, and energy affairs. He is the coauthor of several books with Dr. Cordesman on energy security and military strategy including: The Global Oil Market: Risks and Uncertainties (2006); Gulf Military Forces in an Era of Asymmetric Wars (Praeger, 2006); and The Changing Dynamics of Energy in the Middle East (Praeger, 2006).
The Changing Dynamics of Energy in the Middle East offers “the most comprehensive data on current energy resources, production capacities estimates, import dependence, and national plans and strategies”, through which it attributes the reason of the negative impact on the understanding of policy makers and strategic thinkers to the current lack of supply-driven models.
In conclusion, the two authors outline the possible strategic, economic, and demographic scenarios for the Middle East and their impacts on future energy.