Increasing value of Nature Resource (Oil, Natural Gas) in Russia

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Description:

Apparently, the energy crisis and the volatility for the price of natural gas and oil will affect the country with abundant resources. Therefore, any factors impact on the price of these resources need to be examined since the economic impact on the country will be huge. Eventually, one day these natural resources are depleted. The bigger value of natural resource will bring the more complex effect on the power play among countries with Natural resources.

Enablers:

  • Enablers:
  • New discovery of the rich oil field or natural gas source in Russia
  • New technology to get more of current resource in Russia
  • Depletion of Natural Resources in the world
  • Slow development and high cost of new energy resource
  • High percentage of the government revenue from Oil and Gas.
  • Growth demand of Oil and gas worldwide
  • Political instability of Russia
  • Lack of investment for new technology related to energy project

Inhibitors

  • Increasing public needs for environmental friendly energy source
  • Growing concern on the carbon credit and climate change issues
  • The lower cost for alternative energy than current energy resources
  • New discovery of oil field and gas source in the rest of the world
  • Political stability of other major oil /natural gas countries
  • The diversity of revenue stream of Russia
  • New investment of new energy efficiency or alternative projects


Paradigms:

1.The world will start fighting for the natural resource and regional conflict will exacerbate for the resource control. Russia will have region power within Europe and more influential in the region.
2.The energy usage habits will be changed.
3.More investment will be developed into newer, low cost energy
4.Resource will be the strategic resources and will be more liked to be nationalized
5.Monopoly and cartel still exist in the world like OPEC nowadays


Timing:

1965, Oil discovery rate peaked
1973, Oil shock. The fourth Middle-East Wars acted as trigger.
1991, Gulf war.
2003, Iraq war.
2007, Peak oil. World oil production peaked.
2008, The oil price has been steadily increasing and hits a record high at $147.27/barrel.
2009,The economic recession cause the price to drop down to 30 /Barrelat the bottom
The oil and gas tax revenue contribute 47%, 37%, 35%, 31% from 2006 to 2009.

Web Resources:

Energy Information Administration (EIA)
Association for the Study of Peak Oil and Gas (ASPO)

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