%0 Journal Article
%T The changing geopolitics of energy
%A Milo£¿evi£¿ Zoran
%A Markovi£¿ Slobodan
%J Journal of the Geographical Institute Jovan Cvijic, SASA
%D 2012
%I Geographical Institute ¡°Jovan Cviji?¡± SASA
%R 10.2298/ijgi1201125m
%X The paper discusses the changes in the global energy balance and the resulting geopolitics, which have in the recent years emerged as a result of the interplay of factors such as the rapidly increasing world¡¯s energy consumption and the shift of the source of consumption eastwards to China and India. The apparent shortage of oil is exemplified by the ¡°peak oil¡± theory, signalling a global struggle for oil and the need for new oil production, despite the apparent investor¡¯s insecurity to commit under the current geopolitical and economic conditions. Against the backdrop of these disconcerting factors, the authors considered the emergence of shale gas, as a new and abundant energy source that may redirect the energy geopolitics towards more comfortable outcomes.
%K geopolitics
%K energy
%K OPEC
%K peak oil
%K shale gas
%U http://www.doiserbia.nb.rs/img/doi/0350-7599/2012/0350-75991201125M.pdf