Energy Comment
The Oxford Energy Comment, published twice-monthly, is written by members of the research team and may take the form of a market commentary and reflections, or concern aspects of research in progress. In all cases, the views expressed are those of the authors, and should not be taken to represent the position of the Oxford Institute for Energy Studies.
Recent Comments
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Price Formation in Oil Markets: Some Lessons from 2009 — This comment analyses the oil price dynamics in 2009 arguing that 2009 represents a remarkable year in at least two respects: it witnessed the sharpest increase in spot oil prices in decades; and in the second half of 2009 it exhibited a high degree of relative stability despite a very uncertain and volatile global economic environment. The 2009 price dynamics indicate that the existing frameworks for the analysis of oil prices need to be modified to take into account new features of the market and the interaction among the various players. Furthermore attempts to identify the relative importance of fundamentals versus speculation in explaining the last price cycle are of limited use. Instead one should attempt to endogenise the role of financial players and understand the conditions under which these players behave in certain ways. No Trust Without Respect: Adaptation Quick Start Funding at the Cross Roads — In this Oxford Energy and Environment comment Dr Benito Müller (Director Energy and Environment at OIES) discusses some of the key options regarding how the (adaptation) quick start funding pledged under the Copenhagen Accord should be managed if we are to avoid a further deterioration of trust between the developed and the developing world. On the Need to Certify: Oversight of compliance with financial commitments under the UN Framework Convention on Climate Change — The history of financial support for developing countries is seen by many as littered with disappointments and broken promises that have eroded trust to an unprecedented level. The aim of this Comment by Dr. Benito Müller. is to highlight this problem and to propose a solution through a system of certification and registration to be applied to payments towards such commitments. The Time is Right!: Devolution of funding decisions to designated national/regional climate change funding entities — At the heart of any financial architecture debate is the question: who decides who gets how much and for what purpose? In this Comment Dr. Benito Müller. discusses the need to devolve funding decisions to the recipients as well as the need for joined-up decision-making through designated national funding entities. Procrustes’ Bed & Ockham’s Razor: The debate on existing institutions in climate finance — In the debate on institutional arrangements for international climate finance a powerful mostly Northern school of thought contends that one should not create new institutions but only make use of existing ones. This Oxford Energy and Environment Comment by Dr Benito Müller analyzes the the basis of this contention and draws some implications for the current negotiations. |
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- March 2010
- Price Formation in Oil Markets: Some Lessons from 2009 by Bassam Fattouh
- No Trust Without Respect: Adaptation Quick Start Funding at the Cross Roads by Benito Müller
- December 2009
- On the Need to Certify: Oversight of compliance with financial commitments under the UN Framework Convention on Climate Change by Benito Müller
- October 2009
- The Time is Right!: Devolution of funding decisions to designated national/regional climate change funding entities by Benito Müller
- Procrustes’ Bed & Ockham’s Razor: The debate on existing institutions in climate finance by Benito Müller
- Under the Authority of the COP by Benito Müller
- Is There Room for Compromise?
The debate on institutional arrangements for climate finance. by Benito Müller - January 1970
- The Price Band and Oil Price Dynamics by
- June 2009
- Are Treasuries killing the climate deal? by Benito Müller
- March 2009
- Reinforcing Feedbacks, Time Spreads and Oil Prices by Bassam Fattouh
- January 2009
- Resumption of Russian Gas Deliveries to Central and East European Countries on Humanitarian Grounds: A Proposal by Jonathan Stern
- December 2008
- Europe’s complex climate compromise by David Buchan
- November 2008
- The Reality of Official Climate Aid by
- October 2008
- Implementing the Bali Action Plan: What Role for the CDM? by Benito Müller
- To Cut or not to Cut: The Dilemma Facing OPEC by Bassam Fattouh
- August 2008
- The Georgia-Russia standoff and the future of Caspian and Central Asian energy supplies by Dr Shamil Midkhatovich Yenikeyeff
- July 2008
- Politicians and prices - the itch to intervene by David Buchan
- March 2008
- Security of European Gas Supplies - a survey of gas industry opinion from the FLAME Conference, Amsterdam, March 4, 2008 by Jonathan Stern
- Prospects of the DME Oman Crude Oil Futures Contracts by Bassam Fattouh
- Bali 2007: On the road again! by Benito Müller
- February 2008
- One Step Forward, Two Steps Back? The Governance of the World Bank Climate Investment Funds by Benito Müller
- January 2008
- Europe, Emissions and Echternach - assessing Brussels' January 2008 package by David Buchan
- October 2007
- Nuclear Power in the UK by Malcolm Keay
- The moral duty to eat African strawberries at Christmas by Benito Müller
- September 2007
- Crusading against vertical integration. by David Buchan
- August 2007
- The Battle for the Next Energy Frontier: The Russian Polar Expedition and the Future of Arctic Hydrocarbons by Shamil Midkhatovich Yenikeyeff and Timothy Fenton Krysiek
- The Myth of the Iranian Oil Weapon by Bassam Fattouh
- Europe’s mid summer blues by David Buchan
- July 2007
- A note on oil prices and the world economy in the IMF’s World Economic Outlook by Paul Segal
- Bonn 2007: Russian Proposals, Policy CDM, and ‘CER Put Options’ (CERPOs) by Benito Müller
- April 2007
- WTI Benchmark Temporarily Breaks Down: Is it Really a Big Deal? by Bassam Fattouh
- March 2007
- Mexico’s energy dilemma: resource nationalism vs market liberalisation by Rolando Fuentes
- The European Union’s new targets on emissions and renewables: pluses and minuses by David Buchan
- The New Green Agenda – Politics running ahead of Policies by Malcolm Keay
- February 2007
- Gas-Opec: A Distraction from Important Issues of Russian Gas Supply to Europe by Jonathan Stern
- January 2007
- The 2007 Russia-Belarus Gas Agreement by Katja Yafimava and Jonathan Stern
- Europe’s crab-like sidle towards a common energy policy by David Buchan
- The Nairobi Climate Change Conference: A breakthrough for adaptation funding by Benito Müller
- December 2006
- The Rich Must Face Their Personal Carbon Responsibility by Dr Benito Müller and Dr Saleemul Huq
- September 2006
- The Peak Oil Theory by Robert Mabro
- Contango Lessons by Bassam Fattouh
- August 2006
- Middle East Crude Pricing and the Oman Crude Oil Futures Contract: A Critical Assessment by Bassam Fattouh
- The G8 and Russia: Security of Supply vs. Security of Demand? by Shamil Midkhatovich Yenikeyeff
- July 2006
- UK Energy Review – still in search of an energy policy? by Malcolm Keay
- June 2006
- OPEC’s Discounts on Heavy Crude Oil: Is a New Policy Instrument Taking Shape? by Bassam Fattouh
- The UK Energy Review and Decentralised Generation by Malcolm Keay
- Climate of Distrust by Benito Müller
- January 2006
- The Russian-Ukrainian gas crisis of January 2006 by Jonathan Stern
- July 2005
- Nuclear Power and Renewables: Strange Bedfellows? by Christopher Hansen and Robert Skinner
- June 2005
- Wind Power in the UK: Has the Sustainable Development Commission Got it Right? by Malcolm Keay
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