Browse All Jobs > |
We don't know what will happen in the future. We are again living in volatile times. There are conflicts that could spread far and wide. World powers continually jostle and test each other.
After World War 1, people thought it would never happen again. There would not be another war like that. How wrong they were, just round the corner was an even more deadly and destructive world war! People today think the same thing, " it'll never happen again".
For every government defence considerations are top priority. That definitely includes energy security. You can not run a military defence without fuel. In the UK for example, some people are more concerned with the environment than with defence. I think that the government in that country is right to keep issuing as many licences as it can sell to get the most from the last of their fossil fuel industry. They will be able to obtain a large tax on these licences. A tax that can be invested in new industries like renewables. Help for new businesses to flourish, providing new jobs to replace the highly paid oil rig work.
Having a healthy oil industry in a country also provides energy security in times of defence. Since in the example of the UK again, their oil is produced by private companies, these companies can decide to where and to whom they want to sell. During peace times, the oil and gas can and is sold to open markets distributing around the world. Some will find it's way to the refineries in the UK. In times of trouble a country could firmly persuade the oil companies to sell to them only, instead of exporting. So, yes, this feels like energy security. In peace times, there is no need for energy security but there is a need for an established industry that can supply a defence force if the worst happens.
About The Author | |
Richard Johnson | |
Chewells Contributor |
Richard is one of our main oil industry contributors. He likes fast cars, motor boats and... »
...
We value your comments but kindly request that all messages are on topic and respectful. Please take the time to read our commenting policy.
Popular Free Courses - Upskill To Improve Your Prospects