Among the books on the world energy crisis, on technological possibilities for self-sufficiency, and on various energy sources, this is one of a very few to address the practicalities of government regulatory responsibilities versus the pursuit of profit in the private sector and to look at the processes, logistics, and complex interactions among private energy companies, financial sectors, and national governments. The authors provide answers to such questions as: How do oil company operations influence government policies? What kinds of energy projects can be financed by existing financial institutions? How does the availability of insurance affect innovations in energy? They also examine how major investors and governments make decisions about the management of the volatile mix of political, economic, and technological risks that buffet the energy sector; critique the conventional wisdom concerning the major fuels; and project the likely evolution of the world energy market over the next decade.

chapter |5 pages