While No Place for Inordinate Energy Security Concerns – Volatile Energy Markets are Here to Stay

Krull Corp. President Dr. Alexander Mirtchev assesses the effect of the dramatic fluctuations in oil and other commodity prices in the context of the financial crisis, indicating that global energy balances would be affected in the long run. Policymakers should consider a comprehensive and coordinated strategy for engaging the key supplier and consumer emerging markets and making them feel they have a stake in resolving global energy issues. Such a strategy, coupled with diversification of supply channels and production capacities, would need to be put in place and take effect in the near future, in order to effectively address global energy security imbalances.

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