Key Players in the energy game

Consumers
1. Often highly price sensitive
2. Can exert pressure of governments
3. Population growth leads to increased demand
4. Industrialisation increasing demand
5. Continuously requiring more and more energy
6. Can be greatly effected by disputes
Governments
1. Facilitate responsible development and production of energy resources
2. Establish marketplace rules with long-term clarity
3. Ensure externalities causing economic harm to society are fully internalised into market pricing
4. Promote full disclosure and transparency of information to all market participants to help in making optimal decisions
5. Privatize public sector assets in competitive market sectors, and hod assets in non-competitive segments to eliminate the possibility of exploitation by for-profit monopolists
6. Provide tax credits for pre-commercial research on new energy technologies to spur further innovation
NICs, e.g. China
1. Major consumers
2. NICs such as China are beginning to flex their muscles in the global energy arena
3. In particular China as its rapid industrialisation and voracious demand for energy have turned it from a net exporter to a net importer
Oil-producing countries outside OPEC e.g. USA, Russia & Mexico
1. Most important players
2. Countries are dependent on them
3. Can cause wide disruption if they cut supply
4. Essentially 'call the shots'
5. Have to increase production to meet demand
6. Very secure
7. Petrodollar economy growing due to an increasing demand

Resource summary

	Created by Jodie Goodacre over 10 years ago