Transition through Gas

Transition through Gas 21 st Century Resilient Energy Markets Chris Cook IIES Conference, 1 st November 2011

21 st Century Problems cannot be solved with 20 th century solutions

End of an Era ,[object Object],[object Object],[object Object],[object Object],[object Object]

In the Beginning ,[object Object],[object Object],[object Object],[object Object]

Direct Investment in Oil ,[object Object],[object Object],[object Object],[object Object]

1995: a Marriage made in Heaven ,[object Object],[object Object],[object Object],[object Object],[object Object]

Dark Inventory ,[object Object],[object Object],[object Object]

2008 – End of the Beginning ,[object Object],[object Object],[object Object],[object Object]

2008/9 - Printing Oil ,[object Object],[object Object],[object Object]

2009 until March 2011 ,[object Object],[object Object],[object Object],[object Object],[object Object]

Oil and natural gas prices part company

2009 through 2010 – oil is 'pegged' in a range

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],March 2011 - Beginning of the End

2011 – Speculators come.....and go

[object Object],[object Object],[object Object],[object Object],June 2011: the Dollar Pump Stops

[object Object],[object Object],[object Object],[object Object],[object Object],The End - an Oil E.Coyote moment?

Goodbye to the 20 th Century oil market

21 st Century Investment – Energy Units ,[object Object],[object Object],[object Object],[object Object],[object Object]

21 st Century Investment - Nondominium ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Transition through Gas – a Low Carbon Transition Plan for Iran

Transition in Iran Step One - unitise Natural Gas

Step Two – increase domestic prices to Caspian global benchmark level

Step Three – an energy dividend of Units is made to Iranians

Step Four – massive energy loan investment in Iranian renewable energy

Step Five – a national programme of Energy Loan investment in Energy Savings

Energy Diplomacy – through the Caspian Golden Gate

Caspian Foundation (Custodian) Investors Payment Units Services Energy Managers Littoral States Step One – Caspian Nondominium Investment

Step Two – Caspian gas benchmark price

Step Three – Energy Clearing Union ECO -> Eurasia -> Global

Step Four- rather than pricing oil in dollars, and gas in oil.... price dollars and oil in gas

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