Next Article in Journal
A Comparison of the Influence of Kraft Lignin and the Kraft Lignin/Silica System as Cell Carriers on the Stability and Efficiency of the Anaerobic Digestion Process
Next Article in Special Issue
Reactive Power Optimization and Price Management in Microgrid Enabled with Blockchain
Previous Article in Journal
Study of the Radar Cross-Section of Turbofan Engine with Biaxial Multirotor Based on Dynamic Scattering Method
Previous Article in Special Issue
The Financing of Renewable Energy Sources and the Level of Sustainable Development of Poland’s Provinces in the Area of Environmental Order
Open AccessArticle

Energy War Strategies: The 21st Century Experience

1
Department of Economics and Business Administration, Center for Development Economıc Research, Azerbaijan State University of Economics (UNEC), Baku AZ1001, Azerbaijan
2
Davis Center for Russian and Eurasian Studies, Harvard University, Cambridge, MA 02138, USA
3
Department of Information Management Systems, Faculty of Management, Czestochowa University of Technology, 69, 42-200 Czestochowa, Poland
4
Azerbaijan Energy Research Institute, Baku AZ1000, Azerbaijan
5
Department of Economic Security and Risk Management, Financial University under the Government of the Russian Federation, 125993 Moscow, Russia
*
Author to whom correspondence should be addressed.
Energies 2020, 13(21), 5797; https://doi.org/10.3390/en13215797
Received: 5 October 2020 / Revised: 30 October 2020 / Accepted: 2 November 2020 / Published: 5 November 2020
(This article belongs to the Special Issue Financial Development and Energy Consumption Nexus)
The purpose of this study was to identify the potential initiators of energy wars and determine their boundaries of influence through the prism of energy dependency. The study also evaluated the impact of energy resources on the economic development of 48 countries. The development priorities of those countries were substantiated through establishing the linkage between energy intensity and indicators reflecting the impact of energy resources on economic development. The study offered an energy dependence matrix, which shows which market players can actively participate in energy wars. Using data from the matrix and integrative analysis of energy dependence indicators, the energy dependence forecast was made. The forecast presents optimistic, realistic, and pessimistic scenarios for the short-term (up to 2025) and long-term (up to 2030) impacts of energy wars. The study proposes a novel approach to assessing the impact of energy wars, which implies that the consequences of energy-induced conflict should be evaluated based on forecasted and threshold values. The major threat to the global energy market was found to be political instability in energy-rich countries. The proposed methodological approach is suitable for all groups of countries and allows preventing negative consequences of energy wars through minimizing the level of energy dependence. View Full-Text
Keywords: threshold of energy dependence; energy resource; energy security; energy dependence matrix; management threshold of energy dependence; energy resource; energy security; energy dependence matrix; management
Show Figures

Figure 1

MDPI and ACS Style

Hajiyev, N.; Smoląg, K.; Abbasov, A.; Prasolov, V. Energy War Strategies: The 21st Century Experience. Energies 2020, 13, 5797. https://doi.org/10.3390/en13215797

AMA Style

Hajiyev N, Smoląg K, Abbasov A, Prasolov V. Energy War Strategies: The 21st Century Experience. Energies. 2020; 13(21):5797. https://doi.org/10.3390/en13215797

Chicago/Turabian Style

Hajiyev, Nazim; Smoląg, Klaudia; Abbasov, Ali; Prasolov, Valeriy. 2020. "Energy War Strategies: The 21st Century Experience" Energies 13, no. 21: 5797. https://doi.org/10.3390/en13215797

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop