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Zarządzanie i Finanse
|
2012
|
vol. 1
|
issue 2
303-314
EN
The aim of this paper is to discuss the impact of natural gas market liberalization on gas companies’ business models and the adoption of marketing orientation and client-focused approach. Main effects of market liberalisation are described as well as the milestones for creation of a single European gas market. A case study of leading British energy company Centrica serves to illustrate successful business model.
EN
The paper analyses the status and importance of natural gas for the overall development of the world economy with application to the EU. It acknowledges that rapid depletion of all other energy sources represents a significant alternative, the disposable reserves of which might considerably contribute to satisfaction of energy needs in the EU. The authors examine major features determining economic utility of gas: structure and volume of extraction and consumption, specificities of its sales and pricing policy. They emphasize idiosyncrasies in crude oil trading as well as its ever stronger position in energy and heat production while regarding coordination of energy policy and strengthening the negotiating potential vis-a-vis major natural gas suppliers as the most effective way of satisfying the Union's energy needs.
EN
This article analyzes the current state of the mineral resources of the U.S. base, structural changes in the mining sector in the U.S., to study the main trends and prospects of commodity dependence, issues related to the implementation of the policy of diversification of sources of energy raw materials, as well as questions aimed at reducing energy intensity of U.S. GDP. The article presents data on the resource base, the dynamics and projections of production, imports, parallel to the existing energy bases – internal and external, research the main macro-economic activities to determine the level of energy security, the reasons for the reduction of fuel imports from the Middle East and at the same time slacken one's pace of development the mining industry in the United States itself. The fuel imports reduction can’t guarantee of energy security until as the U.S. economy is not to choose the road for energy efficiency and alternative energy sources. The problem solution to achieve via a three interrelated goals the long-term energy policy, namely the reconstruction of all components the energy infrastructure, and the transition to a more economical use of primary energy resources, expanding the profitable use of alternative energy sources.
EN
Crude oil and natural gas, as energy carriers forming the basis of European Union countries energy mix, are nowadays at the heart of policy measurements aiming at lowering their consumption with respect to environmental and security threats associated with them. In this article we used Granger causality test in order to examine whether there exists the possibility of negative consequence related to the implementation of such policy for economic development of the EU countries. Based on results we conclude the persistence of continuing existence of environmental risks in relation to restarting economic growth. The absence of more significant influence of oil and gas consumption on economic growth can be perceived positively.
EN
The study aims to present the relationship between the abundance of raw materials and the dynamics of economic growth on the example of Russia. The wealth of raw materials is generally believed to translate into the wealth and prosperity of society. However, the potential of raw materials is not always reflected in economic growth, as the example of Russia confirms. Although the country has substantial deposits of oil and the world’s largest gas reserves, its development remains at a relatively low level as measured by per capita GDP. It turns out that a monoculture of raw materials sometimes impedes economic and social policy, and can cause economic stagnation, passivity and a lack of initiative. The article shows the potential of the energy resources in the USSR and the Russian Federation (RF), its role in the economic development of the country and the RF’s foreign policy as well. Focus is placed on economic strategy with regard to the oil and gas sector and the resulting consequences for Russia, and the opportunities and threats to economic and social policy that result from the ownership of oil and gas. The article also examines how the management of revenue flows from sales of oil and gas, the changes that have taken place in Russia on energy boom as a result of the collapse on the energy market in 2008 and the effectiveness of the tactics chosen by the government. The article concludes with a presentation of measures Russia could take to increase the efficiency of its economy and the influx of petrodollars for rational land use in the future, for the sake of the country’s long-term and sustainable development.
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