September 2007

Columns

HPIn Europe: On seeking energy 'security'

I have to admit that I have problems with the concept of "security of demand." If you build a large, efficient production plant, you'll probably be justified in calling for the market to be able fre..

Wright, Tim L., Hydrocarbon Processing Staff

I have to admit that I have problems with the concept of "security of demand." If you build a large, efficient production plant, you'll probably be justified in calling for the market to be able freely to choose your products. Yet, it seems sensible that, at times, governments will incentivize other choices if the net long-term result would threaten the general good. We learned that lesson from lead in gasoline, didn't we? These days, some wise suppliers make it their practice to take into account the full range of stakeholders, include them where possible and even run an open book with customers. Not so the OPEC oil-producing nations. They simultaneously keep the world in the dark o

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