The Oil and Gas Policy: How/Why the Market-Structure Influences Their Politicization

Abstract

Energy trends and international politics are fundamentely interconnected, hence energy security is an integral part of the foreign and national security policies. According to International Energy Agency, fossil fuels –oil, natural gas, and coal- provided for over 85% of total primary energy consumption of world in 2013. On the other hand, this study just compares oil and natural gas policy because of coal carries little geopolitical sensivity, despite its widespread use and critical importance in the global economy. Natural gas has become an increasingly valuable resource. For this reason, in this study will answer the question, “why natural gas is more political fuel than oil?”