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Environmental Challenges and the Post-Fossil Fuel Era 3 T. Nejat Veziroglu ENERGY OUTLOOK AND TRENDS 1 The New Geopolitics of Oil 17 Michael C. Lynch 2 The Future of Energy: Are We Moving Towards a Hydrogen Economy? 47 David Hart INTERNATIONAL ENERGY POLICIES 3 Energy Policies in Asia 77 Ken Koyama 4 Energy Policies in the European Union 109 Giacomo Luciani MANAGING RISK AND UNCERTAINTY 5 Oil Price Volatility: Supply, Demand and Speculation 133 Robert J. Weiner 6 Managing Risk and Uncertainty in the Energy Sector: Towards Economic Diversification in the Gulf 149 Jean-Francois Seznec Concluding Remarks 165 T. Nejat Veziroglu Contributors 171 Notes 177 Bibliography 207 Index 221