Black gold is losing its glitter. With a century of oil wars already documented, the energy world is in a state of flux. Lifestyles are changing. Work from home is becoming common. Flying is getting less. Crude oil demand scenario is hazy.
Further, the new, emerging frontiers of oil and alternative energy are bringing about a total change in the global energy landscape. Biden and his energy outlines could have lasting impact on fossil fuel usage. Green energy is the buzz word now. Oil would still be needed decades later, yet it would not remain a strategic product. Energy rich Middle East is also changing and so is its political dynamics. Riyadh; a force of stability in the region – but – for how long? Emergence of Prince Mohammad bin Salman (MBS) on the political horizon, the Khashoggi saga, and the growing bonhomie between Riyadh and Tel Aviv and the interconnection in between.
Facilitator: Rashid Syed
Armed with a degree in business, Rashid Husain Syed is a noted energy analyst and political reporter on the Middle East, with over 25 years of experience, numerous public appearances in conferences including at the DoE in Washington and the IEA in Paris. He writes regular opinion pieces for the Globe and Mail and Toronto Star on energy and political developments in the Middle East. He has also done a few papers for the Canadian Energy Research Institute (CERI) journal, Geopolitics of Energy. BBC has used him extensively over the last 20 years. For almost 15 years kept writing a weekly column, initially for the Saudi daily Arab News and then Saudi Gazette. He kept writing on energy issues for daily DAWN of Pakistan, for almost three decades. He has been extensively quoted worldwide. One of his write-ups constituted a chapter in the book: ‘The energy crisis’ compiled by Lisa Krueger. He was cited extensively in the book, ‘The World’s a mess and it’s all your fault’ by Dr. Garry Greenhalgh.
For a considerable period, Rashid also worked as the Vice President of a leading Saudi private trading & consulting house.