Skip to 0 minutes and 8 secondsIn the 21st century the global energy system is undergoing revolutionary changes again. Why are oil prices low today after two decades of high oil prices? What are economic and political implications of current low oil prices? Is US shale oil production sustainable? What will be the impact of the Paris Climate Agreement in December 2015 on the global energy system? Welcome to Global Resource Politics. I am Younkyoo Kim. I am a professor in the Division of International Studies at Hanyang University in Seoul, Korea. This course will analyze the political economy of the global energy industry, markets and security. and the final goal of this course is to answer the questions posed above. Plunging oil prices are hurting the global economy!
Skip to 1 minute and 11 secondsShale oil has risen as an arch rival to OPEC’s conventional oil! America’s unconventional shale oil has broken up OPEC’s grip on the oil market. The rise of US shale oil has caused the oil price collapse! The themes will revolve around the complex interaction between the economics and politics of global energy markets. The course then turns to the concept of energy security and the politics of energy policy in today's highly politicized and volatile energy markets. Are these too complicate to understand? You don't have to worry! I'm going to walk you through all of these issues step by step and issue by issue.
Skip to 2 minutes and 2 seconds Through this course we are going to develop a more in-depth understanding of these themes through an examination of the major countries, regions, institutions, and political and economic forces in today's world energy scene, including the U.S., Europe and Japan, OPEC and the major oil producing countries, China and developing Asia, Russia and Eurasia, and Latin America. Are you ready? Let’s start diving into the rapidly changing energy market of the 21st century.