Summary of The ‘Unknown Knowns’ of the Global Gas Market

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Recommendation

The behavior of global energy markets is often a harbinger of economic well-being or malaise. So the ability of policy makers and industry players to infer the “unknown knowns” that could signal significant paradigm shifts is critical. The discovery and exploitation of shale gas opportunities would seem to bear this phenomenon out. Energy expert Paolo Natali has written a thoughtful and perceptive report on the future direction of the global gas market for industry analysts, but getAbstract considers his work’s cogent insights a worthwhile read also for government officials and business executives seeking a greater understanding of the dynamics of energy markets.

In this summary, you will learn

  • How the energy industry can shape economic change,
  • How a predictive tool can have practical implications for the global gas markets and
  • What “unknown knowns” may point to future developments in the natural gas market.
 

About the Author

Paolo Natali, a strategy advisor at Statoil, teaches at the Paris School of International Affairs.

 

Summary

The rapid pace of global economic change makes forecasting trends in energy markets difficult. A conceptual framework that recognizes the existence of “things that we don’t know we know” may hold important predictive power. Such “unknown knowns,” as well as “normal accidents” – phenomena that are likely...

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