July 2013

Spotlight – In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.”

As we all know, the world is hungry for energy. The world’s largest corporations are energy companies: ExxonMobil, Shell, BP, Statoil, Gazprom, etc. The upstream, midstream and downstream industries, including insurance, gobble up trillions of dollars in order to find, obtain and move oil, gas, coal around the world. Not to mention the renewable energy sources such as solar and wind energy. It is also true to say that countries with plenty of energy reserves can throw their weight around if they want to. Therefore, for a country to be energy self-sufficient must always be a goal if there are energy reserves it can gets its hands on. Another equally important benefit of having vast energy reserves is the reduction in the prices – as we have seen with shale gas in the United States. In the United Kingdom and other European countries, shale gas is becoming a hot topic. There are environmental concerns, poor communication and bullying. Recently, The Atlantic Magazine published an article by Charles Mann entitled “What if we never run out of oil?” which addresses some of the geo-political aspects of these new energy forms and we are very pleased to be able to publish this: http://www.theatlantic.com/magazine/archive/2013/05/what-if-we-never-run-out-of-oil/309294/ © 2013 The Atlantic Media Company, as first published in The Atlantic Magazine.  All rights reserved. Distributed by Tribune Media Services and any questions should be directed to Pia Ingberg at pingberg@tribune.com