Asia & the Pacific

This year’s Halifax International Security Forum paid respect to the 100th anniversary of the end of World War One, but in its final plenary session, Future Tense: Our World in Ten, the attention shifted to the future. How will the issues discussed throughout this year’s Forum play out over the next decade? Will democratic states be able to defend their values and institutions from growing threats like great power politics and cyber-warfare? This diverse set of panelists spoke confidently and optimistically about the resilience of democracies to withstand this challenge.

The dramatic fall of oil prices is set to jeopardize both the U.S. ambition to become a big gas exporter by the end of this decade and the long-awaited development of a global gas market.

The big international oil companies are going through a crisis little noticed by analysts and the markets. It is a crisis of results and of vision.

Simply put, the majors — companies like Exxon Mobil, Royal Dutch Shell and BP — aren’t growing. They have discovered relatively little oil in recent years despite increasing investment. They also have lost their exclusive lock on the skills that made them indispensable to oil-producing countries.

Prospects for success in establishing a WMD-free zone remain uncertain, but the stakes are too high to allow the effort to fail. Creativity, courage, flexibility, and goodwill—all of which are abundant among the people of the Middle East—are especially needed now for policy making on this issue.

"Biotechnology offers Africa a wider range of economic opportunities than the Green Revolution did. It is already being used to improve food production and establish or revive cotton production. Its economic impact is therefore likely to go well beyond the farm sector to include industrial development."

"...the oil-supply problem has become worse and energy security more complex."