Oil and gas price spikes and the failure of California’s policy to restructure its electricity markets have created widespread uncertainty about where future energy markets are headed.  Oil, gas, and electricity prices may be more volatile than they have been. Some experts expect energy prices to trace through the upper part of a cycle that will eventually end in their sliding to lower levels.   Others have suggested that these trends may mark the beginning of a world with a greater physical scarcity of fossil fuel supplies. 

Either condition will influence energy supplies and demands in significant ways and will test not only corporate strategies for insuring against the inherent business risks but also government energy and environmental policy that target certain outcomes. Can energy experts and advisors provide guidelines or useful perspectives for companies and governments who must set strategies in a very uncertain world of energy markets?