The 10 biggest energy risk management disasters of the past 20 years


"Those who cannot remember the past are condemned to repeat it," wrote Spanish-born US philosopher George Santayana in 1905. Since then, his aphorism has often been quoted by essayists and newspaper columnists seeking to remind political leaders about the lessons of history.

But Santayana's words are also useful advice for energy risk managers. For the history of energy risk management is full of episodes in which a promising strategy went terribly wrong, embarrassing the companies involved and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: