Nick Butler is a visiting professor at King's College London and a former senior executive at energy company BP.
The last year has provided a sharp and uncomfortable wake-up call


A seized South Korean-flagged tanker is escorted by Iranian Revolutionary Guard boats on the Persian Gulf on Jan. 4: the trade routes of crude oil supplies add an inevitable element of risk. © Tasnim News Agency/AP
Nick Butler is a visiting professor at King's College London and a former senior executive at energy company BP.