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All items tagged oil pricesOpen Think Tank ArticlesApril 7, 2008 | The $100 Barrel: Long Term Gains, Short Term CostsMemo 5: Members of the Atlantic Community are more concerned about the short term consequences than the potential long term benefits of the current high oil price. ... MoreGlobal Must Read ArticlesAugust 25, 2008 | The US Can no Longer be the Importer of Last ResortAt the moment when most of the industrial world is in or near recession, a lot of global economic momentum comes from authoritarian regimes that concentrate on accumulating wealth rather than on raising the standard of life of their people. ++ Rising prices of oil are causing a substantial flow of capital from the emerging countries to the industrial ones. ++ With the economic slowdown it ... MoreAugust 22, 2008 | An Attack on Iran Would BackfireA strike on Iran’s nuclear facilities, whether by the US or Israel, is a disastrous idea. ++ If Iran is attacked oil prices may rise to $200 a barrel which would be a hard hit for the global economy. ++ Iranian nuclear facilities are too widely dispersed to be fully destroyed by warplanes, which means an attack would only delay the progress towards getting a bomb; it is also likely to harden ... MoreJuly 10, 2008 | China's Growing Economy Might Bust the Oil BubbleEconomists are baffled why higher oil prices and higher demand has not lead to higher production. ++ The answer is: the “China bubble.” ++ Oil producing countries are leaving oil in the ground, in hopes that China’s consumptions and readiness to pay higher prices will increase over time. ++ Low US interests rates deter further drilling, as invested US Dollars are less lucrative. ... MoreJune 18, 2008 | Are Second Generation Biofuels a Curse or a Blessing?In the debate regarding climate change and the shortage of fossil fuels, biofuels were for a long time considered to be the ideal solution. However recently, they have increasingly come under fire. Critics denounce the fact that through production of ethanol and biodiesel, the foodstuffs which are urgently needed in poor countries end up in the gas tanks of Western cars. In addition, the ... MoreJune 9, 2008 | Tourism and Climate Change: The Guilty GainInternational tourism is undergoing very rapid changes. New travelling habits, an increased awareness of price, short notice and short term holidays - and the wish for more flexibility and individuality as well as rising energy prices are constantly creating new challenges for the tourism industry. Unpredictable incidents have added to this: terrorist attacks (New York, Bali, Djerbra, Morocco, ... MoreMay 29, 2008 | Missing Points in the Fuel Price DebateIn the current discussion about the response to high fuel prices one point was missed: the world is producing one barrel of oil for every three we consume. ++ Although the price of petrol has increased by 4.7% a year, in real terms the price of cars is now 40% cheaper than 18 years ago. ++ Devising appropriate offsetting fiscal, monetary and energy policies will become more difficult. ++ Our ... MoreMay 16, 2008 | The Future Should be Energy EfficientGrowing oil prices and diminishing supplies of natural resources increasingly give rise to doubts regarding the long-term stability of an economy that relies on fossil fuels. The underlying assumption of pessimistic analyses based on the “peak oil” theory is that oil production reached its highest level long ago and will decline continuously from now on - while demand keeps growing. This means we ... More |
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