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Open Think Tank Articles

January 20, 2009 | Cheap Oil Creates Long-Term Global Energy Risks

James Cricks: A strategic examination of the recent oil decline reveals long-term challenges created by a depressed environment. As the International Energy Agency (IEA) warned recently, massive investments are needed to keep global oil supplies from declining as long-term demand for oil increases.

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April 7, 2008 | The $100 Barrel: Long Term Gains, Short Term Costs

Memo 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.

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Global Must Read Articles

February 28, 2011 | Oil Shock: 2011

Moammar Gadhafi, Libya’s erstwhile leader has begun sabotaging oil facilities in an effort to sow chaos. ++ Despite an increase in Saudi production to make up the shortfall, oil analysts are worried about what will happen in the mid term, as the writing is on the wall for many regimes across the region. ++ As we have seen, reform is often a catalyst for revolution rather than a substitute for it.

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June 25, 2009 | Green Revolution Can Overthrow Iran's Oppressors

The only way to deal with Iran’s theocratic dictatorship is investing in renewable energy. ++ US President Barack Obama should enhance his efforts to end America’s reliance from Iranian fuel. ++ It is “the one thing we could do without firing a shot.” ++ Western economic sanctions would hit Tehran harder, if oil prices were low. ++ Iranian leaders would have to encourage their people to innovate

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December 19, 2008 | "Empires of the Future"

Barack Obama, financial crisis, resurgent Russia, G20, Western decline, climate change - in the season of global predictions, current discourse is driven by these and other such catchwords. ++ Yet, predictions from December 2007 were of little value: none predicted the financial collapse, none an Obama victory, nor any vastly fluctuating oil prices or governments’ failure to keep pace with global

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September 17, 2008 | End the Blackmail of the Strong by the Weak

Oil prices have tripled in the last seven years and if they continue to rise, it may have profound political consequences. ++ Oil-consuming nations shouldn’t become hostages of the oil-producing countries – they must “end the blackmail of the strong by the weak.” ++ Reducing the price of oil by eliminating the speculative pressures behind price rises must be the paramount

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August 25, 2008 | The US Can no Longer be the Importer of Last Resort

At 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

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August 22, 2008 | An Attack on Iran Would Backfire

A 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

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July 10, 2008 | China's Growing Economy Might Bust the Oil Bubble

Economists 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.

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June 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

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June 9, 2008 | Tourism and Climate Change: The Guilty Gain

International 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,

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May 29, 2008 | Missing Points in the Fuel Price Debate

In 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

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May 16, 2008 | The Future Should be Energy Efficient

Growing 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

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January 10, 2009 | Thank you, Mr. Stadler, or Donald, if I may....

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