The Real Crisis Waiting for the World: Oil Problem and Energy Security
AbstractIt can be said that the global crisis in the world in 2008 deeply affected all states and changed almost all balances. Such crises experienced in the world during this period and possible same crises in the future are important. However, such crises have monetary solutions although they have resulted in serious destruction of economic and social structures of the countries. Nevertheless, if the necessary measures are not taken, a more serious crisis will arise in a future not too far from now. The difference of this crisis that will arise compared to the former ones is that there won’t be a monetary solution for it. Continuous growth in the increase of energy consumption in the world is an inevitable problem. This situation makes many countries around the world face the problem of energy independence and energy security. In this study, the classification and characteristics of energy sources will be discussed first. Then, energy independence and security problem created by termination of energy sources and their being under control of specific countries will be examined by comparative analysis method based on statistical data.
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Bibliographic InfoArticle provided by Econjournals in its journal International Journal of Energy Economics and Policy.
Volume (Year): 3 (2013)
Issue (Month): Special ()
Pages: 74 - 79
Contact details of provider:
Web page: http://www.econjournals.com
Energy Security; Oil Problem; Energy Crisis; Real Crisis; Energy Policy;
Find related papers by JEL classification:
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Luís Francisco Aguiar & Yi Wen, 2011.
"OPEC´s Oil Exporting Strategy and Macroeconomic (In)Stability,"
NIPE Working Papers
10/2011, NIPE - Universidade do Minho.
- Aguiar-Conraria, Luís & Wen, Yi, 2012. "OPEC's oil exporting strategy and macroeconomic (in)stability," Energy Economics, Elsevier, vol. 34(1), pages 132-136.
- Luís Aguiar-Conraria & Yi Wen, 2011. "OPEC’s oil exporting strategy and macroeconomic (in)stability," Working Papers 2011-013, Federal Reserve Bank of St. Louis.
- Apergis, Nicholas & Payne, James E., 2012. "Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model," Energy Economics, Elsevier, vol. 34(3), pages 733-738.
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