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The Real Crisis Waiting for the World: Oil Problem and Energy Security

Author

Listed:
  • Serdar zt rk

    (Faculty of Economics and Administrative Sciences, Nev ehir University, 50300 Nev ehir, Turkey)

  • Ali S zdemir

    (Faculty of Economics and Administrative Sciences, Cumhuriyet University, 58100 Sivas, Turkey)

  • zlem lger

    (Institute of Social Sciences, Nev ehir University, 50300 Nev ehir, Turkey)

Abstract

It 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.

Suggested Citation

  • Serdar zt rk & Ali S zdemir & zlem lger, 2013. "The Real Crisis Waiting for the World: Oil Problem and Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 3(Special), pages 74-79.
    • Handle: RePEc:eco:journ2:2013-04-9
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    References listed on IDEAS

    as
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    2. James D. Hamilton, 2012. "Oil Prices, Exhaustible Resources, and Economic Growth," NBER Working Papers 17759, National Bureau of Economic Research, Inc.
    3. Global Energy Assessment Writing Team,, 2012. "Global Energy Assessment," Cambridge Books, Cambridge University Press, number 9780521182935.
    4. Ewing, Bradley T. & Payne, James E. & Caporin, Massimilano, 2022. "The Asymmetric Impact of Oil Prices and Production on Drilling Rig Trajectory: A correction," Resources Policy, Elsevier, vol. 79(C).
    5. Aguiar-Conraria, Luís & Wen, Yi, 2012. "OPEC's oil exporting strategy and macroeconomic (in)stability," Energy Economics, Elsevier, vol. 34(1), pages 132-136.
    6. Global Energy Assessment Writing Team,, 2012. "Global Energy Assessment," Cambridge Books, Cambridge University Press, number 9781107005198.
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    Cited by:

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    More about this item

    Keywords

    Energy Security; Oil Problem; Energy Crisis; Real Crisis; Energy Policy;
    All these keywords.

    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

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