Energy security and the global environment
Article from: OGEL 3 (2003), in Roundup of Articles
Following a sharp increase in crude oil prices in 1999; the ability of OPEC countries (with help from key non-OPEC exporters) to defend historically high prices (around $25/barrel) through the years 2000 to 2002; the 9/11/2001 events and their aftermath in international and especially Middle East politics; and especially the current prospects for conflict in Iraq; energy security is back on the agenda. It is now widely recognized that there is no sensible alternative, for any major importer, to trading oil with foreign partners. Even for the United States, which still ...