Publication

High petrol prices and increasing instability in the Middle East have moved the topic of energy security into the center of international debates. It is widely believed that the scarcity and high cost of energy can create recession and global tensions. It is true that the industrial societies of the West must adapt in the long term to the post-oil period. Until then, however, both consumer states and producers have an interest in maintaining the stability of the global market; a “war for resources” between the oil-hungry superpowers is unlikely.