The uprising and military confrontation in Libya that began in February 2011 has led to a disruption of the country’s gas exports to Europe. An analysis of how Europe has compensated for these missing gas volumes shows that the disruption has not affected security of supply. However, this...

Shortages of fuels and raw materials had been pre dicted for the world not before the turn of the century, and even experts were surprised that a situation of general undersupply arrived so soon. As there is little scope for substitution, and the currency system of the world is in peril,...