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Past episodes of energy insecurity have been fleeting and the fears have been assuaged by market forces or technical change. This paper analyses the nature of the EU's current energy security problems, emphasising the increased importance of natural gas and high level of dependence on Russian...
Persistent link: https://www.econbiz.de/10008633084
supplier of natural gas to the EU. The Russian gas company Gazprom plays a key role in Eastern Europe and is also gaining … gas trade and currently has few alternatives to exporting to the EU. Model calculations by DIW Berlin show that Europe can … offset a complete suspension of Russian supply. To further increase supply security in Europe in the medium term, it will be …
Persistent link: https://www.econbiz.de/10010896090
energies as part of its energy and climate strategy. Erdgas leistet einen wichtigen Beitrag zur europäischen Energieversorgung … supplier of natural gas to the EU. The Russian gas corporation Gazprom is gaining importance in Eastern Europe, and … natural gas trade. It currently has few alternatives to exporting to the EU. Model calculations by DIW Berlin show that Europe …
Persistent link: https://www.econbiz.de/10011128253
US shale gas production is generally expected to continue its fast rise. However, a cautious evaluation is needed. Shale gas resource estimates are potentially overoptimistic and it is uncertain to which extent they can be produced economically. Moreover, the adverse environmental effects of...
Persistent link: https://www.econbiz.de/10010713918
Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...
Persistent link: https://www.econbiz.de/10008727286
states. This in turn directly affects Europe’s energy supply security and threatens to engulf Europe in unwanted hostilities … at home and abroad. The study addresses seven issues including the evidence suggesting that a curse exists among Europe … public administrations and institutions and found that Europe’s successful implementation of similar past programs could be …
Persistent link: https://www.econbiz.de/10005835694
This article explores the main features of outward foreign direct investment by Russian corporations and some of the implications of their recent rise to global prominence for the theories of international investment. Surprisingly, lower middle-income Russia is a net capital exporter, and some...
Persistent link: https://www.econbiz.de/10004985657
In 1990, Iraq invaded Kuwait, touching off an economic, financial, diplomatic, and military crisis associated with a tremendous spike in oil prices and recession in OECD and oil-importing developing countries. But was the Gulf Crisis a disruption? Did it affect the fabric of oil trade? To...
Persistent link: https://www.econbiz.de/10005589992
The State may tax the extraction of a public natural resource in different ways. I consider the relative performances of a fixed fee, an ad valorem tax and a rent tax when the State must receive a minimal revenue for exploitation to take place. Taxing the resource may lower the probability that...
Persistent link: https://www.econbiz.de/10010776432
We build a theoretical framework that allows for endogenous conflict behaviour (i.e., fighting efforts) and for endogenous natural resource exploitation (i.e., speed, ownership, and investments). While depletion is spread in a balanced Hotelling fashion during peace, the presence of conflict...
Persistent link: https://www.econbiz.de/10010588200