Saturday, August 05, 2006


Energy Security

The G8 conclusions on energy security for 2006 are here.

Not a lot of urgent action was agreed, for example: Since 2/3 of world oil is consumed by the transportation sector and its fuel consumption is outpacing general energy consumption we will pay special attention to this sector of energy demand.

And should a nation state, which is lucky enough to have energy, extract it as quickly as possible for the benefit of the global market (not necessarily itself)?
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