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electricity shortages caused by demand outpacing infrastructure have already triggered rare protests in at least one province. 233
Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 AT: Squo Solves 234 Oil DDW 2012 1 Current renewables and price manipulation won’t deal with Saudi
Lahn, Research Fellow for Energy and Development at Chatham House and Stevens, Senior Research Fellow for Energy at
Chatham House and Emeritus Professor at Dundee University, 11
Glada Lahn, Research Fellow for Energy and Development at Chatham House and Paul Stevens, Senior Research Fellow for Energy
at Chatham House and Emeritus Professor at Dundee University, 12-11, [“Burning Oil to Keep Cool The Hidden Energy Crisis in
www.chathamhouse.org/publications/papers/view/180825] E. Liu
This report has examined the problem of excessive consumption of fossil fuel in Saudi Arabia. As it is the world’s largest exporter of
oil and the only one capable of using its spare capacity to stabilize global oil markets, this problem has global as well as domestic
ramifications. Business-as-usual simulations show that the country’s current trajectory is unsustainable, economically and politically.
They also signal problems for the wider global economy, which, still being largely oil-dependent, will suffer if Saudi Arabia ceases to
maintain a sufficient amount of export capacity. That a growing share of the country’s own hydrocarbons production is being devoted
to domestic needs is largely due to a history of very low energy prices. As noted with reference to international examples, any effort to
conserve fossil fuels is severely constrained while prices remain so low. Our analysis has shown that current government policies and
targets are not enough. The addition of planned nuclear and renewables will not fill the demand gap in time. Raising the price of
energy is the most obvious means of restraining consumption, but this risks being stalled or undermined by lack of public support or
by powerful opposition from key groups that benefit from the status quo. Several countries have attempted price rises and other
measures to smooth these reforms, particularly during the oil price spike of 2008 when countries that have to import oil products
suffered from higher bills. Their experiences might be useful for Saudi Arabia, which is just beginning to address these issues,
especially as it has no time to lose by making the same mistakes. 235
Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 ***Russia Aff*** 236 Oil DDW 2012 1 Modernization Turn 237
Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 Turn – high oil prices cause Russian modernization – price drops de-escalate
Bennet 4/4/12 [John T. Bennet, foreign policy contributor to the Chicago Tribune,
Putin made a...
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This note was uploaded on 01/30/2013 for the course ECON 101 taught by Professor Burke during the Spring '13 term at Southern Arkansas University.
- Spring '13
- The American, Saudi Arabia, Peak oil, Nuclear weapon, Oil prices