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Unformatted text preview: nce the region
has huge oil wealth. In return, the region could pledge to supply oil and gas
at reliable prices for the foreseeable future, allowing a more gradual and
less disruptive transition to other energy sources (Nell, Semmler, 2007:
580). Norway could also provide an example here. If Western companies
would invest their best technological skills and expertise, the revenues from
oil sales would be partially used for repaying the “Marshal Plan” loans and
would partially go into a Development Fund, such as was the case with
Norway77 and Alaska. The Development Fund would be devoted
exclusively to social infrastructure, public utilities, education, health, etc.
The present oil crisis, when oil approached USD130/barrel in May
2008 (13 times more expensive than 10 years ago, when it was at USD
10/barrel), requires concrete action. There is an urgent need to influence
both the speed and direction of innovation and technological change. But
innovation involves deep changes and meets intens...
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This document was uploaded on 03/30/2014.
- Summer '14