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  • Author: Giacomo Luciani, François-Loïc Henry
  • Publication Date: 06-2011
  • Content Type: Working Paper
  • Institution: Centre for European Policy Studies
  • Abstract: Holding strategic oil stocks is at first sight an obvious tool to address potential disturbances in supplies. Rationally defining the desirable size of stocks and designing rules for their predictable use is an elusive task, however. A key conceptual difficulty arises in the distinction between commercial and strategic stocks, because a physical shortfall in the oil supply will inevitably lead to an increase in prices. But if strategic stocks are utilised when prices increase they become indistinguishable from commercial stocks. This paper reviews the legislation in force in the US and the EU on the use of strategic oil stocks as well as the emergency response systems of the International Energy Agency. It finds that such measures have been activated rarely and in dubious circumstances. Alternative approaches are proposed consisting of encouraging companies and major consumers to hold larger stocks and seeking a cooperative agreement with oil-producing countries for mutually beneficial stock management.
  • Topic: Security, Energy Policy, Markets, Oil
  • Political Geography: United States, Europe
  • Author: Didier Bigo, Jeremy Shapiro, Andrei Fedorov
  • Publication Date: 10-2004
  • Content Type: Working Paper
  • Institution: Centre for European Policy Studies
  • Abstract: In the oral presentation of their papers, Didier Bigo, Jeremy Shapiro and Andrei Fedorov generally highlighted their respective region's specificities rather than dwelling on the elements of commonality. Although this was in part a consequence of the European Security Forum's modus operandi – with its differentiated European, American and Russian perspectives, rarely in our meetings has the contrast been so clearly highlighted.
  • Topic: Security, Foreign Policy, Terrorism
  • Political Geography: Russia, United States, Europe, Asia
  • Author: François Heisbourg, Klaus Becher, Alexander Pikayev, Ivo H. Daalder
  • Publication Date: 05-2001
  • Content Type: Working Paper
  • Institution: Centre for European Policy Studies
  • Abstract: European NATO countries have been spectators to the debate about defending the US against ballistic missile attacks. While there have been national differences in Europe's reactions to the national missile defence (NMD) programme, it is obvious that most Europeans don't like it. The French seem somewhat more convinced than others that missile defence is inherently foolish and unworkable. Some British experts seem to insist more than others that any programme that might undermine NATO's nuclear deterrence and strategic unity should be avoided. And perhaps Germans, more than others, worry about perceived dangers to the ABM and other arms control treaties, and generally about relations with Russia. Most Europeans at present believe that US defence against long-range ballistic missiles is a slap in the face for Russia, a dangerous provocation for China and an inadequate response to the proliferation of weapons of mass destruction (WMD) and missile technology.
  • Topic: Security, Defense Policy, NATO, Terrorism
  • Political Geography: Russia, United States, China, Europe, Germany