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Events
Professional Work Exchange for Enhanced Policy Dialogue Program December 19, 2014 /

The Balkan Trust for Democracy (BTD) held a three day launch event beginning on December 3 for the second round of the Professional Work Exchange for Enhanced Policy Dialogue Program, which will take place between January and March 2015.

Audio
Want, Waste or War? A Conversation About the Global Resource Nexus December 19, 2014

The 2011-2012 fellows of the Transatlantic Academy held a book launch on December 10 for Want, Waste or War? The Global Resource Nexus and the Struggle for Land, Energy, Food, Water and Minerals, based on the 2012 report of the Academy and published by Routledge in November.

A Transatlantic Talk with David McAllister December 09, 2014

On Tuesday, December 2, 2014, the GMF hosted David McAllister, member of European Parliament and chairman of the delegation for relations with the United States, for the fourth installment of its Transatlantic Talks to discuss the dynamics of EU-U.S.

Mideast Protests Drive Up Oil, Threaten Recovery February 01, 2011 / Bruce Stokes
Fiscal Times


With oil prices soaring past $100 a barrel on Monday, thanks to growing uncertainty about stability in the Middle East, the somewhat distant, feel-good, democracy-awakening story coming out of Egypt suddenly took on a more ominous, economic tone that could hit Americans where it hurts most — their wallets.

The prospect of significantly higher costs for driving, heating and running factories raised the specter of an economic slowdown just as the U.S. economy has been showing signs of finally recovering from the Great Recession. Of even greater danger, rising energy prices threaten to sap growth in Europe, where recovery is shallower, but even more urgently needed as the euro zone struggles to contain a sovereign debt crisis. A new recession in Europe, the world’s largest economic area, would send the dollar higher, dooming President Obama’s goal of creating desperately needed jobs by doubling U.S. exports by 2015.

The immediate threat of runaway oil prices remains slim. Egypt is an insignificant player in world oil trade and global petroleum stocks appear adequate to weather a prolonged storm. They currently stand at 145 days of imports. The International Energy Agency in Paris thinks 90 days are needed for market stability.

But oil spot markets are notoriously volatile. The price of a barrel of Brent crude oil, the global benchmark, has risen 44 percent since August, beginning its assent long before the turmoil in Tunisia, Algeria and now Egypt, driven by expectations of rising demand as the world economy improves.

For full article, please visit the Fiscal Times