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Volume :4 Issue : 14 1978      Add To Cart                                                                    Download

THE ENERGY PROBLEM AND ITS PROSPECTSIN THE ARAB COUNTRIES

Auther : By Dr. Fouad Al-Quadi

The objective of this research is to discuss the energy problem, its prospects and existing alternatives in the Arab World by concentrating on the following points:

-       The role of Arab oil in meeting the world energy needs until the year 2000 and the prospects of alternative energy sources.

-       To determine the options left for the Arab oil exporting countries in the near future considering the short durability of oil reserves.

-       The international confrontations with the Arab oil exporting countries and the policies to be pursued in solving them.

-       Coordination of international endeavors to solve the energy crisis.

In discussing the energy problem, the author concedes that it cannot be dealt with apart from the economic fact, and rather more within the framework of measures taken by the oil consuming industrial countries against the Arab oil producing nations, and the problems of inflation and their impact on the world monetary systems.

He concludes by suggesting that the Arab countries should adopt a conservation policy, thus reduce the rate of depletion and extend the oil era.  They should limit production of oil to world energy needs and avoid any energy crisis.  Oil revenues should be diverted into industrial projects and development for both producers and consumers, especially the developing countries.  Diversification of Arab economics should be the principal aim of such efforts and thus consolidating the economic base.  More attention should be given to agriculture in the Arab World to as 80 million hectares could be cultivated and economically exploited.  The oil countries should also support a research program in the field of alternative energy. Cooperation between producers and consumers should be fostered as regards investments and joint consumption-production programming.  As the North South dialogue failed to reach a final solution for most controversial issues of energy, trade aid, monetary reform etc., the Arab oil countries should continue dialogues aiming at transfer of technology, the creation of a new economic order, better distribution of raw materials, and assistance to developing countries in order to alleviate their development programs and raise their general living standards for the overall amelioration of the economic situation and the well being of mankind.

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May 18, 2017

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