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The Myth of Green Energy Security

COPENHAGEN – Turmoil across the Middle East and Northern Africa has refocused attention on the impact that political tensions or interference can have on the price and availability of energy imports. Against consumer fears of gas-price hikes, energy security ranks high on many Western governments’ policy agendas.

Of course, this is hardly a new phenomenon: Europe started trying to build up its energy reserves back in the 1960’s. Likewise, every American president since Richard Nixon in the early 1970’s has tried, and failed, to reduce dependence on foreign oil.