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Turkey’s World in the Next Decade

Turkey’s World in the Next Decade. Opening Scenario: 2012. Arab unrest has spread to oil-producing regions of several Gulf Cooperation Council countries, forcing periodic suspensions of oil production Egyptian government has abrogated its peace treaty with Israel

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Turkey’s World in the Next Decade

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  1. Turkey’s World in the Next Decade

  2. Opening Scenario: 2012 • Arab unrest has spread to oil-producing regions of several Gulf Cooperation Council countries, forcing periodic suspensions of oil production • Egyptian government has abrogated its peace treaty with Israel • Markets are growing nervous over the possible closure of the Suez Canal • Libyan oil has not come online as quickly as hoped and Algeria has production problems • United States has withdrawn from Iraq and decreased presence in Persian Gulf • Iran has emerged as a major military and political force in the region • Uncertainty over Venezuelan President Hugo Chavez’s illness has caused regime collapse • The majority of Venezuelan oil is now off the market • Oil prices have surged to more than $200 a barrel on speculation • Spot shortages in the oil market are becoming more frequent • There is no global power prepared to deal with the situation • Turkey and its neighbors must address the problem of regional energy security to maintain economic growth and regional stability

  3. Turkey/Europe

  4. Turkey Oil

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