Natural Resources Management

Op-Ed

OPEC is Irrelevant

Author: David G. Victor
Newsweek

In contrast to conventional wisdom, OPEC's actions tend to lag behind fundamental changes in oil supply and demand rather than lead them. In this Newsweek Web Exclusive, David Victor argues that blaming high oil prices on OPEC won't have much impact. Real solutions should be focused on demand.

See more in Middle East, Natural Resources Management, International Organizations

Primary Sources

L’Aquila Joint Statement on Global Food Security

We, Heads of State, Government and International and Regional Organizations convened in L'Aquila, remain deeply concerned about global food security, the impact of the global financial and economic crisis and last year's spike in food prices on the countries least able to respond to increased hunger and poverty. While the prices of food commodities have decreased since their peak of 2008, they remain high in historical terms and volatile. The combined effect of longstanding underinvestment in agriculture and food security, price trends and the economic crisis have led to increased hunger and poverty in developing countries, plunging more than a further 100 million people into extreme poverty and jeopardising the progress achieved so far in meeting the Millennium Development Goals. The number of people suffering from hunger and poverty now exceeds 1 billion.

See more in Natural Resources Management, Food Security