in addressing – Icelandic Translation – Keybot Dictionary

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The 2011 Libya experience came just one year after the adoption of NATO’s new Strategic Concept at the Lisbon Summit, which speaks directly to a new NATO role in addressing energy security. The Strategic Concept demands that NATO “develop the capacity to contribute to energy security, including protection of critical energy infrastructure and transit areas and lines, cooperation with partners, and consultations among Allies on the basis of strategic assessments and contingency planning…”.
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The 1973 Oil Crisis inspired the creation of the International Energy Agency (IEA) in 1974, precisely to organize collective action by large oil importers to cope with oil supply disruptions and price manipulations by OPEC. The IEA has largely done the job it was created to do within the limited range of action its members have to address global supply disruptions. It was only a year ago that IEA members executed a coordinated release from their strategic oil reserves in order to try to mitigate the spike in global oil prices caused, in part, by the disruption to Libya’s oil exports to Europe during its civil war and NATO’s campaign.