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Sigríður Mogensen, Director of Industry and Intellectual Property at the Confederation of Icelandic Industries, warns that the country is being naive and cautious about the current global energy situation. She believes it is unlikely that the oil crisis will not have an impact in Iceland. “There are red warning lights flashing all around us.” Sigríður points out that Icelandic society is largely dependent on oil, or about 40 percent of the econo…
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