Measuring Energy Security : Trends in the Diversification of Oil and Natural Gas Supplies

We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies has increased steadily. We document the cross-country heterogeneity in the extent of diversification. We also show how the extent of diversification changes if account is taken of the political risk attached to suppliers; the size of the importing country; and transportation risk.
Publication date: February 2011
ISBN: 9781455217878
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Economics- Macroeconomics , Economics / General , International - Economics , oil and natural gas supplies , gas supplies , oil supplies , energy source , crude oil , oil production , gas production , coal , oil supply , fuel source , petroleum products , oil exporters , oil products , oil sands , gas market , gas reserves , lead , oil prices , fuel sources , gas marke

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