• Sign In / Register
  • Help
  • Basket0
European Energy Studies, Volume 4: Security of Oil Supplies: Issues & Remedies (Hardback)
  • European Energy Studies, Volume 4: Security of Oil Supplies: Issues & Remedies (Hardback)
zoom

European Energy Studies, Volume 4: Security of Oil Supplies: Issues & Remedies (Hardback)

(author)
£76.00
Hardback 175 Pages / Published: 01/01/2013
  • We can order this

Usually despatched within 2 weeks

  • This item has been added to your basket

Oil has always been identied as a `strategic' commodity, and attracted the interest of governments. This interest has frequently been articulated in terms of `control' or `security of supply'-terms whose exact meaning is seldom clearly defined. Increased dependence on oil from the Gulf-today sometimes dubbed an `addiction'-accentuated the security profile of oil. The possibility of an interruption of oil supplies was considered to have potentially catastrophic consequences for the industrial countries. However, the international oil market has always proven to be resilient and efficient in redistributing flows of available oil to satisfy demand. Oil has very much behaved as a transparently traded commodity, which any party can get for the going price. This book examines the potential threats to security of oil supplies: resource nationalism, political instability, international and domestic armed conflict, and terrorism or insurgency. A separate chapter is devoted to maritime choke points, such as the Strait of Hormuz. Through detailed analysis of historical experience, it is shown that the international oil industry has shown much greater resilience and flexibility than is normally acknowledged. The use and impact of strategic stocks as a tool to face potential crises is discussed, and the ambiguous boundary between strategic and intervention stocks explored. The tendency of the international oil market in its current configuration to exaggerate price fluctuations is shown to be a main component of the perception of insecurity that is associated with oil supplies. Potential policy initiatives to correct or limit such `market insecurity' are proposed.

Publisher: Claeys & Casteels Publishers BV
ISBN: 9789081690485
Number of pages: 175
Weight: 567 g
Dimensions: 170 x 240 mm

You may also be interested in...

Life in the UK Test: Handbook 2018
Added to basket
Company Law in Context
Added to basket
The Wind in My Hair
Added to basket
The Daily Telegraph Tax Guide 2018
Added to basket
Life in the UK Test: Study Guide & CD ROM 2018
Added to basket
Red Card
Added to basket
£16.99   £14.99
Hardback
The Secret Barrister
Added to basket
£16.99   £13.99
Hardback
I Let Him Go
Added to basket
£8.99   £6.99
Paperback
In Your Defence
Added to basket
£16.99   £10.99
Hardback
East West Street
Added to basket
£9.99
Paperback
Rather His Own Man 2018
Added to basket
The Greatest
Added to basket
£9.99
Paperback
Punch and Judy Politics
Added to basket
Cops and Robbers
Added to basket
£20.00
Hardback

Reviews

Please sign in to write a review

Your review has been submitted successfully.