Resource title

Measuring energy security: a conceptual note

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Resource description

Along with the oil price, concerns about the security of energy supply have soared once again in recent years. Yet, more than 30 years after the OPEC oil embargo in 1973, energy security still remains a diffuse concept. This paper conceives a statistical indicator that aims at characterizing the energy supply risk of nations that are heavily dependent on energy imports. Our indicator condenses the bulk of empirical information on the imports of fossil fuels originating from a multitude of export countries as well as data on the indigenous contribution to the domestic energy supply into a single parameter. Applying the proposed concept to empirical energy data on Germany and the U.S. (1980-2004), we find that there is an inter-temporally increasing gap in the energy supply risk between both countries, with Germany suffering much more from a tensed energy supply situation today than the U.S.

Resource author

Manuel Frondel, Christoph M. Schmidt

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26817

Resource license

Adapt according to the presented license agreement and reference the original author.