Oil Supply Security 2004: Does the Song Remain the Same? by Michael C. Lynch

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01/25/2010

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This article looks at the issue of oil supply security and is based on a presentation given to the International Energy Agency/Organization of Petr... (More) This article looks at the issue of oil supply security and is based on a presentation given to the International Energy Agency/Organization of Petroleum Exporting Countries (IEA/OPEC) Seventh Energy Experts’ Meeting in Bangkok, Thailand (2004). The events in 2003 prompted a number of Asian governments to develop their own strategic oil stockpiles as well as to consider other energy security policies. This paper is written to provide some background to help guide these policies. The author presents a history of oil supply security issues and subsequent policy responses. Other topics covered include: supply volatility, transnational pipeline vulnerability, the decline of OPEC’s surge capacity, and downstream vulnerability.(This paper by Michael C. Lynch, “Oil Supply Security 2004: Does the Song Remain the Same?” was published as Occasional Paper 38. Boulder, Colorado: The International Research Center for Energy and Economic Development, 2004. ISBN 0-918714-64-8). (Less)