Energy Security

Achieving Energy Security in an Interdependent World
Oil is essential to fuel economic growth. But its supply is volatile, subject to short-term interruptions as well as longer-term lapses in the rate of supply development. As a consequence, any lapses carry with them substantial economic costs and give rise to concern over “oil security.” In the past, these prospects led to government attempts to preserve US “energy independence” via a number of policies designed to insulate itself from world markets. Some are now calling for a repeat of this experience. However, such past efforts were abysmal failures, which aggravated rather than solved these problems, before being quickly abandoned. Today a return to such policies would be even more futile. Sustaining modest economic growth worldwide for the next several decades will require massive new investments in oil and gas.

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How Much Oil is Left?
Here are several viewpoints on the world's remaining oil supplies:

"Are We Running Out of Oil?"
Ed Porter, API


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File Size: 292 KB | Date: December 1995 | License: Free

Long-Term World Oil Supply Scenarios
U.S. Energy Information Administration, John H. Wood, Gary R. Long, David F. Morehouse
August 18, 2004

Peak Oil Theory – “World Running Out of Oil Soon” – Is Faulty; Could Distort Policy & Energy Debate
Cambridge Energy Research Associates
November 16, 2006