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  • Publicado : 25 de enero de 2012
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Defining Energy Security and Theory

In order to properly understand the current situation surrounding energy security, it is first important to provide a definition of what energysecurity really is. Energy security can be understood to be ‘a reliable supply of energy at a sustainable cost.’ The primary focus will be on the supply and demand of oil and gas, and theresulting relationship between energy producing and exporting countries, and energy importing countries. countries, and energy importing countries. In Paul Roberts’ book “The End of Oil”,energy security is described as:

"Our ability to meet immediate energy demand…to produce adequate volumes of fuel and electricity at affordable prices and to move that energy to thecountries that need it, when they need it, to keep their economies running and their people fed and their national borders defended. A failure of energy security means that the momentum ofindustrialization and modernity grids to a halt, and survival becomes far less certain."

While this definition of energy security may seem simple and straightforward, energy securitymeans different things to different nations. For example, nations which are heavy producers and exporters of oil and gas, such as Saudi Arabia and Russia, find energy security inmaintaining the ‘security of demand.’ This means that these nations would continue to operate in an energy market where their oil and gas would be bought by energy importing nations at regularand stable rates. Overall the term ‘energy security’ can be varied. According to the UK House of Commons Library, ‘energy security’ is “used widely to mean a number of different things,including the pressures on supply from rapidly industrializing China and India, liberalizing markets to produce interdependence between countries, protecting pipelines from attack...
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