There are many approaches to measuring energy security: some researchers use geologic and technical factors while others focus upon supply and demand. Common to these approaches is the emphasis upon exposure to supply disruption but not to the probability of its occurrence. As petroleum markets have shown themselves resilient to secular events, we ask if an alternative approach might be useful in quantifying energy security. We apply financial option theory to four eventful periods to learn the expectations of market participants to disruptions. We find the forward-looking views of petroleum market participants to be accurate with regard to both price persistence and the resilience of markets to absorb shocks. Our results cast doubt upon th...
This paper tests the theory of storage-the hypothesis that the marginal convenience yield on invento...
This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whos...
AbstractEnergy security studies have expanded from their classic beginnings following the 1970s oil ...
After reviewing the alternative approaches to measuring energy security the authors introduce a fres...
On the whole, research into energy security falls into one of three perspectives: The political pers...
On the whole, research into energy security falls into one of three perspectives: The political pers...
Economic assessments of the welfare effects of energy insecurity are typically uncertain and fail to...
We investigate the relationship between energy commodities bases, inventory and financial stress fro...
As renewable energy depends on meteorological shocks and is non-controllable, the overall energy pro...
Energy-dependent economies and energy security strategies need to cope with oil and gas supply disru...
The concept of energy security is widely used, yet there is no consensus on its precise interpretati...
Energy security studies have expanded from their classic beginnings following the 1970s oil crises t...
Measuring energy security or resilience in energy is, in the main, confined to indicators which are ...
This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whose...
Involvement by government in the energy sector has historically been extensive. Generally, however, ...
This paper tests the theory of storage-the hypothesis that the marginal convenience yield on invento...
This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whos...
AbstractEnergy security studies have expanded from their classic beginnings following the 1970s oil ...
After reviewing the alternative approaches to measuring energy security the authors introduce a fres...
On the whole, research into energy security falls into one of three perspectives: The political pers...
On the whole, research into energy security falls into one of three perspectives: The political pers...
Economic assessments of the welfare effects of energy insecurity are typically uncertain and fail to...
We investigate the relationship between energy commodities bases, inventory and financial stress fro...
As renewable energy depends on meteorological shocks and is non-controllable, the overall energy pro...
Energy-dependent economies and energy security strategies need to cope with oil and gas supply disru...
The concept of energy security is widely used, yet there is no consensus on its precise interpretati...
Energy security studies have expanded from their classic beginnings following the 1970s oil crises t...
Measuring energy security or resilience in energy is, in the main, confined to indicators which are ...
This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whose...
Involvement by government in the energy sector has historically been extensive. Generally, however, ...
This paper tests the theory of storage-the hypothesis that the marginal convenience yield on invento...
This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whos...
AbstractEnergy security studies have expanded from their classic beginnings following the 1970s oil ...