Der zweite Golfkrieg hat alle Vorhersagen über eine mögliche Unterbrechung der Ölversorgung aus der Region widerlegt. Gleichzeitig hat der Zusammenbruch der Sowjetunion den westlichen Ölfirmen den Zugang zu riesigen Ressourcen geöffnet. Ein entscheidender Wandel in der Ölordnung ist im...

Research for this paper was carried out in the context of the SECURE project (Security of Energy Considering its Uncertainties, Risks and Economic Implications), funded by the European Commission under the Seventh Framework Programme. The project aims to develop appropriate tools for evaluating...

Holding strategic oil stocks is at first sight an obvious tool to address potential disturbances in supplies. Rationally defining the desirable size of stocks and designing rules for their predictable use is an elusive task, however. A key conceptual difficulty arises in the distinction between...

Research for this paper was carried out in the context of the SECURE project (Security of Energy Considering its Uncertainties, Risks and Economic Implications), funded by the European Commission under the Seventh Framework Programme. The project aims to develop appropriate tools for evaluating...