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Energy security and imports

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Dependence on imported fuels and equipment, supply disruptions, domestic production, reserves, and the trade-offs of self-sufficiency.

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Principles

  • Energy security depends on dependable supply chains and the ability to withstand disruption.
  • Compare diversification, reserves, and domestic capacity by cost and the risks they actually reduce.

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Check your understanding

What best tests an energy-security plan?
Its ability to withstand realistic supply disruptions at an acceptable cost.
The assumption that one supplier can never fail.
The number of self-sufficiency slogans used.

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Related category: Environment.