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The institutions and policies that were set up after the 1973 Arab oil embargo can no longer meet the needs of energy consumers or producers. The definition of energy security needs to be expanded to cope with the challenges of a globalized world.
Author: Daniel H. Yergin, President, Cambridge Energy Research Associates
March/April 2006
Foreign Affairs
The institutions and policies that were set up after the 1973 Arab oil embargo can no longer meet the needs of energy consumers or producers. The definition of energy security needs to be expanded to cope with the challenges of a globalized world.
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