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Coping with Supply Insecurity

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  • M. A. Adelman

Abstract

Since the end of World War II, there have been six world oil supply disruptions, in 1951, 1956, 1967, 1973, 1979, and 1980-one year in six, and the frequency seems to be increasing. This danger will continue, for there are many sources of disruption. Although the probability of any one type in any one year is low, the chances of escaping them all for several years are also low.

Suggested Citation

  • M. A. Adelman, 1982. "Coping with Supply Insecurity," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 1-18.
    • Handle: RePEc:aen:journl:1982v03-02-a01
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    Cited by:

    1. Philip K. Verleger Jr., 2015. "Structure Matters: Oil Markets Enter the Adelman Era," The Energy Journal, International Association for Energy Economics, vol. 0(Adelman S).
    2. Omar, Ayman & Lambe, Brendan John, 2022. "Crude oil pricing and statecraft: Surprising lessons from US economic sanctions," International Review of Financial Analysis, Elsevier, vol. 83(C).
    3. Amir D. Aczel & Timothy J. Fullam, 1986. "Time Series Analysis of U.S. Consumption of Motor Gasoline," The American Economist, Sage Publications, vol. 30(1), pages 21-27, March.
    4. Murphy, Frederic & Oliveira, Fernando S., 2010. "Developing a market-based approach to managing the US strategic petroleum reserve," European Journal of Operational Research, Elsevier, vol. 206(2), pages 488-495, October.

    More about this item

    JEL classification:

    • F0 - International Economics - - General

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