This talk was given by Stephen Eule, Institute for 21st Century Energy, U.S. Chamber of Commerce on May 25, 2012 at the IEA Headquarters in Paris, France.
For over four decades, energy security has been a perennial domestic and global concern. The Index of U.S. Energy Security Risk introduced by the U.S. Chamber of Commerce’s Institute for 21st Century Energy in 2010 was the first effort to provide a quantifiable assessment of U.S. energy security. The U.S. Index provides two frames of reference: (1) historical measures of U.S. energy security back to 1970 and (2) forecasts of U.S. energy security to 2035. However, in an increasingly interconnected world, where the risks faced by other nations affect U.S. risks as well, an international index covering many countries can improve our understanding of where the U.S. and other countries fit in the global scheme of things. The Energy Institute’s forthcoming International Index of Energy Security Risk is designed to determine how U.S. risks compare to those for other countries, and how have these risks change over time. Using the OECD group of countries as a baseline, the International Index measures trends in energy security risk since 1980 for the United States and 24 other large energy consuming countries, and it ranks those countries over time on the basis of their energy security risk scores. This talk will provide an overview of the methodology used to develop the U.S. and International Indexes and give the audience a ‘sneak peak’ at the results of the International Index.