The Global Oil Market and EU Energy Security

  • Dag Harald Claes
Chapter
Part of the Energy, Climate and the Environment book series (ECE)

Abstract

Claes first refines the concept of energy security into physical, economic and political components, which contain both structural and strategic elements. He then provides a historical account of how the European Great Powers, and later the European Union, have followed various strategies in order to secure oil supplies from external sources. The challenges facing the EU in this endeavour are discussed further in relation to the “Peak Oil” debate and the import dependency of EU member states. This is followed by a critical assessment of the EU’s ability to act coherently and effectively in the political diplomacy of the global oil market.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Dag Harald Claes
    • 1
  1. 1.University of OsloOsloNorway

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