Energy security
Energy security is the association between national security and the availability of natural resources for energy consumption. Access to (relatively) cheap energy has become essential to the functioning of modern economies. However, the uneven distribution of energy supplies among countries has led to significant vulnerabilities. International energy relations have contributed to the globalization of the world leading to energy security and energy vulnerability at the same time.
New threats to energy security have emerged in the form of the increased world competition for energy resources due to the increased pace of industrialization in countries such as India and China, as well as due to the increasing consequences of climate change. Although still a minority concern, the possibility of price rises resulting from the peaking of world oil production is also starting to attract the attention of at least the French government. Increased competition over energy resources may also lead to the formation of security compacts to enable an equitable distribution of oil and gas between major powers. However, this may happen at the expense of less developed economies. The Group of Five, precursors to the G8, first met in 1975 to coordinate economic and energy policies in the wake of the 1973 Arab oil embargo, a rise in inflation and a global economic slowdown. NATO leaders meeting in Bucharest Romania, in April 2008, may discuss the possibility of using the military alliance "as an instrument of energy security". One of the possibilities include placing troops in the Caucasus region to police oil and gas pipelines.
Petroleum, otherwise known as "crude oil", has become the resource most used by countries all around the world including Russia, China (actually, China is mostly dependent on coal (70.5% in 2010)) and the United States of America. With all the oil wells located around the world energy security has become a main issue to ensure the safety of the petroleum that is being harvested. In the middle east oil fields become main targets for sabotage because of how heavily countries rely on oil. Many countries hold strategic petroleum reserves as a buffer against the economic and political impacts of an energy crisis. All 28 members of the International Energy Agency hold a minimum of 90 days of their oil imports, for example.
As the resources that have been so crucial to survival in the world to this day start declining in numbers, countries will begin to realize that the need for renewable fuel sources will be as vital as ever. With the production of new types of energy, including solar, geothermal, hydro-electric, biofuel, and wind power. With the amount of solar energy that hits the world in one hour there is enough energy to power the world for one year. With the addition of solar panels all around the world a little less pressure is taken off the need to produce more oil.
