Download or read book Measuring Energy Security written by Mr.Prakash Loungani and published by International Monetary Fund. This book was released on 2011-02-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies has increased steadily. We document the cross-country heterogeneity in the extent of diversification. We also show how the extent of diversification changes if account is taken of the political risk attached to suppliers; the size of the importing country; and transportation risk.