SciELO - Scientific Electronic Library Online

 
vol.21 número2A techno-economic feasibility study on the use of distributed concentrating solar power generation in JohannesburgEvaluation of a second order simulation for Sterling engine design and optimisation índice de autoresíndice de materiabúsqueda de artículos
Home Pagelista alfabética de revistas  

Servicios Personalizados

Articulo

Indicadores

Links relacionados

  • En proceso de indezaciónCitado por Google
  • En proceso de indezaciónSimilares en Google

Compartir


Journal of Energy in Southern Africa

versión On-line ISSN 2413-3051
versión impresa ISSN 1021-447X

Resumen

NKOMO, Jabavu Clifford. Crude oil price hikes and issues for energy security for Southern Africa. J. energy South. Afr. [online]. 2010, vol.21, n.2, pp.12-16. ISSN 2413-3051.

This paper addresses a number of issues related to crude oil prices, focusing on Southern Africa. It begins by analysing oil price movements from 1970 to 2008, and examines various factors that may have contributed to the sharp rise and fall in prices. A characteristic feature in the oil market is the time lags it takes to react to price changes. A high oil intensity of GDP makes the economy vulnerable to oil price increases, so that countries with a high oil/GDP ratio are harder hit than others. There are two main issues for energy security: first, on whether the potential use of the oil weapon can be taken seriously; and second, how to minimize vulnerability to oil supply shocks by reducing oil dependence and by a developing or enlarging a strategic stockpile of oil.

Palabras clave : oil price shocks; vulnerability; oil weapon; strategic petroleum reserve.

        · texto en Inglés     · Inglés ( pdf )