Oil Supply Crucially Related to Energy Security
Journal Title: American journal of Engineering Research - Year 2017, Vol 6, Issue 10
Abstract
Taiwan lacks traditional indigenous energy resources and each year imports more than 97% energy demand from the politically unstable countries in the Middle East or South America; plus, coupled with Taiwan's economic model of energy-intensive industry relationships, how to implement the highest guiding principles of energy security policy is an important issue in terms of Taiwan's energy supply. Because closely related to economic development and social stability, energy policy in terms of secure supply is especially focused by the countries in the world that currently adopt the relevant measures no more than such as, distributed imports; supply diversification; and full safety stock. The so-called “not put the all eggs in the same basket” means that energy imports do not focus on a particular region or country, in order to achieve the decentralized political purpose; secondary, the supply diversification benefits except from avoiding an energy crash brought from the outside disaster, but also timely avoiding from the certain high energy prices; in other words, establishing the most costive energy supply mix can facilitate the development of a country's livelihood. Finally, the adequately secure stock is defined by a certain number of energy storage mechanisms in response to international or domestic major accidents caused by paralysis of energy supply to ensure the sustainable management of national economy.
Authors and Affiliations
Shyi-Min Lu
Keywords
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