Energy security as a rationale for governmental action

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21 Scopus citations

Abstract

Over the past century, energy security has been a common rationale for governmental actions. In this paper, a brief examination of the histories of oil and electricity is taken to show that unfettered markets do not ensure adequate energy security, that rationales for governmental intervention have evolved over time, and that economic and political interests have been inextricably interklinked throughout. It is also emphasized that the energy security lens has significant implications in the current policy debate over the hydrogen economy.

Original languageEnglish (US)
Pages (from-to)16-25
Number of pages10
JournalIEEE Technology and Society Magazine
Volume24
Issue number2
DOIs
StatePublished - Jun 2005

All Science Journal Classification (ASJC) codes

  • General Engineering
  • General Social Sciences

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