VOL. XLIII

No. 04

24-January-2000

OPEC

Energy Security: The Tables Have Turned

by Vahan Zanoyan

The following article on the changing concept of "Energy Security" was written for MEES by Mr VahanZanoyan, President and Chief Executive Officer of the Petroleum Finance Company.

After the oil shock of 1973, the term "Energy Security" became firmly embedded in the mindset of policy-makers in the West. Their response to perceived supply threats was massive, coordinated and effective, leading to such...